Debra Booher &Associates Co., Lpa Click here to get your free Legal evaluation
Call Us Today Toll Free

Chapter 7 and different property exemptions

Bankruptcy often brings up various issues, but it is essential to keep in mind that each case is unique. The ins and outs of one person's circumstances may vary dramatically in comparison to another person's financial hurdles, which is why it is so crucial to figure out which type of bankruptcy protection is ideal given your situation. Even after you have figured this out, you will need to carefully go over your financial affairs and understand how the bankruptcy could affect your life. Many people benefit from Chapter 7, especially those who are worried about losing certain assets. Fortunately, this route can help people retain certain assets that are considered exempt.

By moving forward with the Chapter 7 process, you may benefit from various property exemptions. For example, you may find that your vehicle, home, personal belongings, and household items are exempt. However, it is pivotal to remember that what may have worked well for someone else may not be the best path forward given the unique details surrounding your debt, assets, and financial circumstances.

Sometimes, people think that Chapter 7 may not be the best way to handle their debt, only to find that moving forward with such a petition would be highly advantageous. The decision to file for bankruptcy can be hard, but the benefits people often experience after doing so (such as mental and financial freedom) can make their efforts well worth it. Visit our exempt property page if you would like to read more related to filing for Chapter 7

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Cuyahoga Falls Office
1350 Portage Trail
Cuyahoga Falls, OH 44223

Cuyahoga Falls Law Office Map

Beachwood Office
3401 Enterprise Pkwy.
Suite 340
Beachwood, Ohio 44122

Map & Directions

Independence Office
4700 Rockside Rd
Suite 415
Independence, Ohio 44131

Map & Directions

Westlake Office
1991 Crocker Rd
Suite 600
Westlake, Ohio 44145

Map & Directions

Canton Office
4450 Belden Village Street NW
Suite 204
Canton, Ohio 44718

Map & Directions

Ravenna Office
2633 St. Rt. 59
(Orchard Plaza)
1st floor
Ravenna, Ohio 44266

Map & Directions