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Your Cincinnati bankruptcy attorney can to protect up to $5,000 in equity in your house per person to a maximum of $10,000.
Legal Helpers can help you keep your home, car, wages and furniture. In a bankruptcy case, your Legal Helpers Cincinnati bankruptcy attorney can use Ohio state law to protect equity in your personal property. Equity is the difference between the market value of your property and the claims held against it. Here are some of the most common types of exemptions that your Cincinnati bankruptcy attorney can use to help keep your creditors' hands off your cherished possessions. The exemptions below are intended for educational purposes only:
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Motor Vehicle Exemption - Your Legal Helpers Cincinnati bankruptcy attorney can use this exemption to protect $1,000 in value of any one motor vehicle listed in your file. Additionally, if you file with your spouse your bankruptcy attorney can use both vehicle exemptions to protect up to $2,000 in vehicle equity as long as both you and your spouse are on the title to the car.
Clothing, Textbooks, Bible, Family Pictures Exemption -- A Cincinnati bankruptcy attorney can protect $200 per item of various personal items such as your clothing and personal heirlooms up to a maximum of $2,000 per debtor.
Alimony, Support Exemption - Legal Helpers' bankruptcy attorneys may also be able to help you exempt alimony, support, or separate maintenance, to the extent reasonably necessary to help support you during your bankruptcy.
Life Insurance Proceeds Exemption -- Under this exemption Legal Helpers bankruptcy lawyer can protect 100% of a life insurance contract payable to a spouse, child or dependent.
Qualified Retirement Plan Exemption - Legal Helpers can prevent creditors from touching the proceeds of your hard-earned retirement plan when filing bankruptcy.
Tools of the Trade, Professional Books Exemption -- This is a useful exemption that we use to protect up to $750 of the tools you use in your profession.
Workers, Compensation Exemption - Legal Helpers can protect 100% of compensation you receive under Ohio workers' compensation laws. We can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability.
Wildcard Exemption; (Any Personal Property of Debtor) -- Last, but probably most important of the exemptions is the Wildcard Exemption. Using the Wildcard Exemption in your case, Legal Helpers can protect up to $400 of any type of personal property in addition to the above exemptions.