When filing bankruptcy typically all, or a majority, of your debts are discharged and you are no longer responsible for these debts.  A reaffirmation agreement comes into play when you are dealing with secured creditors (i.e. car loans, mortgages, etc.).  When you reaffirm a debt you are signing a contract making you responsible for that debt after…

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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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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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Can Tax Debt Be Discharged in Bankruptcy? “Tax debt is not dischargeable in bankruptcy,” is the assumption of many people faced with looming delinquent notices, but luckily that assumption is not entirely correct and relief may be available.  Non-dischargeable tax debt includes debts for unpaid property taxes and any debts associated with unpaid income taxes,…

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Some debt stays with you no matter what… The list below sets out the most common types of debt which are not dischargeable under a Chapter 7 bankruptcy filing, with each type requiring a thorough examination in light of your particular financial circumstances.  The information provided here is to be viewed as a general overview which may…

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“Secured Creditor“ Sounds important, maybe scary, but remember –knowledge is power. A secured creditor is a creditor with a valid mortgage or lien against the property of a debtor, such as a mortgage, home equity loan, or car loan.  Property of the debtor that is encumbered by a valid mortgage or lien is called secured property. A secured…

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Unsecured Creditors and their Treatment under Chapter 7 An unsecured creditor is a creditor without a valid lien or mortgage against property of the debtor, usually credit card companies or medical debt.  If the debtor has non-exempt assets, unsecured creditors may file claims with the court within 90 days after the first date set for…

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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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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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