Bowling Green
131 East Court St.
Bowling Green, OH 43402
419-352-2535
Rossford
932 Dixie Highway
Rossford, OH 43460
419-666-7130
The bankruptcy attorneys at Spitler Huffman law firm have substantial experience representing clients in bankruptcy. Located in Bowling Green and Rossford, Ohio we are dedicated to serving clients in Northwest Ohio including Wood, Henry, Hancock, and Sandusky Counties. If you live in Bowling Green, Findlay, Perrysburg, Napoleon, Port Clinton, Fremont, Rossford, or other areas in Northwest Ohio and need bankruptcy assistance, contact us today.
Starting on April 1, 2019 there were new exemption limits for filing Chapter 7 Bankruptcy.
The new federal chapter 7 bankruptcy exemptions are as follows:
| Exemption §552(d) | Current Exemption Amount | New Exemption Amount |
|---|---|---|
| Household | $600.00 Per Item $12,625.00 Total | $625.00 Per Item $13,400.00 Total |
| Homestead | $23,675.00 | $25,150.00 |
| Personal Injury | $23,675.00 | $25,150.00 |
| Life Insurance | $12,625.00 | $13,400.00 |
| Motor Vehicle | $3,775.00 | $4,000.00 |
| Trade | $2,375.00 | $2,525.00 |
| Jewelry | $1,600.00 | $1,700.00 |
| Wild Card | $1,250.00 $11,850.00 Homestead Carryover | $1,325.00 $12,575.00 Homestead Carryover |
The new Ohio chapter 7 bankruptcy exemptions are as follows:
| Exemption (2329.66) | Current Exemption Amount | New Exemption Amount |
|---|---|---|
| Cash | $475.00 | $500.00 |
| Homestead | $136,925.00 | $145,425.00 |
| Household | $600.00 Per Item $12,625.00 Total | $625.00 Per Item $13,400.00 Total |
| Jewelry | $1,600.00 | $1,700.00 |
| Motor Vehicle | $3,775.00 | $4,000.00 |
| Personal Injury Awards | $23,700.00 | $25,175.00 |
| Professional Books & Tools of the Trade | $2,400.00 | $2,550.00 |
| Wildcard | $1,250.00 | $1,325.00 |
If you think bankruptcy may be in your best interest, please give us a call today to set up a free consultation.