Ohio Bankruptcy
If you’re overloaded with debt and considering filing bankruptcy, a local Ohio bankruptcy attorney can help you decide whether it’s right for you.
Connect to an Ohio bankruptcy lawyer today—for free and with no obligation—by plugging in your ZIP code below.
Filing Chapter 7 Bankruptcy in Ohio
If you’re living in Ohio and struggling with debt, you may have considered filing for Chapter 7 bankruptcy. This page is designed to help you understand the basic exemptions provided by Ohio bankruptcy law and to connect you with a bankruptcy lawyer practicing in your area of Ohio.
Connect with an Ohio bankruptcy lawyer right now by filling out the above free online case evaluation form and check out the below information about Ohio bankruptcy laws.
Ohio Bankruptcy Law
Chapter 7 bankruptcy is sometimes called “liquidation” because a Chapter 7 bankruptcy trustee is permitted to convert to cash (liquidate) non-exempt possessions by selling them. Any money raised can be used to pay off creditors. To get a better idea, you may want to review the list of Ohio exemptions below.
The following items cannot be sold by a bankruptcy trustee:
Homestead: Up to $20,200 worth of real or personal property.
Wages: 75 percent of weekly earnings.
Vehicle: One motor vehicle worth up to $3,225.
Personal Property:
- Up to $10,725, with no single item worth more than $525, worth of books, animals, crops, musical instruments, firearms, hunting and fishing equipment.
- Up to $1,350 of jewelry.
- Up to $2,025 for tools of the trade.
Questions? Consult an Ohio Chapter 7 Bankruptcy Attorney
Knowing what Ohio’s exemptions are and understanding how to interpret them are two different matters. If you’re unclear about how to calculate the value of your home or personal possessions, don’t fret. An Ohio bankruptcy lawyer may be able to help you determine where you stand.
And, thanks to Chapter7.com, getting in touch with an Ohio lawyer practicing in your region is easier than ever.
All you have to do is fill out the above free online case evaluation form or call us at 877-226-6844. We’ll put you in touch with an Ohio bankruptcy attorney today.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.