When individuals decide to file for bankruptcy, they may face a myriad of emotions as a result. Though bankruptcy can be a frustrating process and the prospect of a temporary credit score dip can be scary, filers also often find relief in knowing that certain assets...
Month: April 2013
A personal injury settlement is not disposable income in Chapter 13
In the case of Connor v. Carroll, Case No. 12-1139 (6th Cir., 1/15/13)(unreported), the Sixth Circuit Court of Appeals based in Cincinnati, held that proceeds from a personal injury claim which was pending at the time of the filing of the debtors' chapter 13...
Adjusted Ohio exemptions go into effect on April 1
This is no joke - the tri-annual adjustment of exemption amounts set forth in Ohio Revised Code section 2329.66 goes into effect on April 1, 2013. Exemptions are laws which allow people who file for bankruptcy to protect their assets. After this change, more of an...
