When experience matters, give me a call!
38052 Euclid Avenue, Suite 105
Willoughby, Ohio 44094

Inheritances with Chapter 13 Bankruptcy

Inheritances with Chapter 13 Bankruptcy

If you are receiving an inheritance while you are going through Chapter 13 bankruptcy, you may have to pay more or amend your payment plan to increase what you are paying to other unsecured creditors. Timing is critical in that if your inheritance occurs within 180 days of your filing, all of it becomes an asset of the estate and would be available to pay the claims of creditors.

Options to Consider if You Can’t Meet Your Chapter 13 Bankruptcy Payment Plans

Options to Consider if You Can’t Meet Your Chapter 13 Bankruptcy Payment Plans

Options to Consider if You Can’t Meet Your Chapter 13 Bankruptcy Payment Plans   If you fall behind on your Chapter 13 bankruptcy payments, the Chapter 13 bankruptcy trustee will ask the Bankruptcy Judge to dismiss your case. You will still have other options to re-instate your case.   Make Good on Your Payments Many… Continue Reading

What Is A Bankruptcy Trustee?

What Is A Bankruptcy Trustee?

A bankruptcy trustee is responsible for ensuring that a bankruptcy filing is properly handled legally, procedurally, and administratively. The U.S. Department of Justice administers the U.S. Trustee Program. There are 21 regional trustee offices through the United States. A trustee represents the interests of your creditors. He/she will attempt to recover unprotected assets from you… Continue Reading

Bankruptcy Exemptions in Ohio

Bankruptcy Exemptions in Ohio

If you file a Chapter 7 case, you can retain protected or “exempt” property. There is a comprehensive list of property deemed by the Ohio legislature as property people need for a fresh start. Your attorney will know the limitations for each of these categories and whether property you own will fit within an exemption.… Continue Reading

Robert A Boyd, Attorney at Law - Willougby Ohio