What is Included in Your Chapter 13 Plan?

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Your New District Wide Chapter 13 Plan On December 1, 2016 the Bankruptcy Courts for the Southern District of Ohio instituted a new district wide Chapter 13 Plan.  There are three court locations in this district: Cincinnati, Columbus and Dayton.  Before December 1, 2016 all three court locations used different versions of the Chapter 13…

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Some Advantages of Chapter 13 Bankruptcy Cases

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While Chapter 7 might be the more “popular” way to file for bankruptcy relief there are several advantages of Chapter 13 bankruptcy.  One reason people file for Chapter 13 bankruptcy is because they  make too much money to qualify for Chapter 7.  However, there are many more reasons to file for bankruptcy protection under Chapter 13.  Some…

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The Proof of Claim – How Creditors Get Paid

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When you file a Chapter 13 bankruptcy case one of the most important responsibilities is to disclose a complete list of your creditors.  Once the case is filed this list is filed with the Court and the Court sends out a notice to each creditors listed.  Once the creditor receives notice of your bankruptcy case…

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The Auto Loan Cramdown in Chapter 13 Bankruptcy

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If you are considering filing bankruptcy and you owe more money on your automobile loan than what the vehicle is worth then you might want to look into Chapter 13 bankruptcy protection.  One aspect that is available only in a Chapter 13 case is the auto loan cramdown. As soon as you drive your vehicle…

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How to Eliminate Ohio BMV Reinstatement Fees

Are Ohio BMV reinstatement fees preventing you from obtaining a valid driver’s license?  If so, one way to address this issue is to file bankruptcy.   Your driver’s license can be suspended for a number of different reasons: (1) getting a DUI/OVI, (2) failure to appear in court or pay fees, (3) getting multiple traffic…

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Protecting 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…

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Lien Stripping in Chapter 13

Lien Stripping in Chapter 13 : Is it For You? The process known as lien stripping is the opportunity to strip an unsecured second or third mortgage, or home equity line of credit from real property, and is one of the most beneficial aspects of filing a chapter 13 bankruptcy, as opposed to a chapter 7,…

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How 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…

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Ohio Bankruptcy Law: Do's & Don'ts Before Filing

What You Do Before You File Matters in Bankruptcy If your bills are pilling up and creditors are continually harassing you, but you are unsure of whether or not filing bankruptcy is the best option for you, there are some Do’s and Don’ts which may protect some of your property if you do decide to…

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What Is A Chapter 13 Bankruptcy Discharge?

Chapter 13 Discharge: Full v. Partial A Chapter 13 discharge is a court order releasing a debtor from all dischargeable debts and ordering creditors not to collect them from the debtor. A debt that is discharged is one that the debtor is released from and does not have to pay. There are two types of…

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