Making a living can be tough at times. Some people finally hit that curve at just the right time and are able to cross over from barely making it to living very comfortably. Others hit the curve and crash, finding themselves in a literal, broken situation, and bankruptcy seems to be the only option. Although there are several types of bankruptcies, the average person or family falls into one of the two major forms: Chapter 13 or Chapter 7. The latter is the one that shall be focused on. An attorney who helps clients with Chapter 7 Bankruptcy in Hamilton OH sympathizes with those who are so financially wrecked, that all debts possible must be canceled. Here is information that such people should know about Chapter 7 in Ohio.
In a Chapter 7 bankruptcy, the good news is that the debtor gets to start all over again. The assets of the debtor are sold and distributed to the creditors in a fair manner. The trustee who oversees this process will get a commission for his or her handling of the debtor’s estate. However, certain debts may not be discharged, even under the Chapter 7.
If there is unpaid child support or alimony payments, they still must be paid in a Chapter 7. If there is a debt, that is incurred because of personal injury or death due to a DWI, that cannot be discharged either. Student loans may not be discharged unless it would cause extreme hardship (this must be proven). Other scenarios that the debtor still must be responsible for include fines and penalties for breaking the law, income tax debts, and debts that were not mentioned.
Dean Snyder, Attorney-At-Law, has been providing bankruptcy solutions for clients in Hamilton, Ohio, Fairfield, Ohio and the surrounding areas. The law firm has been lending support to all kinds of legal, financial problems for over 25 years. The law office can help clients determine the best bankruptcy option to select for a given situation. If the need arises for an attorney to represent you for a Chapter 7 Bankruptcy in Hamilton OH, there is an attorney who can help. Visit Dean Snyder Attorney At Law.
