Bankruptcy News & Information From Ohio

Will Filing Bankruptcy Affect My Children?

The decision to file bankruptcy is a serious one that should only be undertaken after carefully considering all the implications.

Top 10 Reasons People File for Bankruptcy

The number of people filing for Chapter 7 bankruptcy across the United States has risen at a drastic rate. According to statistics, approximately 1.5 million people file for bankruptcy every year, and 97% of those filings are individuals.

Take Advantage of the Bankruptcy Courts to Fight Your Foreclosure

Foreclosure can be a tough situation to face, particularly in the Akron, Canton, and Wooster areas of Ohio. If you are in a challenging financial position such that your house is being foreclosed on, it’s unlikely you’ll have enough funds to pay the reinstatement fees, attorney’s fees, and other things required to halt a foreclosure.

For a Chapter 7 Bankruptcy, Look for a Leading Bankruptcy Attorney in Akron

A Chapter 7 bankruptcy—commonly referred to as a “liquidation” bankruptcy—is usually the simplest form of bankruptcy. When filing a 7, the debtor must first pass a means test requirement.

The Differences Between Chapter 7 and Chapter 13 Bankruptcy

When you decide to file for bankruptcy, you’re going to be facing a few decisions to make. One such decision is exactly what type of bankruptcy you want to file for. There are two common types—Chapter 7 and 13—as well as others (such as Chapter 11) that are outside the scope of this blog. Most likely you will be deciding between a 7 and 13. To help you make your choice, here are a few key differences between the two.

Start Your Life Anew Without the Debt

Sometimes, even if you have made all the right choices, bad things just happen to you. Perhaps you made some investments that didn’t pan out. Or, perhaps you went through a divorce and saw your income reduced. Or maybe you were unfortunate enough to suffer a catastrophic illness or injury and now you are swimming in medical bills

Can a Chapter 13 Plan Vest Property To a Lienholder?

You want to file chapter 13 and you can't afford your house payments. You also want to move out of the house and be not responsible for the maintenance and the HOA fees on it.

I Want to Keep My Inheritance and File For Bankruptcy

Once in a while, a prospective client will tell me that they are receiving an inheritance and they want to file for bankruptcy.

Prospective Clients' Mistaken Assumptions in Filing Chapter 7

Sometimes I receive a phone call from a person stating "I want to file a chapter 7. What are your fees?" They ask the question as if they know for sure they will file a chapter 7. I then explain to them I know nothing about them.

Why Should I File Chapter 13 if I Was Forced Into It Due to Disposable Income?

Why should I file Chapter 13 if I was forced into it due to disposable income?

How Do You Strip a Judgment Lien in Bankruptcy?

Should you hire a cheap bankruptcy attorney?

Lately in the field of bankruptcy attorneys, I have noticed a lot of attorneys are starting to advertise cheap attorney fees in the Akron, Canton, Cleveland, Wooster, New Philadelphia area. But is cheaper necessarily better?

Stripping a Junior Lien in a Chapter 13 Bankruptcy

Sometimes a client comes in for a bankruptcy consultation and during the consultation I find out that part of the reason they have a hard time making ends meet is they have a second mortgage on their house

Can Filing For Bankruptcy Help Me With a Tax Lien?

In our last blog, we talked about how filing for bankruptcy can actually get rid of some of your taxes. But what if the taxes that would be discharged in your bankruptcy already have a lien filed against you?