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What is Chapter 7 Bankruptcy?
The basic idea in a Chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property. Continue reading →
Posted in Bankruptcy/Foreclosure/Other Financial Problems
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Tagged bankruptcy, behind on payments, cba, Chapter 7, Cincinnati Bar Association lawyer referral, Cincinnati lawyer referral, consult with bankruptcy attorney, debt, debtor, lrs, personal property, property exemptions, straight bankruptcy
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Can my income affect the type of bankruptcy I can file?
Yes, an experienced bankruptcy attorney will be able to review these figures with you to determine which type of bankruptcy you can file. Continue reading →
Posted in Bankruptcy/Foreclosure/Other Financial Problems
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Tagged bankruptcy, cba, Chapter 11, Chapter 12, Chapter 13, Chapter 7, Cincinnati Bar Association lawyer referral, Cincinnati lawyer referral, consult with bankruptcy attorney, debt, debt adjustment, debtor, lrs, straight bankruptcy, types of bankruptcy
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What is bankruptcy?
Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. Continue reading →
Posted in Bankruptcy/Foreclosure/Other Financial Problems
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Tagged bankruptcy, cba, Chapter 11, Chapter 12, Chapter 13, Chapter 7, Cincinnati Bar Association lawyer referral, Cincinnati lawyer referral, consult with bankruptcy attorney, debt, debt adjustment, debtor, lrs, straight bankruptcy, types of bankruptcy
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What kinds of bankruptcy are there?
There are four types of bankruptcy cases provided under the law, Chapter 7, Chapter 11, Chapter 12 and Chapter 13. Continue reading →
Posted in Bankruptcy/Foreclosure/Other Financial Problems
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Tagged bankruptcy, cba, Chapter 11, Chapter 12, Chapter 13, Chapter 7, Cincinnati Bar Association lawyer referral, Cincinnati lawyer referral, consult with bankruptcy attorney, debt, debt adjustment, debtor, lrs, straight bankruptcy, types of bankruptcy
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Can filing bankruptcy help me avoid losing my home?
It is usually the last resort, but filing a Chapter 13 or Chapter 7 bankruptcy can allow you to possibly keep your home. Continue reading →
My mortgage lender is filing foreclosure because I am behind 90-120 days. What are my options?
Your options at this point are still numerous. However, be aware that as your case progresses through the legal system you start to have fewer and fewer options until finally you have none. Continue reading →
What is debt management?
In a debt management program, you are paying the company a monthly debt management payment for a period of usually 3 to 6 years that they will apply to a monthly payment to each credit card in the program until the debt has been paid. Continue reading →
What is debt settlement?
Generally, debt settlement is a process in which a company, individual attorney or law firm negotiates settlements of your debts after you pay a fee and pay into an escrow account for many months or years. Continue reading →
When filing bankruptcy, what property is exempt?
While your exemptions allow you to keep property even in a Chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind. In a Chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. Continue reading →
If I file bankruptcy, will I lose my car or home?
In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Continue reading →