Sixth Circuit Case Summaries CBA Bankruptcy Committee Meeting July, 2017 By: Paul J. Minnillo In re Phillip C. and Nekolia S. Burke, No.: 16-6603, ___ F.3d ____ (July 14, 2017). The Sixth Circuit affirmed a bankruptcy court decision requiring a chapter 7 trustee to abandon his interest in the debtors’ homestead, on debtors’ motion, where
3 benefits of hiring a bankruptcy attorney Hiring a bankruptcy lawyer can help consumers understand their rights and options, avoid filing errors and know what to expect as the case progresses. In a typical year, thousands of Cincinnati residents will navigate the complex and life-changing process of filing bankruptcy. Just during the first quarter of
Common misunderstandings about filing bankruptcy in Ohio Many consumers harbor misunderstandings about bankruptcy, including its long-term impacts, eligibility criteria and effects on different types of debt. Each year, thousands of people in Ohio turn to bankruptcy as a means of debt relief. As of March 31, 2016, over 38,000 bankruptcy cases were pending throughout the
Understanding different bankruptcy plans Ohio residents considering filing for bankruptcy should learn about the differences between Chapter 7, Chapter 11, and Chapter 13 plans. Even in an improving economy, residents and businesses alike in Cincinnati can still find themselves struggling under mounds of debt. These situations can happen to anyone and arise from different circumstances.
Would Chapter 13 be a better fit for you? If your debts have been piling up without hope of repayment, you may have already heard about how Chapter 7 bankruptcy can help you. However, you may not be as familiar with Chapter 13, as it is filed less often by individuals. Although Chapter 7 may
Stopping creditor harassment during or after bankruptcy Unfortunately, if you owe debts, you may experience creditor harassment. If this occurs, you may already know that the Fair Debt Collections Practices Act gives you significant rights regardless of whether you decide to file bankruptcy. However, what happens if the creditor harassment occurs during or after your