Atwater, OH asked in Bankruptcy for Ohio

Q: I'm over 30,000 in debt i own my mobile home out right just had my 2014 car repo. can i file bankrupcy.

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1 Lawyer Answer
Kenneth L. Sheppard Jr.
Kenneth L. Sheppard Jr.
  • Bankruptcy Lawyer
  • Columbus, OH
  • Licensed in Ohio

A: Your question is very broad, but I'll try to share some general information with you. Filing a bankruptcy has several requirements or components to it. The first question would be which type of bankruptcy may be appropriate given your overall situation. A Chapter 7 involves qualifying you and determining whether your assets are protected. A Chapter 13 deals with feasibility. Your debt has to be classified as unsecured or secured, and if unsecured, then whether it is to be given priority. The homestead exemption in Ohio would be applicable to your mobile home as long as it is your primary residence. The debt related to your repossessed vehicle would be dischargeable. You should speak with a knowledgeable bankruptcy attorney as he or she can evaluate your issues in greater detail and give you more specific advice.

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