If you are one of the numerous Ohio residents who is struggling from pay check to pay check, you have likely looked at instant money solutions. Payday loans are extremely popular, but are they a risk worth taking? There is nothing like being short on cash when an emergency strikes or when money runs out between pay checks. A payday…
Chapter 13 bankruptcy allows an individual with significant debt and significant income to halt collections practices by creditors and restructure his or her finances to pay the debt down over time. While abiding by the strict guidelines laid out for a Chapter 13 restructuring, some debtors may place a stay on collections regarding child support or spousal support, but the…
After discharging debt in a Chapter 7 liquidation, a debtor may sometimes need additional relief from his or her debt. While it is possible for a single person to receive multiple discharges under Chapter 7, it requires special planning and patience. There are a number of actions a debtor may take that could invalidate a second Chapter 7 procedure, leaving…
When a couple chooses to get divorced, knowing how to handle a spouse’s credit card debt held within the marriage is often very difficult. While this is normal, that does not diminish how vitally important it is to make sure a person understands his or her relationship to their spouse’s debt before he or she rushes into the divorce process.…
There are many unpleasant consequences to owing a significant amount of debt. From dealing with constant harassment from creditors to facing threats of foreclosure, it can be both stressful and overwhelming for an Ohio consumer. This is especially true when you start losing part of your paycheck to wage garnishment. While it may seem hard to believe, it is actually…
Chapter 7 bankruptcy holds the legal power to grant some consumers with untenable debt a clean start, financially speaking. When Chapter 7 works effectively, a debtor follows the strict guidelines that apply to the process and receives much needed relief from overwhelming debt. With this relief, consumers have the opportunity to reset their financial lives and rebuild their lives from…
Regardless of how you identify politically, there’s a good chance that you and nearly everyone else in the country can agree on at least one thing: the cost of healthcare is currently very high. For many seniors, the costs of healthcare are gutting their retirements, leaving them with barely any resources once they pull through an injury or sickness. In…
Throughout your life you may have heard stories of people who found themselves in difficult financial situations. These stories may have resulted in you becoming very aware of your own finances as you became an adult, and you may have worked hard to stay on top of your financial obligations. However, just like any other Ohio resident, you could find…
If you rent your living space rather than own it, it is important to understand your options and rights as a tenant when you consider bankruptcy. Depending on many factors in your rental history and your financial needs, you may need to take very specific actions to receive all the benefits a bankruptcy offers. Bankruptcy can help you get back…
Many Ohio consumers have at least some debt, but you may find that you are in a position in which you can no longer effectively manage the debt that you have. There are many unpleasant consequences to having debt, unpaid bills and owed balances, and one of these is the threat of repossession of your vehicle. Depending on the types…