Legal Question in Bankruptcy in Ohio
Bankruptcy chapter 7
I am 66 years old and on social security, my wife is 62 and disabled we have many medical bills and credit card bills totalling about 30,000 and an income of 2200.00 per month can we file chapter 7 and discharge our debts without any loss of income we rent our home our car is free of debt.
Asked on 1/16/07, 12:29 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: Bankruptcy chapter 7
Your social security and disability income is exempt from attachment by the trustee, but you are only allowed to exempt $1000 in value for your car. The rest of the equity must be purchased back from the trustee if you want to keep the vehicle. Please contact me if I can be of help.
Answered on 1/16/07, 1:14 pm
Related Questions & Answers
-
Filing Bankruptcy Need to file Chapter 7 Asked 12/16/06, 8:17 am in United States Ohio Bankruptcy Law
-
Civil Suit Can you file a civil suit against someone who has filed bankruptcy? What... Asked 12/14/06, 6:00 pm in United States Ohio Bankruptcy Law
-
Chapter 13 and keeping your home We are currently building a new home, and trying... Asked 11/27/06, 2:13 pm in United States Ohio Bankruptcy Law
-
Retaining property my neighbor filed ch. 7,02/05,and was discharged 05/05; and i... Asked 11/20/06, 7:05 am in United States Ohio Bankruptcy Law
-
Social security & retirement penison can credit card companys take your social... Asked 11/15/06, 5:42 pm in United States Ohio Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
