Tag Archives: fresh start

Dayton Bankruptcy Attorney Zachary Bushatz: The Bankruptcy Timeline

Are you considering filing for bankruptcy?  Have you wondered how long it will take?  Do you want to know what timelines apply to your case?  I have created this bankruptcy timeline to help you understand what happens in your bankruptcy case and when it happens.  If you are like most people, you probably believe you have no rights or protection available and are going to end up losing everything important to you including your job.  This is not the

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Dayton Bankruptcy: Frequently Asked Questions

English: Part of Title 11 of the United States...

What is bankruptcy?  

Bankruptcy is a federal law designed to get you a fresh start, free from harassing creditor phone calls, lawsuits, repossessions and garnishments. It is a privilege granted to you under the United States Constitution. It is a very powerful law because it forces your creditors to permanently wipe out your debts (chapter 7) or to accept a repayment plan which you have proposed (chapter 13).

Will I lose my property if I file for bankruptcy? 

No, as [Read the full post. . .]

Ohio Bankruptcy Filing Fees Set to Increase November 1st

At its September 2011 session, the Judicial Conference increased the “Title 11 Administrative Fee” from $39.00 to $46.00.  Because the Administrative Fee is a component of the total fee for filing a bankruptcy petition, the total petition filing fee will increase in each chapter by $7.00 beginning November 1, 2011.  Currently, the filing fee for a Chapter 7 bankruptcy is $299.  This will increase to $306 on November 1st.  Likewise, filing fees for a Chapter 13 bankruptcy will [Read the full post. . .]

Dayton Bankruptcy Report: Banks Ramp Up Foreclosure Process in Third Quarter

Foreclosure Sign, Mortgage Crisis

After a drop in foreclosures the first part of this year, the number of U.S. homes that received a first-time default notice during the July to September quarter increased 14 percent compared to the second quarter of the year, according to RealtyTrac Inc.  This increase signals that banks are moving more aggressively against borrowers who have fallen behind on their mortgage payments since last fall when foreclosure processing problems emerged.  Foreclosure activity began to slow in the fall of 2010 [Read the full post. . .]

Dayton Bankruptcy Law: Discharging Student Loans

Seal of the United States bankruptcy court. Ch...
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Discharging Student Loans Based On Undue Hardship

Generally, student loans are not dischargeable in bankruptcy. They are one of the few debts that categorically remain with a debtor once they have completed their bankruptcy.   In the past, some privately funded student loans could be discharged under Chapter 7 bankruptcy.  However, with the change in the law with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, any education loan that qualifies for a tax [Read the full post. . .]