When a person faces foreclosure, it is very easy to make a serious financial blunder because of the enormous personal and financial pressures that accompany the foreclosure process. In desperation, many individuals find hope in the offerings of disreputable businesses that scam homeowners already in a dire situation. It is important to know the warning signs of a foreclosure scam…
Do you ever think back to when your Ohio business was just a dream? If so, you might recall the various challenges you encountered and overcame to bring that dream to fruition. It’s hard to believe more than a decade has gone by. Like many people who built their own businesses from the ground up, you wouldn’t change a thing.…
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…
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…
Bankruptcy is an extremely important part of our financial laws, allowing for a hard reset in instances when circumstances or unwise choices lead an individual to unbearable financial strain. The possibility of bankruptcy itself affects the way that interests rates for various types of lending get calculated, as lenders all have to account for bankruptcy when considering risk of the…
Overwhelming amounts of debt can place you under a significant financial burden, potentially leaving you to face a multitude of challenges. In addition, constant phone calls and collection letters may only add to your current stress, and you could be suffering a lesser quality of life as a result. All this could leave you yearning for relief, but with numerous…
What Assets Can You Keep in Bankruptcy? Filing for bankruptcy is never an easy decision. One of the most common things that hold Ohio residents back from making this often beneficial decision is the fear of losing personal property. While this is a normal fear, people who file for Chapter 7 bankruptcy often find themselves relieved to learn that they…
If unanticipated financial issues caused your mortgage payments on your Cincinnati home to fall behind, you might have tried other options, such as refinancing or working out a modified payment plan. If your lenders refused to accommodate you, you could deny them the pleasure of foreclosing on your property by filing for personal bankruptcy. Your mortgage holder will advise you…
Debt is one of the true horrors of the modern world. As we become more unavoidably connected, personal debt takes on an eternal life that makes it almost impossible to outrun, even legitimately. As debt moves from one creditor to a second and third and so on, the context of the original debt becomes lost, leaving only raw information in…
For over 30 years Robert Goering has been teaching the Bankruptcy Law Class at Chase College of Law. This is part of the 2016 exam that was recently administered covering Bankruptcy Law. Test your knowledge… a. You can file Chapter 7 every ______ years. b. A Chapter 7 Trustee finds assets to administrate in almost every Chapter 7 bankruptcy case?…