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July 2020

how many times can you file for bankruptcy

How Often Can You File for Bankruptcy?

By | Bankruptcy, Ohio, Toledo | No Comments

Filing for bankruptcy is a huge decision. It’s also one that will have an effect on your credit score and financial health for years to come. While most people who file for bankruptcy aim to never do so again, things happen, and you may experience another financial emergency at some point in your life. If you have previously filed for bankruptcy and are considering doing so again, here’s what you should know about how often filing for bankruptcy is allowed. 

How Often Can You File for Bankruptcy?

You can actually file for bankruptcy as many times and as often as you’d like–there’s no penalty for doing so. However, the primary reason that debtors file for bankruptcy–to receive a discharge of their debts–cannot be pursued without limit. While you may be able to file for bankruptcy as often as you’d like, you can only receive a discharge of your debts after a certain amount of time has passed between your last discharge. 

What You Should Know About Bankruptcy Discharges

The amount of time that must pass between one bankruptcy discharge and another depends on the type of bankruptcy for which you’re filing and the type of bankruptcy for which you filed previously. For example…

If you’re filing for a Chapter 13 bankruptcy and you previously filed for a Chapter 7 bankruptcy, you will need to wait four years from the time that your debt was originally discharged until your current debts can be discharged. If you’re filing for Chapter 7 bankruptcy and previously filed for Chapter 13 bankruptcy, you’ll need to wait six years between discharges. Chapter 7 to Chapter 7 is an eight-year wait time, and Chapter 13 to Chapter 13 is only two years

I Need Debt Relief Now–What Should I Do?

For many people who are drowning in debt, the idea of having to wait another year, let alone another two, four, or six years, to file for bankruptcy and receive a discharge of their debts can be terrifying. If you need debt relief now, it’s best to talk to an attorney or a financial professional who can review your options and provide you with qualified advice. While you may not be able to file for bankruptcy and receive a discharge as often as you’d like, other options include:

  • Consolidating your debt;
  • Working out a payment plan with creditors;
  • Refinancing your mortgage;
  • Modifying your loan terms;
  • Creating a financial plan; 
  • Liquidating assets to pay creditors; and
  • More.

Our Attorneys Can Help

At the law office of Groth & Associates, we understand that debt is more than burdensome–it’s terrifying. If you are thinking about filing for bankruptcy but have already filed for bankruptcy in the past, it’s smart to talk to an attorney to discuss your options. To schedule a free consultation with our experienced bankruptcy lawyers, please send us a message using the intake form on our website or call us directly. Our law firm is here to provide you with sound legal advice and representation.

cost of divorce in Ohio

Who Pays for a Divorce in Ohio?

By | Divorce, Ohio, Toledo | No Comments

Getting a divorce is not only an emotional undertaking but also a financially taxing one. Indeed, even if your divorce is resolved quickly and without much conflict, there will still be some fees and costs incurred during the process, including filing fees, court fees, and attorneys’ fees. The longer your divorce drags on for and the more contested it is, the more expensive that it will be.

Some couples wind up spending tens of thousands of dollars on their divorce. If you’re getting a divorce, it’s important to have an understanding of the various costs that you’re likely to incur throughout the process and who may be responsible for paying for them. Here’s what you should know–

Costs in a Divorce

The costs that you incur during a divorce will depend on how long your divorce takes to settle, whether or not your divorce is contested or uncontested, how much you spend on outside costs (such as experts’ fees), and how much your divorce attorney charges. For obvious reasons, the more complex your divorce case is and the longer it takes to settle, the more expensive it will be. 

Common costs that are associated with a divorce include:

  • Attorneys’ fees;
  • Divorce filing fees;
  • Fees for expert witnesses, private investigator services, etc.;
  • Court reporter fees during deposition;
  • Fees associated with acquiring and copying documents; and
  • More.

You might also incur fees in the form of conciliatory services, such as court-ordered mediation or family therapy costs. 

Who Pays for Costs in a Divorce?

Going into an Ohio divorce, it’s best to assume that you’ll pay for your own costs associated with the divorce, and your spouse will pay for their own costs. For example, you’ll pay your own lawyer and they’ll pay theirs; you’ll pay for any expert services you hire, and they’ll pay for theirs, etc. However, there may be shared costs in a divorce, such as the costs of court-ordered mediation. What’s more, one spouse may be much more financially able to afford the costs of a divorce than the other, leading to inequity in the process. When this is the case, the court may order one spouse to pay for some or all of the other’s legal fees associated with a divorce. For example, if one partner in the relationship is the primary breadwinner for the family and is ordered to pay ongoing spousal maintenance to the other, this spouse may also be ordered to pay for the other’s attorney and other legal fees during the divorce. 

Contact a Divorce Attorney to Learn More

If you have questions about paying for a divorce and whether or not you will be responsible for paying for your spouse’s legal fees or whether your spouse may be ordered to pay for yours, it’s best to speak to an attorney. Having a firm understanding of how much a divorce may cost as you enter the divorce process is strongly recommended, regardless of who may end up paying for it.

To learn more about getting a divorce in Ohio and the services offered by our experienced Ohio divorce lawyers, please call Groth & Associates today or send us a message requesting a consultation.

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