When it comes to filing a bankruptcy petition, we have looked into many different legal issues affecting those who are facing financial challenges. With the emergence of new financial considerations due to technology, such as cryptocurrency investments, there are even...
Bankruptcy
How to balance bankruptcy with divorce
For many couples in Ohio, financial challenges can create or add to marital strife. Problems with money can even at times contribute to an irreconcilable breakdown of a marriage. If you and your spouse are in this situation where you have decided to get divorced but...
Filing for bankruptcy after an injury
People find themselves in difficult financial positions for different reasons, but some are completely unexpected. For example, a business owner who has been struggling with declining sales may have been considering bankruptcy for quite some time. On the other hand,...
Talk of a joint venture to prevent sale of Downtown properties
While there are a few situations in which bankruptcy might be abrupt and out of one's control, the financial downfall that ultimately leads to one having to file for bankruptcy can oftentimes be halted with the adjustment of a few key factors. When an entity does...
What are the Chapter 7 and Chapter 13 eligibility requirements?
If you feel overwhelmed with crushing debt, filing for bankruptcy may be a way that you can reboot your finances and start over. There are usually two types of bankruptcy that individuals in Ohio may file: Chapter 7 and Chapter 13. Chapter 13 is reorganization...
What is the difference between Chapter 7 and Chapter 13?
You have probably heard the term "bankruptcy" mostly in a negative context, but for many Ohio residents who have fallen into debt, bankruptcy becomes a saving grace: a chance to move forward from past mistakes and start over new. According to FindLaw, individuals who...
Certificates you need before your bankruptcy can be discharged
The U.S. Bankruptcy Code includes several requirements for filers in Ohio and across the country. One of these for anyone who plans to file a Chapter 7, 11, 12 or 13 bankruptcy is completing a credit counseling course through an approved agency, according to the...
Understanding what to do if your employer files for bankruptcy
You have been suspicious of the financial security of your employer for quite some time and have begun to look elsewhere for employment. However, nothing could have prepared you for the bombshell when you arrive at work and find out that your employer has filed for...
Understanding how a car repossession works
There is little else as stressful as knowing that creditors are getting anxious about receiving their payments and have threatened repossession of a vehicle. For many people in Ohio who are stuck in this inconvenient predicament, feelings of anxiety and anger may be...
The debtor’s meeting with the trustee and creditors
The Ohio bankruptcy trustee is a person appointed to a bankruptcy case. The trustee performs various tasks, one of which is presiding over the meeting of creditors. Cornell University Law School's Legal Information Institute explains that the bankruptcy court...