Bankruptcy Filing
How Long Does A Bankruptcy Stay On My Credit Report?
Any bankruptcy filing will have an impact on your credit. Filing bankruptcy will stay on your credit report for a minimum of seven (7) years. The bankruptcy case will remain a part of your permanent financial record regardless of which type of bankruptcy you file. If you file under Chapter 13 of the bankruptcy code then the…
Read MoreProtecting Your Property: Bankruptcy Exemptions in Ohio
A major concern people have when considering filing for bankruptcy protection is how to keep their property. The amount of property you are allowed to keep depends on the Bankruptcy Exemptions in Ohio that you claim. These exemptions allow bankruptcy filers to get the fresh financial start they seek while keeping their property. However, there are limits to what…
Read MoreContact Ohio Estate Attorney David J. Smith Today
I am Dayton Bankruptcy Attorney and I enjoy helping individuals and families navigate through their tough financial times. I focus my practice on consumer Bankruptcy law (Chapter 7 and Chapter 13 bankruptcies), and I am licensed to practice throughout the State of Ohio and in the United States District Courts for the Northern and Southern Districts…
Read MoreThe Credit Counseling Class Requirement for Bankruptcy
Requirements for Bankruptcy: The Credit Counseling Class One of the requirements for bankruptcy is the completion of two separate classes: the Credit Counseling Class and the Financial Management Class. The first course is required by the Court to be completed prior to filing the bankruptcy petition. The second course is required to be completed at any time after…
Read MoreThe Dayton Bankruptcy Attorney: Using Bankruptcy to Stop a Foreclosure
Don’t give up without a fight! Stop the Foreclosure! When you have a foreclosure complaint filed against you, the clock starts ticking, and you are put into a stressful, legal world you are likely unfamiliar with. There are procedural issues to pay attention to, such as the amount of time you have to file…
Read MoreBankruptcy and Cosigners
The Effect of Filing Bankruptcy on Cosigners Many times when a person is seeking to obtain a loan a cosigner is required. Many times these cosigners are either a friend or family member who signs a legal document or contract and promises to pay your loan in the event that you default on your payments. This cosigner becomes legally…
Read MoreFiling Time Limits in Bankruptcy
How often can I receive a discharge of debts through bankruptcy? Although you can file bankruptcy as many times as you want, you can only obtain a discharge – wiping your debts away – periodically based on what chapter you have filed. CHAPTER 7: If you have received a discharge in a Chapter 7…
Read MoreBankruptcy Basics: Watch out for Bankruptcy Crimes
When filing bankruptcy, always tell the truth! When filing for bankruptcy protection, a debtor must be honest and accurate in dealing with the court or face serious consequences, including being charged with a crime. The court requires debtors to divulge all assets and debts to insure the protection of creditors. By signing your petition, you…
Read MoreHow Long Does a Bankruptcy Take?
What is the time table for bankruptcy? – Depends on the chapter you file How long a bankruptcy will take, from the time of filing until discharge, is one of many concerns clients have when considering whether or not to file. Although this can depend on many circumstances, it mostly depends on which type, or…
Read MoreWho is not eligible for a Chapter 7 discharge?
Is It Time To File for Chapter 7 Bankruptcy Protection? Generally, the following persons are not eligible for a Chapter 7 discharge: A person who has been granted a discharge in a Ch. 7 case filed within the last 8 years. A person who has been granted a discharge in a Ch. 13 case filed within…
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