When a person who has accumulated a great deal of credit card debt passes away, the survivors may suddenly be thrust into a very uncomfortable situation. Whether they expected it or not, the decedent’s creditors, or possibly third party collectors, will take many steps to try to convince the survivors of the individual who owed the credit card debt to…
If you have overwhelming debt, you undoubtedly think about your unpaid balances on a regular basis. You may wonder how you can get out from under your liabilities in a timely and effective manner. Because the debt itself can cause you to experience significant stress, your situation may worsen if you begin to feel harassed by debt collectors. Though collection…
Even if your finances frustrate you and the debt you carry is a burden, the thought of declaring bankruptcy may leave you with too many questions. Most pressing of all those concerns may revolve around the uncertainty of what will happen to you after the completion of the bankruptcy. Will you ever get out from under the stigma of having…
Credit card debt has a way of piling up while you’re not looking and eating up every spare cent of your income once you do see it. Thousands of individuals throughout the country feel as though they are drowning in credit card debt, and understandably so. The good news is that the situation is rarely as dire as it feels…
Did you know that cancer treatments are a leading cause of medical debt in Ohio and across the country? A cancer diagnosis is a devastating thing for anyone to face. Not only is it mentally and physically challenging to fight, but it can also have a significant impact on an individual’s and family’s financial situation. If you or a loved…
Chapter 7 bankruptcy can offer a struggling business some excellent options for settling untenable debt. Sears department stores have been circling some form of bankruptcy for a while, but many industry insiders believed that the company would file under Chapter 11. If the company moves forward with Chapter 7, shareholders could be left with no consolation prize. For a larger…
Chapter 13 bankruptcy is often misunderstood, but with proper care, it can be a lifesaving tool. In broad strokes, Chapter 13 is a way to create a structured payment plan to make good on your debts, while putting a halt to collection tactics. “But doesn’t a bankruptcy discharge debt,” you might be asking? Yes and no. Not all debts are…
Starting your own business can be a rough road to travel, and for many business owners, the idea simply fails to get off the ground. There are numerous reasons why this might be, but whatever the reason, a failed business idea does not have to dismantle your entire life. Many business owners file for bankruptcy to keep a failing business…
Facing substantial debt can leave you feeling a myriad of emotions. You may wonder how you could get out from under the outstanding balances you owe and feel considerable stress due to constant creditor calls. This stress can have significant effects on multiple areas of your life, including your overall health. Therefore, you may wish to consider exploring bankruptcy and…
Bankruptcy is often thought of as a process where people declare that they have no money and a court allows them to cancel their debt. In reality, the process is far more complex than this, and sometimes a person may take actions that are not permitted, complicating or canceling the bankruptcy entirely. An elected official in a Chicago suburb, who…