Under Chapter 7 bankruptcy law, the court may dismiss your case if it believes that relief is unwarranted based on your financial circumstances. 11 USC § 707(b)(1) reads: After notice and a hearing, the court, on its own motion or on a motion by the United States trustee, trustee (or bankruptcy administrator, if any), or […]
The Binding Effect of Chapter 13 Confirmation Under the legal doctrine of judicial estoppel, once a Chapter 13 bankruptcy plan has been confirmed, all issues relating to the confirmation of that plan have been resolved. 11 USC § 1327(a) states: “The provisions of a confirmed plan bind the debtor and each creditor, whether or not […]
Are Support Payments Dischargeable in Ohio? A dischargeable debt is one that can be eliminated during bankruptcy, meaning that you are no longer required to pay it off. However, some debts are non-dischargeable, meaning that you will be responsible for them in full, even after bankruptcy. Under 11 USC § 523(a)(5), payments for spousal support […]
Using Ohio Bankruptcy Exemptions Bankruptcy exemptions allow you to prevent certain amounts of your property from being sold off in order to satisfy your debts. Under Ohio bankruptcy law, the “wildcard” exemption allows you to exempt up to $1,150 in any property of your choice. This means that you can apply this $1,150 to any […]