Debra Booher &Associates Co., Lpa Click here to get your free Legal evaluation
Call Us Today Toll Free
888-542-1300

Posts tagged "Chapter 7 Bankruptcy"

What will the trustee ask you at the 341 meeting?

One of the things you'll have to do as a part of the bankruptcy process in Ohio is attending a meeting of creditors. Sitting down with your creditors may sound stressful, but in reality, creditors rarely attend the meetings. The primary focus of the meeting will be the questions the trustee asks you. You will be under oath, so it is important to be prepared to give honest and complete answers.

Should I reaffirm the loan on my car?

From the moment you began to consider filing a Chapter 7 bankruptcy in Ohio, you have had reservations because you worry about losing your transportation. Right now, you have a nice car, although you do have a loan and payment. The vehicle is not eligible as an exemption, though, and if it is liquidated, you may not be able to get another one as reliable without a high interest rate. Fortunately, you may be able to keep the car - as long as you are willing and able to keep making the payments.

Can I keep using my credit card if I plan to file bankruptcy?

You've been struggling to pay your bills for a while now, and recently you decided to file Chapter 7 bankruptcy in Ohio. Even though you are making plans, life goes on, and you still have things you need. Your unsecured debts will be discharged in the bankruptcy. Does that mean it's OK to charge your credit card to the limit?

Watch for these signs of a debt relief scam

Even when struggling with overwhelming debt, some people in Ohio may be hesitant to file for Chapter 7 bankruptcy until they have exhausted all other options. In doing some research, they may have come across many websites that seem to have viable solutions. However, these could be scams.

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.

Reviewing some benefits of Chapter 7

On this blog, we have looked at some of the different benefits of filing for bankruptcy. However, it is vital to understand the differences between Chapter 7 and other types of bankruptcy, such as Chapter 11 and Chapter 13. If you think that Chapter 7 is the best direction forward given your circumstances, it is essential to take a close look at the ins and outs of the process. Moreover, you may find value in examining some of the advantages of Chapter 7 bankruptcy, which has allowed many people throughout the whole state of Ohio to find a new start.

What happens to jewelry in Chapter 7 bankruptcy?

Question: I have an enormous debt and there’s no way I will be able to pay it off. I’m thinking about filing for bankruptcy, but I’m worried about losing everything I have. I know that I probably won’t lose my house, but I would be heartbroken to lose other items, like my grandma’s heirloom diamond ring. Will the bank sell jewelry that has been in the family for generations?

Trustee actions deemed invasive

Recently, Chapter 7 trustees have been asking debtors for passwords to PayPal, Amazon Prime and similar accounts. How this may impact Ohio debtors is unclear as the Justice Department does not approve of these questions. It is also unclear how the information is used or who may have access to it. The questions were asked by trustees in Maryland who demanded that debtors keep the accounts active and refrain from changing the passwords for 10 days.

Alfred Angelo bankruptcy trustee lends a helping hand to brides

As most brides will agree, few things are more stressful than trying to plan a wedding. Everything has to be just right in order for that one day to be a truly special one. And for many brides-to-be, it all starts with finding their wedding dress.

Instead of paying off debts with your retirement money...

There are few things worse than seeing your debt rise after retirement. You might think you're too old to rejoin the workforce or worry you won't get hired even if you did apply. Whatever the reason, it's important not to make this major mistake: paying off your debts with your retirement accounts.

Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

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.

close

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