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What is property exempt from bankruptcy in Ohio?

April 26, 2017Bankruptcy exempt Ohio Property

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What is property exempt from bankruptcy in Ohio?

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If you are filing bankruptcy in Ohio, some of your property may be exempt. Property that is exempt is unable to be seized by the bankruptcy trustee or by creditors in order to repay a debt. Property without exemption may be seized, sold and the funds used to repay creditors. Each state’s laws are different and, unless you file properly, you may miss out on protecting some of your assets.