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Various Blogs regarding Cincinnati Family Law, Estate Planning And Bankruptcy.

At Bailey & Gunderson, our attorneys help people going through some of life's most difficult challenges. We bring our experience, skill and creativity to every case, taking on all types of Family Law including Divorce, Bankruptcy, Probate and Estate Planning issues.  Learning that most people ask the same questions - this blog is our way of providing some general legal information.  Feel free to contact our Cincinnati Law Offices to discuss your specific situation. 

 

Today is “Be Kind to Lawyers Day”.

Lawyers are essential to the workings of society and the justice system. “Be Kind to Lawyers Day” encourages people to be kind to all those who practice law and make sure that the legal system in this county works smoothly. Even though the legal profession is one of the oldest professions, lawyers have been subject of jokes and are viewed as a necessary evil by the public.

“Be Kind to Lawyers Day” attempts to dispel this myth and raises awareness about the constructive and important role lawyers play in ensuring that a society functions smoothly. It always helps to have a lawyer on your side!

Provided by the attorneys at Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

 

Be Kind to Lawyers

LEGAL NEWS YOU CAN USE FROM THE DESK OF MICHAEL S. BAILEY, ATTORNEY-AT-LAW.

If you have questions, call me at (513) 631-0022.

Did you know that you are allowed to keep assets in a Chapter 7 or Chapter 13 bankruptcy?

Ohio has recently enacted new exemption laws. These new exemption laws have application in Chapter 7 and Chapter 13 bankruptcies. Under the exemption laws, you are entitled to retain up to certain limits of the value of your assets in a bankruptcy.

For example, you are allowed to retain up to $145,425.00 per person of equity in real estate, and $4,000.00 per person of equity in automobiles. You are also entitled to retain 100% of the value of your retirement plans, such as pensions, 401k’s, IRA’s, etc.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood and Western Hills. Phone: (513) 631-0022.

 

What Property Can I Keep In Bankruptcy

VISITATION ISSUES

LEGAL NEWS YOU CAN USE FROM THE DESK OF MICHAEL S. BAILEY, ATTORNEY-AT-LAW.

One of the most difficult questions presented to a family law attorney from a client is the question whether a child must have parenting time with the other parent when the minor child has expressed his or her desire not to do so. This question arises frequently during the holidays.

A parent should always follow the current order of the court unless an extreme situation exists such as a situation concerning the safety of the child.

If the facts warrant, a parent may seek a modification of the parenting order to address this issue. A parent seeking modification of the parenting order may have to retain an expert, such as a child psychologist, to support their request for modification of the parenting order. Alternative methods of resolution may include mediation or settlement conferences.

Since this is a very complicated issue, you should consult with an experienced attorney for an evaluation and advice on how to proceed concerning the modification of a parenting order.

If you have questions, call me at (513) 631-0022.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood and Western Hills. Phone: (513) 631-0022.

 

Visitation Problems

A LAW TO PROTECT PERSONS FROM BEING SUED FOR DAMAGES BY THE OWNER OF AN AUTO WHO HAVE LEFT THEIR PET INSIDE THE AUTO?

LEGAL NEWS YOU CAN USE FROM THE DESK OF MICHAEL S. BAILEY, ATTORNEY-AT-LAW.

If you have questions, call me at (513) 631-0022.

A bill has been introduced in the State of Georgia Senate to protect persons who damage an auto from being sued by the owner of the auto for damages. This law would apply when a person tries to protect a pet left in the auto and damages the auto during hot days and other distressful times.

Let’s hope that the bill passes and that other states pass similar laws. See the following link for more information: https://www.msn.com/en-us/autos/news/new-law-would-protect-people-who-save-dogs-from-hot-cars/ar-BBTsJl3?li=BBnbfcL&ocid=U452DHP .

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

 

Dogs

REDEMPTION IN A CHAPTER 7 BANKRUPTCY

LEGAL NEWS YOU CAN USE FROM THE DESK OF MICHAEL S. BAILEY, ATTORNEY-AT-LAW.  If you have questions, call me at (513) 631-0022.

A “redemption” allows a debtor in a Chapter 7 bankruptcy to retain personal property (autos, household goods, jewelry, etc.) that is collateral for a secured debt. It’s possible for a debtor in a “redemption” to pay a secured creditor significantly less than the amount of the debt owed the secured creditor. However, the debtor must pay the fair market value of the collateral to the secured creditor.

By way of an example, if a debtor owes a secured creditor $10,000 for an auto and the fair market value of the auto is $4,000, the bankruptcy code permits the debtor in a “redemption” to pay the secured creditor $4,000 while eliminating the remaining balance of $6,000 owed for the secured debt ($10,000 - $4,000). Note that the amount due the secured creditor in a “redemption” must be paid in a lump sum. There are lenders who specifically make loans to debtors to “redeem” an auto or other personal property for a “redemption”.

A “redemption” can realize significant savings for the debtor and allows the debtor to retain the secured collateral while eliminating some debt. Want to know more? Give me a call.

This insight into the law is provided by Michael S. Bailey, Esq. of the law firm of Bailey & Gunderson Co., L.P.A., with offices in Norwood and Western Hills. Phone: (513) 631-0022.

Bankruptcy C

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