Many individuals worry that bankruptcy may ruin their professional lives as well as their personal lives. While it is true that bankruptcy often carries some social stigma, the law does offer some important protections to debtors when it comes to the workplace. If you have concerns about your bankruptcy’s effect on your career, the law is written in your favor.…
The strength of the court to enforce bankruptcy rights is an important, if often misunderstood, aspect of the law. Individuals who choose to pursue a Chapter 13 bankruptcy generally enjoy the right to discharge debt, outside of a relatively small list of exceptions. This means that a debtor who properly executes a Chapter 13 plan and finishes making all of…
Considering Walking Away From a Mortgage? Most Ohio residents know what it’s like to face financial challenges. In fact, you’d likely be hard-pressed to find an average citizen in the nation who hasn’t had money trouble at one time or another. Sometimes, things just get a little out of hand — perhaps, unexpected medical bills arise, or someone loses a job, and it suddenly becomes…
For many people, credit cards are a double-edged sword that might help them out of a tough spot one month, while creating a new problem later on. The truth of the matter is that many people do not truly understand the way credit cards work, and how quickly they can get out of hand. Credit cards are unsecured debt, which…
If you are like thousands of Americans, you didn’t get yourself into an unbearable debt situation through frivolous spending — you simply had bad luck surrounding medical costs. A huge number of Americans are swimming in medical debt that threatens to drown them each month. While the matter remains exceptionally politicized for individuals of every political persuasion, everyone agrees that…