Regardless of whether you live in Ohio or some other state, the ebb and flow of the nation’s economy likely impacts your personal financial situation. Many other factors also play into your current financial status, which may change as quickly as the weather if unforeseen circumstances arise. For instance, you might change jobs and incur a reduction of income. You…
When a debtor qualifies for a Chapter 13 debt reorganization, they may enjoy many protections through the bankruptcy. These include shelter from collections tactics. Unlike a Chapter 7 bankruptcy, which requires a debtor to forfeit their property to obtain a debt discharge, Chapter 13 allows debtors with sufficient income to repay all or a portion of their debt without forfeiting…
Millions of Americans currently live paycheck to paycheck. They may be one small disaster away from living on the streets. If you are one of the many Ohio residents who is struggling financially, you have likely looked into the various debt relief options available to you. You might even be confused about some of them — particularly bankruptcy. There is…
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…
Chapter 7 bankruptcy is often the easiest type of bankruptcy to qualify for, but this does not mean the process itself is simple. Those who pursue debt relief under Chapter 7 face a number of consequences and requirements, including subjecting themselves to a creditors’s meeting in the initial phases of the process. For some debtors, this meeting can carry great…
If you owe personal taxes that you cannot feasibly pay, you may qualify to discharge some or all of that debt through a Chapter 7 bankruptcy. However, like all things involving federal taxes, there are a number of very strict standards you must meet. While meeting these standards and qualifying for a Chapter 7 discharge is not simple or easy,…
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.…
Bankruptcy is a very useful form of financial relief for many different borrowers, and it is finally receiving more recognition as a normal part of doing business and living as a consumer in America. Under the protection of bankruptcy law, overextended debtors can discharge significant portions of their debt in return for restrictions on future financial privileges for a set…
When hard times arrive on your doorstep, they may not be alone. Often, a person considering a bankruptcy is also on the verge of divorce, for instance. You can ask any mental health professional and they will almost certainly agree that divorce and bankruptcy are two of the most stressful experiences that a person can endure. In such seasons of…
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…