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As a Troy, Ohio bankruptcy attorney, I often find that potential clients do not understand bankruptcy counseling requirements. With very few exceptions, anyone who is filing Chapter 7 or Chapter 13 bankruptcy must participate in both pre-bankruptcy counseling and pre-discharge counseling. The exceptions are: Active military service member in combat zone Emergency filing to stop […]

One of the most common questions people ask themselves and experienced Troy, Ohio bankruptcy attorneys when considering filing for bankruptcy is whether they should file, or if they should consider other alternatives. This is a difficult question that really has no set answer. Determining whether bankruptcy is right for you depends on many things, so it’s […]

Nerd Wallet recently reported on rates of personal bankruptcies across the US, both for states and counties. Among states, Ohio ranked tenth for personal bankruptcy filings, with a rate of 322 per 100,000 residents between April 2015 and March 2016 (Tennessee had the highest rate at 553 per 100,000). There shouldn’t be a stigma attached […]

Single or married farmers or fisherman, farm or agriculture corporations, LLCs, or partnerships are eligible to ask for debt relief and reorganization under Chapter 12 bankruptcy. The eligibility criteria for Chapter 12 are fairly stringent. 50% of debts must be from the farming operation, and 50% of the annual income must also be from the […]