Marysville, OH Bankruptcy Guide

Basics
- Bankruptcy Basics - (Basics)
  • How Chapter 7 Bankruptcy Works in Ohio
    How Chapter 7 bankruptcy can help you cancel your debts, protect your exempt property, and stop bill collectors.
  • What are the different kinds of bankruptcy?
    This site focuses on Chapter7 and Chapter 13. But there are also chapters 11, 12, 9, and 15
  • Glossary of Important Bankruptcy Terms
    From Adversary proceeding to Wage garnishment
  • Do I qualify for bankruptcy?
    To qualify for Chapter 7 bankruptcy, you must pass the means test, which compares your household income to the median income in Ohio for a household your size.
  • Secured debt vs. unsecured debt: What's the difference?
    Bankruptcy helps you get rid of unsecured debt. It does not eliminate secured debts, where you have pledged collateral for a loan, such as a car loan or a mortgage. When you file bankruptcy you must declare what you intend to do about your secured debts.
  • Do I need a lawyer to file for bankruptcy?
    The law does not require to have a lawyer, and if your case is simple and you have few assets, you can successfully file a Chapter 7 bankruptcy yourself. Chapter 13? Not so much. And if you have property to lose, or you're not great with details, getting a lawyers help can be a good idea, no matter what kind of bankruptcy you're filing. Also a lawyer may find ways to help that you haven't' thought of
  • Where do I file for bankruptcy?
    Bankruptcy is federal law and you file in the local Federal District Bankruptcy Court. Find out yours.
  • Can I get free bankruptcy forms?
    The US government makes PDF bankruptcy forms available for free. We'll tell you which ones you need and links to download them.
  • What are bankruptcy exemptions?
    Asset protection is an important benefit of bankruptcy. Exemption laws are the laws that let you protect certain assetss from creditors. Every state has different exemptions. Some states allow you to use the federal exemptions.
  • Do I have to get credit counseling before I file for bankruptcy?
    Yes. You must complete a credit counseling course before you file your bankruptcy petition. Fortunately, it's easy and can be done online. And your case cannot be completed (i.e. you can't get your "discharge order" from the judge until you take a "Debtor Education" course.
  • What is a 341 hearing (creditors meeting)?
    Everyone who files for bankruptcy must attend a 341 hearing, which is also called a "creditors meeting." The meeting is conducted by the bankruptcy trustee assigned to your case. During the Coronavirus, it. can be done by phone.
Filing Means Test Exemptions Courts
- Bankruptcy Lawyers Serving Marysville, OH - (Lawyers)
- Bankruptcy & the Coronavirus Recession - (COVID-19)
- Bankruptcy News - (News)
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Marysville, OH Bankruptcy Guide

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Ohio Bankruptcy Exemptions - Detailed

Ohio Exemptions Summary:

Homestead

Real or personal property used as residence to $145,425 (adjusted for inflation every 3 years, April 1, 2019)

Vehicle Exemption

Motor vehicle to $4,000 (adjusted for inflation, April 1, 2019).

Personal Property

Animals, crops, books, musical instruments, appliances, household goods, furnishings, firearms, hunting & fishing equipment to $575 per item; jewelry to $1,700 for 1 or more items; $13,400 total.
Cash, money due within 90 days, tax refund, bank, security, & utility deposits to $500 total (husband & wife may double)
Implements, books, & tools of trade to $2,550.
(Note: Adjusted for inflation every 3 years; current amounts as of April 1, 2019.)

Wild Card

$1,325 of any property (adjusted for inflation, April 1, 2019)

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