Updates to Chapter 7 Bankruptcy Income Limits and Exemptions

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.

As of November 1, 2018 there have been several updates to the Chapter 7 Bankruptcy Income Limits and Exemptions.

Ohio Income limits (after 11/1/2018);

	1 Earner	2 People	3 People	4 people
Ohio	$48,441.00	$60,822.00	$73,182.00	$87,321.00

Ohio Income Limits (Before 11/1/2018):

	1 Earner	2 People	3 People	4 people
Ohio	$48,596.00	$60,834.00	$70,529.00	$85,294.00

Wood County Housing and Utility Allowance** (After 11/1/2018);

1 Person			2 People			3 People
Utilities	Mortgage/Rent		Utilities	Mortgage/Rent		Utilities	Mortgage/Rent
$491	$890		$576	$1,046		$607	$1,102

4 People			5 or More
Utilities	Mortgage/Rent		Utilities	Mortgage/Rent
$677	$1,229		$688	$1,248

** Exceptions Apply; Please seek the advice of counsel for more detailed information.

Public Transportation Expense Limit  $178

Vehicle Operating Costs

1 Car	2 Cars
$196	$392

Vehicle Ownership Costs

1 Car	2 Cars
$497	$994

If you think Bankruptcy may be in your best interest, call us today for a free consultation.

-Posted by LAF