Book: Battling Debt Anxiety

Chapter 13
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 an attorney, some people may have the desire to hide or sell assets to prevent the trustee from seizing them. However, these efforts should be avoided as they can …

Chapter 13
Can I hide or transfer my most valued items to friends or family prior to filing bankruptcy?
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Chapter 12
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 secures a deficiency judgment which it may attempt to enforce through bank attachments and wage garnishments. We know …

Chapter 12
My house was sold by the sheriff and there is a balance left. What could possibly go wrong?
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Chapter 11
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 a 2-year period. Or you might have caused an accident but weren’t insured. …

Chapter 11
My driver’s license has been suspended. Will bankruptcy help me get it back?
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Chapter 5
What if I make too much money for a Chapter 7 and run afoul of the Chapter 13 limits?

If you make more than the median income for your household size and cannot pass the Means Test, you may be unable to qualify to file bankruptcy under Chapter 7. Most debtors who do not clear these two hurdles will then opt for filing under Chapter 13 and perform a Wage Earner Plan for the …

Chapter 5
What if I make too much money for a Chapter 7 and run afoul of the Chapter 13 limits?
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Chapter 4
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 Plan anyway and may not have …

Chapter 4
What are the benefits of Chapter 13 Wage Earner Plan?
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