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Category Archives: Bankruptcy

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

Ohio Means Test for Bankruptcy

Ohio Means Test for Bankruptcy

In order to file a Chapter 7 bankruptcy, you must pass a “means” test. This test applies to high income filers, so if your income is less than the Ohio average household (which takes into account household size) you are exempt from the test and may file Chapter 7. If your income is above the… Continue Reading

How to Stop Debt Collectors Fast

How to Stop Debt Collectors Fast

When you’re unable to pay your bills, the constant threats from debt collectors can make an already stressful time unbearable. If you decide that bankruptcy is your best way forward out of debt, the calls from bill collectors will stop immediately after an automatic stay is instituted. What Is a Bankruptcy Automatic Stay and why… Continue Reading

Bankruptcy – How long will it take?

Bankruptcy – How long will it take?

Once you’ve made the difficult decision to file for bankruptcy, you’re naturally anxious to get the process underway and fully resolved. The truth is that the length of bankruptcy proceedings can vary based on a number of factors, but on average, a Chapter 7 bankruptcy will take somewhere around 105 days or more from the… Continue Reading

Chapter 7 Versus Chapter 13: What’s the Difference?

Chapter 7 Versus Chapter 13: What’s the Difference?

Chapter 7 Bankruptcy Versus Chapter 13 Bankruptcy: What’s the Difference? There are two main types of bankruptcy available for individuals: Chapter 7 versus Chapter 13. The aim of both types of bankruptcy is to help people who are in debt discharge all or some of their debt obligations; however, there are many differences between the two… Continue Reading

Chapter 13 Bankruptcy, what is bankruptcy in Ohio ?

Chapter 13 Bankruptcy, what is bankruptcy in Ohio ?

What Is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is available for individuals and sole-proprietor businesses that have fallen into debt and are struggling to meet all of their obligations. The General Principle With Chapter 13 bankruptcy, you have the opportunity to reduce your debt and retain all of your property. This type of bankruptcy is… Continue Reading

Robert A Boyd, Attorney at Law - Willougby Ohio