Legal Question in Bankruptcy in Ohio
Bankruptcy exemptions
In Ohio if I owe 30000 dollars in credit card debt and owe 40000 dollars on a home and have a income of SSI at 1250 dollars per month can I file bankruptcy and keep my home if I still pay on the 40000 dollars?
Asked on 4/19/02, 9:40 pm
1 Answer from Attorneys
David Weilbacher, Esq.
Attorney at Law
Re: Bankruptcy exemptions
It all depends on how much equity you have in your home. You are entitled to an exemption of $5000. If you have equity far in excess of $5000, you may have a problem. I can't tell you more without knowing the entire picture.
Answered on 4/23/02, 6:36 pm
Related Questions & Answers
-
Mortgaged property My home has been appraised at $175,000 and my first mortgage is... Asked 4/10/02, 7:21 pm in United States Ohio Bankruptcy Law
-
Joint Tennancy What happens to accounts held in joint tennacy when bankruptcy is... Asked 3/11/02, 10:55 pm in United States Ohio Bankruptcy Law
-
Bankruptcy options I would like to know what the bankruptcy options are for the... Asked 3/07/02, 5:38 pm in United States Ohio Bankruptcy Law
-
Tax refund under $1000 Is a tax refund of 700$ exempt from bankrupctcy... Asked 2/08/02, 9:28 am in United States Ohio Bankruptcy Law
-
Affirmation in 98 I filled chapter 7.I reaffirmation on a siguture loan to keep my... Asked 1/08/02, 11:46 pm in United States Ohio Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
