Can I File Chapter 7 Bankruptcy in Dublin, Ohio?

A Chapter 7 bankruptcy will wipe out your debt, except student loans, child support, some taxes and certain other debts. Chapter 7 will discharge medical, credit card, utility, repossessed vehicles, and many other debts. To do Chapter 7 in Dublin, Ohio you must qualify.

Income Requirements

To qualify to file a Chapter 7 in Dublin, Ohio, you must be below the median income for your family size as set by the Means Test. The Bankruptcy Means Test looks at your last 6 months of income. A single individual would need to make less than $61,955. I household of two would need to make less than $76,131. Contact Granger Law Firm to get a free consultation and to discuss your family size and income limits.

Reaffirming Cars and Houses

When a car or house has a lien on it, you can keep these assets if you are current on payments. If you are not current on payments, contact Granger Law Firm for other options. Once bankruptcy is filed, an automatic stay protects the individual which can often lead to car and mortgage companies putting a cease to monthly billing statements. Many times, online access and credit reporting have also stopped. A reaffirmation agreement is a re-signing of the original contract that removes the vehicle or real estate from bankruptcy. The original contract terms apply- so the interest rate and payments remain the same. In Ohio- you must reaffirm a vehicle to keep it.

What If I Have Equity in my Assets?

Ohio and Dublin Ohio have certain exemptions that will protect equity in your assets. You can keep up to $161,375.00 of equity in your real estate, per person. Vehicles and money in bank accounts also have exemptions that will allow you to keep a certain value. Contact Granger Law Firm for a free valuation of your assets and income to see if you qualify for chapter 7.