It can be disheartening and overwhelming to know that you cannot manage your debt on your own. This feeling of helplessness may only get worse when you fall behind on your mortgage, eventually receiving threats of foreclosure from creditors. The threat of losing your home can make you feel like all hope is lost, but you may still have an…
Filing for bankruptcy can be an emotionally exhausting process, and building a life for yourself after a bankruptcy procedure is a difficult task. Some of the difficulties you may face are very practical, but others are more personal, and deal with your approach to living and owning property. While many people come to bankruptcy because of circumstances beyond their control,…
People consider bankruptcy for many reasons, and one of the most common reasons for bankruptcy in the United States today is medical debt. Often, however, individuals consider bankruptcy not because of their own medical debt, but because of the debt of a parent. Before you file for bankruptcy because of a parent’s medical debt, be sure to consult with an…
If you are constantly dealing with overwhelming debt and worry that you may never make it back into the positive, you’re likely also searching for debt relief options. The reality is that many people have been in your shoes at some point in life, and although your circumstances may be different, the answer to your debt problems could be the same. If you are…
After a bankruptcy, many people fear that their credit will never recover. While it is true that bankruptcies do deal a harsh blow to your credit score, this harm does not last forever, and you can begin rebuilding your credit immediately. If you are considering a bankruptcy and have put it off because of the potential damage to your credit…
Chapter 7 is often an excellent way to discharge many kinds of debt if you fall behind and making payments becomes unfeasible. However, there are a number of debts that Chapter 7 cannot usually discharge. One of the most commonly misunderstood debts is educational debt, which is not typically dischargeable. However, there are some circumstances in which you might be…
If you are one of the many Ohio residents who does not have the means to pay off your debts, you are not alone. Struggling to meet debt obligations is something that happens to numerous people at some point in their lives. The question is, what will you do about it? There are various debt relief options that may be…