Foreclosure & Alternatives Law

Can I Keep My Home If I File Bankruptcy in Ohio?

Ohio law allows homeowners to keep up to $2,200 worth of real or personal property. Homeowners can elect to apply the entire $2,200 toward the equity in their home. If they have more than $2,200 worth of equity in their home then the bankruptcy court might require that the homeowner sell the home in order to satisfy creditors who do not have a security interest in the property.