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Category: Bankruptcy Law
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Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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I bought a computer desk about 10 months ago on a newly opended

Resolved Question:

I bought a computer desk about 10 months ago on a newly opended store account for $1,000. I am now filing for bancrupcty. Will I be required to pay remaining $700 balance? Can I choose to give the item back to the store if required to pay?

I also bought a computer in last year on another store account.

I live in OH

Submitted: 6 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 6 years ago.
You will not have to pay the $700, and most likey keep the property as Ohio has certian exemptions for personal property.

In Ohio, you can keep Animals, crops, books, musical instruments, appliances, household goods, furnishings, hunting & fishing equipment & firearms to $200 per item, $1500 total ($2000 if no homestead claimed)
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