No area of law is more fraught with myths than bankruptcy law.  When you are considering filing you will hear all kinds of bankruptcy myths – information which is half-true, misleading or outright false.  Like a mythical mermaid which some say lure a sailor to their deaths, and others say are angels of the deep, bankruptcy…

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Under water?!? When your mortgage is more than the value of your home, you can feel like you are drowning. Contact Bankruptcy Lawyer David J. Smith about obtaining a mortgage loan modification.  Mortgage modifications allow you to stay in your property while reducing your monthly payments to a livable rate.  This fresh start that can also…

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Bankruptcy and gambling debts became a more relevant topic in Ohio in November 2009 when Ohio voters approved a constitutional amendment allowing four casinos to be built and operated in the cities of Cincinnati, Cleveland, Columbus and Toledo.  Gambling debts by Ohioans have increased after the opening of these four casinos and the continued growth of…

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Benjamin Franklin is attributed with the saying that nothing is certain except death and taxes.  And while little can be done about the certainty of death, I can help you maximize the money that stays in your pocket by utilizing your tax refund exemptions when you file for bankruptcy. On the date you file for bankruptcy,…

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A major concern from clients is whether they will lose their property when filing bankruptcy.  Properly applying the Ohio bankruptcy exemptions allows you to protect and keep your property.  A “bankruptcy estate” is created upon the filing of a Chapter 7 bankruptcy case.  Your bankruptcy estate is all of your property and property rights that the bankruptcy court has…

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If you find yourself in over your head with debt these 5 Debt Reduction Strategies just might help turn things around for you and let you avoid bankruptcy. Pay more than the minimum payment on your credit cards.  Paying only the minimum amount each month could help you wind up with more debt, more stress and more time…

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