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I Owe My Parents Money. Should I Pay Them Back Before Filing for Chapter 7 Bankruptcy?
I Owe My Parents Money. Should I Pay Them Back Before Filing for Chapter 7 Bankruptcy?

When people fall on hard times, personally or financially, it is natural for them to turn to family members and friends for assistance. If you have borrowed money from any family members and end up filing for bankruptcy, you may be tempted to try to pay them back first. ...

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Blog Posts By Category

    • I Owe My Parents Money. Should I Pay Them Back Before Filing for Chapter 7 Bankruptcy?

      When people fall on hard times, personally or financially, it is natural for them to turn to family members and friends for assistance. If you have ...

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    • What Happens if I Transfer My Paid-in-Full Car to My Mother Before Filing for Bankruptcy?

      If you recently transferred property (especially valuable property) out of your name, you might wonder if you should hold off filing for bankruptcy. ...

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    • Know Your Rights to Protect Yourself from Debt Collection Scams

      It’s an unfortunate reality that numerous debt collection scams are used to prey on unsuspecting victims across the United States. Under the Fair Debt ...

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    • The Effects of Separate vs. Marital Property in Ohio

      In some states, spouses’ property is classified as community property, which means it is all jointly owned. But in Ohio, as in many states, there is a ...

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    • Big Changes Regarding Spousal Support in Ohio

      Ohioans who pay spousal support will see changes in their taxes in the coming years due to the new tax plan passed by congress and signed into law by ...

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    • Tips to Help Your Children Cope with Divorce

      Divorce causes emotional strain on everyone involved, but it is often most difficult for children. Young people may be unable to fully grasp why the ...

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    • Estate Planning Basics

      It is a myth that estate planning is only for the wealthy. If you have a family or own property, you need an estate plan to ensure that your wishes ...

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    • Long-Term Care May Provide a Viable Plan for the Future

      Nearly 11 million Americans require some type of long-term health care (LTC) each year, whether in a nursing facility or in-home care. Yet, most ...

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    • What Happens to Your Estate If You Die Without a Will in OH?

      When an Ohio resident dies without a will, or intestate , the laws of intestate succession are used to determine who will inherit the estate. The law ...

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    • Consequences of Signing an Acknowledgement of Paternity at the Hospital

      Under Ohio law, if a married couple has a baby, the husband is automatically referred to as the legal father of the child. However, if the couple is ...

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    • Parenting Time Cannot Be Stopped for Nonpayment of Child Support

      It is understandable for parents to get frustrated and angry when a former partner falls behind on child support payments. However, a custodial parent ...

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    • Tax Consequences of Earned Income Tax Credit and Dependent Exemptions

      For divorced couples with children, it is important to understand the differences between the Earned Income Tax Credit and dependent exemptions. The ...

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    • Adoption and Foster Care by LGBT Singles and Couples

      Michelle and Katrina have three children. They are all the biological children of Katrina, and Michelle is the only other parent they have ever known. ...

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    • Kinship Adoption

      The majority of domestic adoptions involve placement with grandparents and other relatives. In Ohio this is referred to as kinship adoption . There ...

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    • Recognizing the Signs Elder Abuse

      Thanks in part to advances in medical treatment, people in America live longer today than they did just a decade ago. Research shows that by the year ...

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    • How Important is a Will?

      When a person dies without a Will (intestate), this can lead to undesirable consequences. It is important to be aware of these issues and to safeguard ...

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    • The Basics of Making a Valid Will

      Making a Will allows you to make important decisions about how to organize and distribute your assets when you pass away, ensuring that you retain ...

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    • Where Divorce Meets Probate - Some Things to Consider

      During the course of the divorce process, there are an overwhelming number of issues to resolve. Once the dust has settled — and it does eventually ...

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