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What are the steps I need to take to file for bankruptcy in Ohio?

Picture of Chris Battis By   ·  1 minute read

To file for bankruptcy in Ohio, you will need to follow the steps outlined below:

  1. Determine which type of bankruptcy to file: There are two common types of bankruptcies: Chapter 7 and Chapter 13 bankruptcy. Chapter 7 bankruptcy allows for the discharge of your unsecured debts such as credit cards, medical bills, and personal loans. Chapter 13 bankruptcy allows for the restructuring of your debts and a repayment plan that lasts for three to five years.
  2. Complete a credit counseling course: Prior to filing for bankruptcy, you must complete a credit counseling course from an approved agency. This course will help you assess your finances and explore alternatives to bankruptcy.
  3. Gather all relevant financial information: You will need to gather all relevant financial information, including your debts, assets, income, expenses, and tax returns.
  4. File your bankruptcy petition with the court: You must file your bankruptcy petition with the appropriate bankruptcy court. You may need to pay a filing fee, which varies based on the type of bankruptcy you file.
  5. Attend the 341 Meeting of Creditors: Within 3-6 weeks of filing your bankruptcy petition, you will be required to attend a 341 Meeting of Creditors. At this meeting, your creditors may ask you questions about your financial status, and a bankruptcy trustee will review your case.
  6. Complete a debtor education course: After the 341 Meeting of Creditors, you must complete a debtor education course from an approved agency.
  7. Receive a discharge of debts: Once you complete all of the necessary steps and the court approves your case, you will receive a discharge of your debts. This means that you are no longer legally responsible for paying the debts that were included in your bankruptcy.

It is important to note that there are certain limitations to filing for bankruptcy, such as certain debts that cannot be discharged and other potential consequences such as damage to your credit score. Additionally, bankruptcy law can be complicated, so it is recommended that you seek advice from a licensed attorney before proceeding with your bankruptcy case.