Many people, who are overwhelmed with debt, think Debt Consolidation Programs are better than Chapter 13 Bankruptcy. They could not be more wrong. Here are some major reasons why filing Chapter 13 Bankruptcy is better than Debt Consolidation Programs: 1. You Usually Pay Back Less Money in Chapter 13 Bankruptcy: In Chapter 13, the Bankruptcy Code provides you only have to pay back what you can afford after deducting reasonable and necessary expenses from your income. If you have assets with substantial equity, you can usually keep the property but you must pay back the liquidation value of ..read more

BANKRUPTCY USUALLY HELPS YOUR CREDIT Most people think filing Bankruptcy will be the death knell of their credit. In my practice as a Bankruptcy Attorney, it is the single most common concern holding people back from the Financial Freedom they so desperately want and truly deserve. I have represented people who went through traumatic events, which produced large amounts of debt, 20 or more years ago, and they are still paying those debts because they fear the consequences of Bankruptcy. The events which cause these debts are very common and, at one point on another, touch the lives of most peo ..read more

Bankruptcy is ALL We DO! We provide these Blog posts to inform people about their options based on 25 Years of Bankruptcy Experience. We are here to HELP you. All you need to do is CALL (513) 528-0200. THE EVICTION MORATORIUM IS ENDING Being served with an Eviction Notice can be one of the most harrowing of events. Since the beginning of the COVID-19 Pandemic, many people have been protected from the prospect of eviction by Federal and State Statutes and Emergency Executive Orders prohibiting evictions. For the most part, those came to an end on July 31, 2021. As U.S. News and World Report sta ..read more

Factors Affecting The Length of Chapter 13 Bankruptcy Plans    When your Chapter 13 Bankruptcy Case is initially filed, the amount of the Plan payment and the projected length of your Plan is calculated based on a number of factors including: (1) your current Income and Expenses; (2) the Estimated Amounts of Creditor Claims; and (3) the amount of the Trustee Fee and other Administrative Expenses. All of these things can change over the life of your Chapter 13 Plan which, in turn, can effect the length of your Plan and the amount of your Plan payment. 1. The Chapter 13 Bankruptcy Appl ..read more

EXEMPTION PLANNING: What are Exemptions?: Exemptions are laws which provide for the retention of certain assets by an individual even if they owe money to creditors.  Exempt assets cannot be touched by most creditors and are beyond the reach of a Bankruptcy Trustee. Exemptions are set by Federal and Ohio statutes and are intended to protect people from becoming destitute without the ability to provide for their own sustenance or basic needs.  One of my previous articles explains more about Bankruptcy Exemptions. What is Exemption Planning?: Exemption planning is the purposeful a ..read more

Credit Counseling Can Destroy Your Credit Score: For people who have high incomes relative to the amount of debt they are servicing, Credit Counseling can be a viable method of dealing with their debt.  But, for most people, Credit Counseling does not work. Most Credit Bureaus tell people that Credit Counseling has many drawbacks. One of these drawbacks is the negative effect it has on your Credit Report and your Credit Score.  While you are in Credit Counseling, you continue to rack up late payments on your Credit Report. So, if the Credit Counselor doesn’t pay the minimum payment o ..read more

Repossessions And Chapter 13 Bankruptcy: Even if your car has been repossessed, you can get it back as long as you file a Chapter 13 Bankruptcy Petition before the car is sold at auction.  Once a vehicle is repossessed, car loan lenders must provide you a notice stating when and where the car will be sold. By filing a Chapter 13 Bankruptcy Petition, the car lender no longer has the authority to sell the car and must surrender it to you.  The only requirements for obtaining possession of the vehicle, after it has been repossessed, are: (1) Proof that you filed a Chapter 13 Bankruptcy ..read more

The Bankruptcy Adversary Process Clients frequently ask what is an Adversary Proceeding in a Bankruptcy Case? It is somewhat difficult to explain to someone unfamiliar with the Bankruptcy Process, but it can best be described as a separate lawsuit filed in your Bankruptcy Case to deal with specific issues regarding dischargeability of debts, avoidance of liens and fraudulent transfers and objections by the Trustee to Discharge. The Bankruptcy Adversary Proceeding is commenced, like any other lawsuit, through the filing of an Adversary Complaint. The Debtor then has opportunity to file an Answe ..read more

Follow my blog with Bloglovin The Cincinnati Bankruptcy Court is part of the United States Bankruptcy Court for the Southern District of Ohio. Bankruptcy cases are part of the Federal Court System rather than the Courts of the individual States. So, your Bankruptcy case in Cincinnati is not administered in one of the various local County Courthouses. Furthermore, due to space constraints in the Federal Courthouse in Cincinnati, the Cincinnati Bankruptcy Court is located in the Atrium II office building.  The physical address for the Cincinnati Bankruptcy Court is: 221 E. Fourth Street Atr ..read more

One of the biggest concerns facing people contemplating Bankruptcy is what property they can keep. Chapter 13 Bankruptcy allows people to keep many things they would lose if they chose to seek bankruptcy protection under Chapter 7 of the Bankruptcy Code. In Chapter 7, a person frequently loses property when its value exceeds the Property Exemptions which the are entitle to claim in that property.   Property Exemptions are established by statutes set by both the Federal government and the various State governments. Some states allow Debtors to choose either the Federal Exemptions or the St ..read more