There are Ohio state law exemptions that are applied to any equity in any asset to protect it from the Chapter 7 trustee. The Ohio Homestead exemption is $145,425, so most homes are protected in a Chapter 7. For savings accounts, you can apply the cash on hand and the wildcard exemptions, which...Read more »
If you have filed Chapter 7 Bankruptcy can you still technically pay back or settle with a debtor during the process or must you wait till after or does it even matter? For reference, it would be a unsecured credit card debt which has a cosigner. What are the legalities involving this?
You can voluntarily repay any debt at any time but I would wait until the discharge is entered before I did it. You don’t want to open a can of worms but it is permissible for you to settle with a creditor.
If you filed a Chapter 7 about five years ago, if it was discharged, you cannot file again for another 3 years. If it was not discharged, you may be able to convert your 13 to a 7 now. Consult your bankruptcy attorney to determine the best was to proceed.
if the sale of the house? The deed was once in my sisters name but my mother put it back into her name after she got the mortgage.There are many more details and we would like to know if my mother needs to hire an attorney to protect what she has left
My friend got into trapped by purchase of car without title. He was informed by the seller that he will get the title released from the bank but still seller has not paid off the loan and title is not yet released.
Now my friend is chasing the seller but seller is not responding.... Read more »
Depending on the value of the car or how much was paid, he should file a complaint in either Superior Court or the Supreme Court. He probably should consult a local debtors rights attorney who can oversee the finer points.
I filed Chapter 7 bankruptcy. I completed everything that was needed to do so. Somewhere along the lines I got confused and sent my second course completed paperwork to my trustee instead of the courts. The courts discharged my filing. I got told that I have to resubmit. I do not have the money... Read more »
I have building, property and contents on a SBA loan that is 2 months behind as well as personal guarantees on with vendors for product and supplies. My personal / business credit card are maxed out trying to save the business.
I have recently moved to Ohio to take a new job that pays me... Read more »
I would need to know more about the business as to whether a Chapter 7 business filing is necessary or whether you should wind down the business entity outside of a bankruptcy context. Your personal guarantee leads me to believe a personal Chapter 7 or 13 may be necessary. There are rules about...Read more »
I have tried countless time to make payment arrangements on a local tax which I owe. The agency will not negotiate with me at all. The original debt was $1600. The agency tacked on any additional $1900 in fees and interest. They will only allow 18 months to pay off the debt. I have a small... Read more »
Leasing from Progressive, it cost $1300 total. I want to pay it off in 90 days. If I pay it off and then file for bankruptcy in 2-3 months will they look at the payments from a bank statement and take the property?
Not sure the "leasing" part is accurate. If you will own the laptop after it is paid off, it will be an asset and paying it prior to bankruptcy as a secured creditor (or lease) should not materially impact your case. You will have to disclose it. The issue would be that it was a "preference"....Read more »
I am filing bankruptcy come Jan or Feb (need to gather the funds, or use tax money). I have entered a progressive lease for a 1300 laptop I am using for work and for my kids for school. Should I cancel the lease? Will bankruptcy affect this?
We filed the Ch 7 in 2009, Mortgage was from 2007. We have been paying since then so we would have a place to live, but cannot afford to anymore. The original ch 7 paperwork said we intended to reaffirm- but the Mortgage company never sent anything. Will walking away affect our credit? Will we be... Read more »
Filed 10 years ago not realizing this was a secured debt and included it in chapter 7. No one ever contacted me for a reafirmation or to see what I wanted to do with it. My attorney never mentioned the lien. Is there anyway to get it removed? I thought the chapt 7 got rid of it.
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