Median Family Income for Cases Filed On or After May 1, 2017

The Median Family Income in Ohio amount is very important.  It determines whether you qualify to file Chapter 7 Bankruptcy.  It also determines the length of your repayment plan in a Chapter 13 Bankruptcy case.  The current monthly income test looks at the average gross family income for the six months before you file your case.…

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Vicious Cycle of Payday Loans

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Payday loans are an easy way to get cash when money is tight before your next pay day.  However, these loans can create vicious cycle of borrowing money that some people can never stop. What is a Payday Loan? Payday loans help holdover an individual until their next pay day.  Typically a lender will will…

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Preparing for Your Bankruptcy Consultation

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Your initial bankruptcy consultation is an important time to learn about the process and to get answers to your questions.  Filing for bankruptcy relief is an important decision you have to make.  Bankruptcy can help turn your financial life around.  There is a lot of information you will need to put together and provide your attorney.…

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Bankruptcy, Documents and the Clients Who Keep Them

If your bankruptcy attorney hasn’t filed your case yet…chances are they are waiting on documents. Once you retain a bankruptcy attorney they will give you a list of documents they need.  An issue that commonly arises is that time goes by and new documents are necessary to obtain.  The quicker you provide the necessary information the quicker…

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Make the Most of Your Free Bankruptcy Consultation

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The following items will help me get to know you so that I can analyze your bankruptcy case as quickly as possible.  This, in turn, will provide more to answer your specific questions during the free consultation.  The items requested are not meant to overwhelm you and should not stop you from seeking legal advice.  If you…

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Keeping Your Tax Refund When Filing Bankruptcy

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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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Debunking Commonly Asked Bankruptcy Myths

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When you are considering filing bankruptcy you will hear all kinds of bankruptcy myths – information which is half-true, misleading or outright false. Bankruptcy tales vary and grow with lore each time they are told. Here are some of the most common myths that I have heard: I will lose everything that I own if I…

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What Happens When You Inherit Property While in Bankruptcy?

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When you file for bankruptcy protection everything that you own becomes property of your bankruptcy estate.  But what happens to property you acquire after you file bankruptcy?  Typically, after acquired property is of no concern; however, if you inherit property after your case is filed timing becomes important. 11 U.S.C. § 541 puts forth a complete…

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Median Family Income for Cases Filed On or After November 1, 2015

This article is now outdated, please refer to our new article on Median Family Income after May 1st, 2016 to find the latest figures.  The Median Family Income in Ohio amount is a dollar amount that is very important when trying to figure out whether you can file a Chapter 7 bankruptcy case.  When discussing or…

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How To Put Together Your List Of Creditors

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Filing bankruptcy requires you to file certain information with the United States Bankruptcy Court.  One of these documents is the mailing matrix or list of creditors.  It is in your best interest to provide an accurate list in order for your creditors to receive actual notice of your case filing.  Sometimes clients are not aware…

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