How Often Can You File Bankruptcy?

How Long Do You Have to Wait Until You Can File Bankruptcy Again? Some debtors find that they fall victim to the 1-2 punch. They have emerged from bankruptcy with a fresh start only to have another disappointment or tragedy to befall them. It may be the sudden death of a loved one, the loss [...]

2019-04-30T00:23:19+00:00

Can I File Bankruptcy to Get My Driver’s License Back?

My Driver’s License Has Been Suspended. Will Bankruptcy Help Me Get It Back? So your license was suspended for DUI. Or maybe you merely failed to show proof of insurance at a traffic stop. Or you were randomly selected to show you have insurance and you didn’t have any. Maybe you accumulated 12 points in [...]

2019-04-19T07:39:45+00:00

How Transferring Assets Before Bankruptcy Could Screw Your Case

Can I Hide or Transfer My Most Valued Items to Friends or Family Prior to Filing Bankruptcy? One of the largest concerns of anyone filing for bankruptcy is what will become of their personal possessions in a Chapter 7 bankruptcy. After consulting with a Cleveland OH bankruptcy attorney, some people may have the desire to [...]

2019-03-21T11:34:45+00:00

Mortgage Debt Forgiveness: What Happens at Tax Time?

My house was sold by the sheriff and there is a balance left. What could possibly go wrong? There are two scenarios that may play out in Ohio when it comes to mortgage deficiencies following foreclosure: The first is that the lender may walk away from the deficiency, and The second is that the lender [...]

2019-02-26T12:37:04+00:00

How Does Bankruptcy Affect Your Credit?

What Is the Effect of Bankruptcy on My Credit Score? How does bankruptcy affect your credit? This is a major concern of almost everyone who is considering the benefits of starting over. Unfortunately, there is a lot of misinformation out there passed along by well-meaning friends and family members. The truth about how a consumer’s [...]

2019-03-21T11:54:39+00:00

Types of Bankruptcies: What Is the Difference Between Chapter 7, Chapter 11 and Chapter 13?

Bankruptcy is an ancient right. Medieval church law provided for the discharge of debt in exchange for the liquidation of all but one’s necessary assets. This led to the enactment of the first bankruptcy laws in merry old England. It was also a precursor to our modern Chapter 7 bankruptcy law. But even that advancement [...]

2018-11-19T22:13:52+00:00

How Much Does It Cost to File Bankruptcy?

Most people contemplating bankruptcy obviously are in a financial bind. As a result, it is natural that one of the questions they ask of a bankruptcy attorney is the following: How much does it cost to file bankruptcy? The desire to keep the cost as low as possible is understandable. However, those considering bankruptcy should [...]

2018-12-27T13:14:37+00:00

What Are the Benefits of Chapter 13 Wage Earner Plan?

Although most folks looking for relief from overwhelming debt would prefer the “quick and dirty” Chapter 7 discharge, there are several reasons why filing under Chapter 13 and making payments for 3-5 years might be preferable. Of course, those households with over-the-median income will likely have to file a Wage Earner Plan anyway and may [...]

2019-02-12T18:35:45+00:00
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