BANKRUPTCY | Nesbitt Law Firm

Useful information from an experienced Chapter 7 and Chapter 13 bankruptcy attorney in Columbus, Ohio

Learn more about bankruptcy by choosing a blog topic below. Nothing contained in this section or on this site is considered
to be legal advice. Contact Nesbitt Law Firm today for legal advice regarding your particular situation.

Why You Should File for Bankruptcy with an Attorney

When most people think of attorney services, the first thing to come to mind is cost. Depending on your needs, the cost of an attorney can seem well outside your budget, and when you’re filing for bankruptcy, this can be a real concern. In order to save money, many people consider

What To Expect At Your 341 Meeting Of Creditors

The 341 Meeting of Creditors “341” is a mandatory statutory hearing required under the United States Bankruptcy Code. If you file for bankruptcy, you will be required to attend a 341. The purpose of this meeting is to ensure, on the record, that your testimony is 1) your own, 2) the truth, and 3) open […]

What Is Bankruptcy? What Are My Options?

Every day we are faced with decisions. Many times, there are several options and choices involved. From purchasing a new home or car, to purchasing lunch for the day, you often have limitless options to consider. However, for individuals considering bankruptcy filing, there are likely only a few bankruptcy Chapters to choose from. Why is […]

What is a confirmation hearing? What can I expect?

Overview: A confirmation hearing is a court hearing required by the Bankruptcy Code and applies to Chapter 13 cases. A confirmation hearing does not occur in a Chapter 7 case. The purpose of the confirmation hearing is to ensure all parties in interest (creditors, the trustee(s), the debtor) agree with the debtor’s proposed Chapter 13 […]

Where can I obtain my ohio vehicle title?

In a Chapter 7 bankruptcy case, if you own a vehicle, you will be required to show proof of ownership by presenting a copy of the vehicle title to the Chapter 7 case trustee. Your vehicle registration, insurance card, or lien release letter from a bank will not suffice for this proof of ownership. In […]

Keeping property in a chapter 7 bankruptcy

One of the considerations you will face as you and your attorney at The Nesbitt Law Firm determine whether a Chapter 7 bankruptcy filing is right for you, is how a Chapter 7 filing will affect the property you own. The property that you own, but are still making payments on is called collateral and […]

What are the exceptions to discharge in bankruptcy?

The purpose of filing bankruptcy is to eliminate debt. However, the Bankruptcy Code provides for certain exceptions to discharge. In other words, even if you file bankruptcy and are granted a discharge where your debt is eliminated, you may still owe certain types of debt. Only an experienced bankruptcy attorney can advise you as to […]

What will happen if I don’t file my tax return on time? What if I have taxes from past years that I still need to file?

This year, 2013 individual tax return filings are due to the Internal Revenue Service (IRS) no later than April 15, 2014. The deadline is the same for state, local, and school district taxes in Ohio. A common and unfortunate misconception for tax filers is that taxes owed do not become due until the return is […]

Can I discharge my student loans? What are my options?

What every student loan borrower, cosigner, and parent needs to know about student loans. Can I discharge my student loans? What are my options? Student loans are being dubbed as the next bubble to burst. According to 2012 reports from the Consumer Financial Protection Bureau

Does divorce inevitably lead to bankruptcy? Debt resolution strategies

For many families, divorce and bankruptcy go hand-in-hand. Finances are a huge stress factor for many couples and are often a major catalyst within many marriage breakups. Divorce is often the route that couples choose when they are facing financial difficulty within their marriage. Each spouse will often believe that the other is responsible for […]

When is the right time to file bankruptcy?

While filing for bankruptcy can be an excellent debt relief solution for many individuals and couples, sometimes the timing of filing can make or break your case. For some, it makes sense to file for bankruptcy right away; for example, when a foreclosure or vehicle repossession is right around the corner, but in other circumstances […]

My gambling problem has gotten me in debt. Can I file for bankruptcy?

Gambling is an activity that involves one person wagering something of value on an outcome that is not clear. The appeal of gambling is the chance to win something of greater value than the original bet. Some gambling enterprises are big, such as the driving industry of Las Vegas, or small, such as a friendly […]

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Laura M. Nesbitt

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