Government-backed student loan debt almost always survives a bankruptcy discharge.  Unless you are severely, permanently disabled and unable to work, your loans will likely still be there long after the court grants your discharge.  So, is there any benefit to filing for bankruptcy if your school loans are overwhelming?  A Chapter 13 Plan Dayton, Ohio […]

  What is Chapter 7? Chapter 7 discharges most debt.  According to the U.S. Bankruptcy Code, Chapter 7 bankruptcy will, in most cases, discharge an individual’s debt. In fact, it is estimated that a discharge of debt is received in 99 percent of Chapter 7 bankruptcy cases. This form of bankruptcy is often referred to […]

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), the laws governing filing for bankruptcy were changed to make it more difficult for consumers to have their debts discharged under Chapter 7 of the Bankruptcy Code. Now, when you file your Chapter 7 bankruptcy petition, you must also file along with it […]

When you die, will your property be sold to pay your creditors? Are your loved ones required to pay your debts even if you don’t have enough assets to cover your debts? Because the answers to these questions can be complicated depending on your situation, it is important to seek the advice of an experienced […]

After filing for Chapter 7 or Chapter 13 bankruptcy, you’ll need to meet with your creditors about a month after the filing date in what’s called a 341 meeting.  It’s important to be prepared for the 341 meeting and comply with the requests made by your bankruptcy trustee so that the bankruptcy process proceeds as […]