New Bankruptcy Law - Northern Ohio - Chapter 7 & Chapter 13 Bankruptcy Laws

Warning: Do not wait until October to file your bankruptcy.
If you do it may be impossible to find any attorney who can file your case on time. We expect to be extremely busy at that time.

New Bankruptcy Law Summary (Read CNN article on the New Bankruptcy Law)

Current Bankruptcy Law Eligible for Ch 7 if your expenses meet or exceed current income	New Bankruptcy Law Not eligible for Ch 7 if your income is over the state median income and you can pay at least $100 monthly. May not be eligible for bankruptcy for 6 months after job loss. Read US Census Median Income Figures
Your actual expenses are ok	Strict IRS collection guidelines dictate how much you can spend on home, car etc. Read IRS Home Guidelines Read IRS Food and Other Guidelines
Affordable	The new law requires attorneys to certify The accuracy of your petition. More attorney time and expense will be involved. Attorney fees will increase. The filing fee also increases.
Actual notice to creditors Ok	Strict notice requirements allow creditors to continue collecting against you after filing bankruptcy even if they know about your bankruptcy.
No classes required	Two classes required
Not required to provide tax return to creditors	Required on request. Failure = mandatory dismissal.

Click here to view –
Sections of the Bankruptcy Code Amended by the Bankruptcy Reform Act/Bankruptcy Abuse Prevention and Consumer Protection Act

Blake Brewer,
Ohio Bankruptcy Attorney

Need a quick answer or want to make an appointment...

Quick Contact Form >

Member of the National Association of Consumer Bankruptcy Attorneys.

p 216.642.8234
f 216.642.8235
blake@blakebrewerlaw.com

Independence Place
4807 Rockside Road
Suite 400, 4th Floor
Independence, OH 44131

Click here for map and directions

The information contained on this site is not legal advice.
Consult with an attorney before taking action based upon
what you have read here.

Ohio Bankruptcy Site Map

Understanding Ohio Personal Bankruptcy

Ohio Chapter 7 Bankruptcy

Ohio Chapter 13 Bankruptcy

Top Five Myths about Filing Bankruptcy

Mistakes to avoid when filing for bankruptcy

Alternatives to Filing for Bankruptcy

How to File for Bankruptcy in Ohio

New Bankruptcy Law:

25 Changes in the New Bankruptcy Law

Effects of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Understanding the Radical Bankruptcy Code Changes

Synopsis of Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

Helpful Resources:

Credit Report

Ohio Bankruptcy FAQs

Ohio Bankruptcy Exemptions

Ohio Bankruptcy Forms

Ohio Bankruptcy Courts

National Bankruptcy Attorney Directory

Bankruptcy Glossary

This website is designed, optimized, and maintained by the Salmon Roe Club, Web Marketing Agency

New Bankruptcy Law - Northern Ohio - Chapter 7 & Chapter 13 Bankruptcy Laws

Northern Ohio Bankruptcy Lawyer

The New Bankruptcy Law

Current Bankruptcy Law

Eligible for Ch 7 if your expenses meet or exceed current income

New Bankruptcy Law

Not eligible for Ch 7 if your income is over the state median income and you can pay at least $100 monthly.

May not be eligible for bankruptcy for 6 months after job loss.

Your actual expenses are ok

Strict IRS collection guidelines dictate how much you can spend on home, car etc.

Affordable

The new law requires attorneys to certify The accuracy of your petition. More attorney time and expense will be involved. Attorney fees will increase. The filing fee also increases.

Actual notice to creditors Ok

Strict notice requirements allow creditors to continue collecting against you after filing bankruptcy even if they know about your bankruptcy.

No classes required

Two classes required

Not required to provide tax return to creditors

Required on request. Failure = mandatory dismissal.

Member of the National Association of Consumer Bankruptcy Attorneys.

The information contained on this site is not legal advice. Consult with an attorney before taking action based upon what you have read here.

Ohio Bankruptcy Site Map

Required on request.
Failure = mandatory dismissal.

The information contained on this site is not legal advice.
Consult with an attorney before taking action based upon
what you have read here.