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Section 2117.15 | Payment of debts - report of insolvency. If it appears at any time that the estate is insolvent, the executor or administrator may report that fact to the court, and apply for any order that the executor or administrator considers necessary because of the insolvency.
(A) A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment.
Chapter 2117 | Presentment Of Claims Against Estate No part of the assets of a deceased shall be retained by an executor or administrator in satisfaction of the executor's or the administrator's own claim, until it has been proved to and allowed by the probate court.
(B) A person who obtains a judgment against another person may garnish the property, other than personal earnings, of the person against whom judgment was obtained, if the property is in the possession of a person other than the person against whom judgment was obtained, only through a proceeding in garnishment and ...
Section 1319.12 | Taking assignment of debts. (A)(1) As used in this section, "collection agency" means any person who, for compensation, contingent or otherwise, or for other valuable consideration, offers services to collect an alleged debt asserted to be owed to another.
No Probate for Very Small Estates: "Summary Release from Administration" No probate at all is necessary if the estate is worth less than $5,000 or the amount of the funeral expenses, whichever is less.
Non-Probate Property in Ohio Real estate held in joint or survivorship form. Assets and property with a transfer-on-death designation. Insurance proceeds with a named beneficiary. Payable-on-death bank accounts. Assets held in trust.
Section 2117.11 | Rejection of a claim. Notice by mail shall be effective on delivery of the mail at the address given. A claim may be rejected in whole or in part. A claim that has been allowed may be rejected at any time after allowance of the claim.