One of the options available to Ohio debtors who cannot obtain relief from their financial obligations through other methods is filing for Chapter 13, assuming the eligibility requirements are met. While a successful completion of the plan will result in the discharge of most debts that remain unpaid, some obligations are not eligible for discharge. These include criminal fines and compensation obligations, liabilities for drunk driving and debts not covered by the court-approved plan. However, two of the biggest debt concerns for some individuals are student loans and payments for alimony and child support.
Despite legislation to make mortgage modification easier and prevent even more foreclosures after the housing crisis, many Americans are still struggling to keep their homes. If you are overwhelmed with the amount of your personal debt, Chapter 13 bankruptcy is a viable option that will typically allow you to stop foreclosure, keep your vehicles and get some debt relief.