In this video, the Administrative Office of the United States Courts explains the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcy.
The Administrative Office of the United States Courts has created a series of videos regarding bankruptcy. Here is the first video in the series, which explains the bankruptcy process.
Although bankruptcy is governed by federal law, the Ohio exemption laws determine in large part what property, or rights in property, that you can keep if you file bankruptcy. The exemptions are the same, whether you file for Chapter 7 or Chapter 13 bankruptcy. The exemptions will allow you to keep the following rights in…Read more
Your right to receive an income tax refund is considered an asset on the date you file for Chapter 7 Bankruptcy. The Chapter 7 Trustee may take a pro-rata portion of the income tax refund you will receive from filing your next income tax return. For example, if you file for Chapter 7 on October…Read more