Can My Income Affect The Type Of Bankruptcy I Can File?

Yes. If your income is above the median income for a family the size of your household in your state, you may have to file a Chapter 13 (“debt adjustment”) case.  The median income figures are state specific and change … Continue reading

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What Kinds Of Bankruptcy Are There?

There are four types of bankruptcy cases provided under the law: Chapter 7 is known as “straight” bankruptcy or “liquidation.” It requires a debtor to give up property which exceeds certain limits called “exemptions,” so the property can be sold … Continue reading

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What Is Bankruptcy?

Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in … Continue reading

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When Filing Bankruptcy, What Is Property Except?

In determining whether property is exempt, you must keep a few things in mind. The value of property is not the amount you paid for it, but what it is worth now. Especially for furniture and cars, this may be … Continue reading

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If I File Bankruptcy, Will I Lose My Home Or Car?

In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep … Continue reading

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I Live in Ohio. Will I Lose Everything If I File Bankruptcy?

In a Chapter 7 case, you can keep all property which the law says is “exempt” from the claims of creditors. The exemption law that applies to you depends upon the state you reside in. If you live in Ohio, … Continue reading

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I Live In Kentucky. Will I Lose Everything If I File Bankruptcy?

In a Chapter 7 case, you can keep all property which the law says is “exempt” from the claims of creditors. The exemption law that applies to you depends upon the state you reside in. If you live in Kentucky, … Continue reading

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Lazy Banks Lose Out

The downturned economy and after-effects of the mortgage crisis have taken a toll on Cincinnati.  Drive through a West-side neighborhood and you will see countless foreclosures and blighted properties.  Due to irresponsible lending practices, many Ohio homeowners were forced into … Continue reading

Posted in Bankruptcy, Credit, mortgage

Attorney Brian D. Flick Attends Bankruptcy Bootcamp

Brian D. Flick, an attorney with Godbey & Associates, recently attended Max Gardner’s Bankruptcy Bootcamp. The Bootcamp is a 4-day intensive training course in the Bankruptcy Litigation Model which covers all areas of litigation in a consumer bankruptcy case.  Topics … Continue reading

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What Is The Fair Debt Collection & Practices Act?

The Fair Debt Collection and Practices Act (FDCPA) prohibits debt collectors from using abusive, decep­tive, and unfair debt collection practices. If a consumer receives an abusive call from a debt collector, he or she can inform the caller that they … Continue reading

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