Chapter 7 Bankruptcy and Taxes

A common question that arises when people are considering filing for bankruptcy is whether their tax debt will be dischargeable.  While most tax debt is not dischargeable, there are some circumstances under which it can be. The attorneys at Fesenmyer Cousino Weinzimmer specialize in bankruptcy and have helped thousands of people in Ohio with debt relief.  We will help you better understand your financial situation and determine what debt relief plan is best for you during your fre... CONTINUE READING

What Happens When a Case Is Dismissed Without a Discharge?

When you file for bankruptcy in Ohio, you want your debts to be discharged — eliminated — so that you can receive a fresh financial start. However, there are times when situations change and you no longer wish to continue with the bankruptcy, or you made mistakes or have problems and your case winds up being dismissed and ended without discharge by the court. If your bankruptcy case is dismissed, it will still appear on your credit report. Bankruptcy will typically stay on your... CONTINUE READING

What’s the Difference between a Dismissed and Discharged Bankruptcy?

Everyone who files for bankruptcy is seeking to get out of debt. But there’s a difference between a dismissed and discharged bankruptcy case. It’s every bankruptcy filer’s goal to have their debt discharged. A discharge means that a debtor is relieved from repaying qualified debt acquired before filing for bankruptcy. In short, a discharge means that a bankruptcy filer has successfully completed the bankruptcy process, and their remaining debt is forgiven. A bankrupt... CONTINUE READING

Will Everyone Know I Filed for Bankruptcy?

Filing for bankruptcy is a significant and very personal decision. And debtors often ask, will everyone know I filed for bankruptcy? The short answer is probably not. However, bankruptcy filings are a matter of public record. This means that almost anyone can search for and locate your bankruptcy case with enough effort and time. Because bankruptcy filings are handled by courts, the filing records are considered court documents. Federal courts keep bankruptcy records. Typi... CONTINUE READING

When Should I File for Bankruptcy?

If you’re in debt and the situation isn’t improving, you may be considering bankruptcy. You’ve probably asked: When should I file for bankruptcy? The answer is different for everybody, but there are several indicators and factors to consider. There Are Many Reasons to Consider Bankruptcy Bankruptcy is designed to be a tool to help debtors obtain financial relief. There are many reasons to consider bankruptcy, but the main reason involves getting out of debt. So whe... CONTINUE READING

Bankruptcy Myths

If you are struggling to pay off debt and make ends meet, bankruptcy can provide you with protection from creditors and give you a fresh start. Still, many people are afraid to file because of myths, half-truths, and misinformation. If you are considering filing for bankruptcy, please read through the information about bankruptcy myths and contact the bankruptcy attorneys at Fesenmyer Cousino Weinzimmer for more information and representation. Call 614-228-4435 for Columbus,... CONTINUE READING

Can Creditors Garnish Wages?

If you can’t pay the money you owe, creditors may take steps to garnish your wages and withdraw money directly from your paycheck. In most situations, both federal and Ohio state laws limit garnishment to 25% of your wages, and most creditors must file a collections lawsuit in court and receive a monetary judgment first. But once the courts give them this judgment, creditors can keep collecting money from every paycheck until the... CONTINUE READING

How Bankruptcy Can Stop Car Repossession

Facing repossession of your vehicle is a scary prospect. Quite simply, you need your car to carry out day-to-day activities. So if you’re facing repossession of your car or are behind on payments, read on to learn how bankruptcy can stop car repossession. State Laws Provide Bankruptcy Exemptions Many people assume declaring bankruptcy means you lose everything. But that’s typically not the case. State laws provide bankruptcy exemptions. In Ohio, there are exemption law... CONTINUE READING

How to File for Bankruptcy in Ohio

If you are struggling financially and are overwhelmed with debts that have become unpayable, you may need a “fresh start.” Filing for bankruptcy with an Ohio bankruptcy attorney can provide just that. The bankruptcy process can put you on the road to financial recovery. Below is a brief guide on the bankruptcy process in Ohio. By understanding bankruptcy laws and speaking with our bankruptcy lawyers in Ohio, you’ll be ready for your financial fresh start.   A Clos... CONTINUE READING

Failed Business Debt and Bankruptcy

When Are Business Owners Personally Liable for Business Debt? If you own a business or are considering starting one, you might be wondering, when are business owners personally liable for business debt? Any business owner should understand if and when their personal assets and finances are at risk due to business debt. Knowing what happens to business debt when a business fails is essential for any new or potential business owners. Personal liability for business debt often depend... CONTINUE READING

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    Chapter 7 Bankruptcy and Taxes

    A common question that arises when people are considering filing for bankruptcy is whether their tax debt will be dischargeable.  While most tax debt is not dischargeable, there are some circumstances under which it can be. The attorneys at Fesenmyer Cousino Weinzimmer specialize in ba...