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

Can Bankruptcy Stop Vehicle Repossessions and Lawsuits for Vehicle Debt?

If your creditors file a lawsuit and get a judgment against you, they are allowed to repossess your vehicle and other property, foreclose on your home, and garnish your wages. Not only can you lose the house you live in or the car you have relied on to get to work, but you also lose the value you already made in payments. Fortunately, it can take several months for creditors to get a judgment, so you have time to act to protect your property. Even if your vehicle has... CONTINUE READING

Protecting Your Firearms in Bankruptcy

If you are a gun owner who is worried about losing your weapons when filing for bankruptcy, there is good news. Both Ohio and federal bankruptcy laws exempt certain property, so your guns may be part of the property you wind up keeping. Most of the time, the federal property exemption is large enough to protect your firearms; but what is even better is that Ohio is one of the states that specifically names firearms in its list... 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...