Ohio Bankruptcy Lawyers
Ohio bankruptcy laws may help you secure your financial future
Don't wait to take control of your financial future. Bankruptcy is designed to give you a fresh financial start, even if your debt feels like it's out of control and running your life.
In Ohio, bankruptcy may be used to clear debt related to your home mortgage, credit cards, car loans, medical bills and more. It could be just what you need to get your life back on track.
Find out how bankruptcy may help you during a free case evaluation with an Ohio bankruptcy near you. Complete the free form on this page or call, toll free, 877-833-2410 to connect right now.
Filing Bankruptcy in Ohio
The bankruptcy laws in Ohio provide options. Bankruptcy is divided up into chapters, each of which works in a different way to help clear debt.
The two main types of personal bankruptcy in Ohio are Chapter 7 and Chapter 13.
Chapter 7 bankruptcy is typically the fastest form of bankruptcy. It usually takes few months and it may be able to totally wipe out all of your credit card debts, as well as any outstanding medical bills, utility bills and personal loans.
It's designed to help people with little regular income. In fact, Chapter 7 doesn't require you to make any regular payments to a trustee, account or creditor.
Chapter 7 may also help protect your property with Ohio's exemptions. Chapter 7 exemptions are the reason there is rarely a forced sale of any property in a Chapter 7 case. Exemptions outline the types and amounts of your property that are fully protected, and includes:
- Up to $20,200 of real or personal property
- 75 percent of weekly earnings
- $3,225 for one motor vehicle
- Up to $10,725 worth of books, animals, crops, musical instruments, firearms, hunting and fishing equipment
- Up to $1,350 of jewelry
- Up to $2,025 for tools of the trade
Chapter 13 may offer even stronger property protections. In fact, you may also use Chapter 13 to address debt related to your home and cars. Bankruptcy is designed to help you get back on track if you're behind on payment for these big items.
Chapter 13 may also help you stay in your home. In most cases, the automatic stay kicks in the moment you file any chapter of bankruptcy. This puts an instant halt to any pending foreclosure, repossession or lawsuits. It also stops wages garnishment and harassing phone calls and letters from creditors on debts included in the bankruptcy.
You should have this protection for the duration of your case, even if it lasts several years, as many Chapter 13 cases do.
Speak with an Ohio Bankruptcy Lawyer Today
You don't have to struggle against debt any longer. You can take real action today to fight back and retake control of your life.
Bankruptcy has helped hundreds of thousands of people eliminate their debt. Will the laws in Ohio be able to help you? Get answers to all of your questions by speaking with a local bankruptcy lawyer. Your lawyer can explain how bankruptcy works, and take you through the process step by step.
For your free case evaluation with an Ohio bankruptcy attorney near you, simply complete the form on this page. Or, call toll free, 24-hours a day, 877-844-2410 to connect right away.
Find out today how bankruptcy was designed to clear debt.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.