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Posts tagged "Trustee"

Unraveling some of the facts of filing for bankruptcy

Bankruptcy is an established traditional remedy in which the government in effect declares that it's better for an individual or married couple to get a fresh start rather than to suffer incessantly in the destructive hold of overwhelming debt. Consistent with that policy, a filing for bankruptcy in a federal court in Ohio allows generally for the elimination of all unsecured debt, and for the reorganization of secured debt that has gone into arrears. A debtor with only unsecured debts such as credit cards and medical bills will usually want to file a Chapter 7. One requirement is that debtors must pass a 'means test' initially to prove that they cannot afford to pay their debts.

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35 East 7th Street,
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Cincinnati, Ohio 45202

Phone: 513-729-7196
Fax: 513-621-6402
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Colerain, OH 45247

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