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Can I Keep My Home If I File Bankruptcy in Ohio?

Ohio law allows homeowners to keep up to $2,200 worth of real or personal property. Homeowners can elect to apply the entire $2,200 toward the equity in their home. If they have more than $2,200 worth of equity in their home then the bankruptcy court might require that the homeowner sell the home in order to satisfy creditors who do not have a security interest in the property.

Speak to an Experienced Foreclosure and Alternatives Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

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