Chapter 13 Bankruptcy Questions | Bankruptcy Lawyer at Thompson and DeVeny, Co., LPA in Dayton

Can a foreclosure be stopped by filing a Chapter 13?
Will they take all of my stuff if I file a Chapter 13?

Q: Can a foreclosure be stopped by filing a Chapter 13?

Yes. When a Chapter 13 bankruptcy is filed, typically an automatic stay goes into effect. The automatic stay is a provision of the Bankruptcy Code that prohibits creditors from continuing any collection activities or proceeding with any actions including foreclosures and repossessions.

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Q: Will they take all of my stuff if I file a Chapter 13?

When you file a Chapter 13 you are entilted to keep all of your exempt property. In Ohio your exempt property is determined by both federal and state law. Ohio recently increased the amount of property you are allowed to keep. Lester Thompson wrote an article for the Dayton Bar Association magazine explaining the new exemption laws. See his article in the Articles section of our website. If you have non-exempt property in a Chapter 13 you are required to repay your creditors an amount equal to the value of the non-exempt property. If you have non-exempt property that you want to keep a Chapter 13 could be an option. Contact our office for a free consultation with an experienced bankruptcy lawyer in Dayton.

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Thompson & Deveny Co., LPA, assists clients with Divorce, Estate Planning, Family Law, Personal Bankruptcy, Probate & Estate Administration, The New Bankruptcy Law, Predatory Lending and Consumer Law matters in the State of Ohio, including the counties of: Champaign, Clinton, Clark , Darke, Greene, Miami, Montgomery, Preble, Shelby and Warren; and the cities of: Urbana, Mechanicsburg, St. Paris, Wilmington, Sabina, Springfield, New Carlisle, Enon, South Charleston, South Vienna, Greeneville, Versailles, Bradford, Arcanum, New Madison, Beavercreek, Fairborn, Wright Patterson Air Force Base, Bellbrook, Xenia, Jamestown, Cedarville, Bowersville, Troy, Piqua, Covington, Dayton, Vandalia, Centerville, Riverside, Kettering, Miamisburg, West Carrollton, New Lebanon, Huber Heights, Oakwood, Englewood, Trotwood, Clayton, Germantown, Brookville, Eaton, Eldorado, West Manchester, Camden, Somerville, New Paris, Sidney, Russia, Houston, Botkins, West Chester, Lebanon, Springboro, Franklin, Carlisle and Waynesville.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.