As a resident of Ohio, you have several options to look into if you are considering filing for bankruptcy. For example, Chapter 7 bankruptcy offers relief from certain debts by allowing you to discharge them. However, it is crucial to note that not every debt you...
Bankruptcy
Who could benefit from Chapter 13 bankruptcy
Ohio residents who are considering filing for bankruptcy may also be wondering which type of bankruptcy will work best for them. Chapter 13 has many benefits, but it tends to work better for a certain set of people.The United States Courts lists out the...
What 5 things should you do after bankruptcy?
Now that your bankruptcy period has ended in Ohio, you likely want to reestablish your credit as quickly as possible. How you go about doing this, however, can make all the difference.Here, per Credit.com, are the five steps — in order — that you...
How getting a divorce can lead to bankruptcy
Getting a divorce is not just emotionally draining; it can also significantly strain your finances. According to research by the Center for Economic Studies, divorce is one of the leading causes of bankruptcy, next to job loss and medical bills. Ending your marriage...
Medical expenses: A major cause of bankruptcy
Across the United States, more than 770,000 people filed for bankruptcy in 2018, according to the U.S. Courts. Nearly 500,000 of those cases involved liquidation bankruptcy or Chapter 7, which wipes clean most financial debt people owe to various creditors. One major...
What can bankruptcy’s automatic stay protect you against?
As an Ohio resident who is facing mounting bills that have become more than you can reasonably manage, you may be wondering what you can do to escape the seemingly constant barrage of phone calls from creditors and debt collectors. You may, too, have heard that...
3 ways to cope with your bankruptcy emotions
As you know, living can be extraordinarily expensive. If you have a mortgage, a car payment, student loans, consumer debt and outstanding medical bills, your financial liabilities may be downright crippling. Fortunately, there may be a way for you to regain your...
How do you file for bankruptcy in Ohio?
Your bankruptcy will probably start with questions and end with a clearer financial future. Do you need to file for Chapter 7 or Chapter 13? Do you have assets you could sell off before you begin the bankruptcy process? Have you paid debts that the court could...
Recognizing illegal debt collection practices
Feeling overwhelmed by debt can prove stressful enough, but if you are also the target of persistent calls from creditors, you may feel as if you are at your wit’s end. Some debt collectors may try to use less-than-ethical means in their attempts to get you to pay...
Bankruptcy and your small business
Business owners regularly face a plethora of challenges, especially those who run a small business and are experiencing financial strain. As a small business owner, you may be worried about how the debt you have taken on will impact your business in the months and...