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…
When a person chooses to pursue a bankruptcy under Chapter 7, he or she only usually has to forfeit some of his or her personal property in the process. In fact, many individuals are quite surprised to learn just how many types of property enjoy some sort of exemption under bankruptcy law. If you’re considering using Chapter 7, be sure…
After you file for bankruptcy, you may worry that you’ll never have good credit again. Fortunately, this does not have to be true, if you take proactive steps to improve your credit. A bankruptcy will certainly hurt your credit in the short term, but the damage does not have to last forever. With time and careful, consistent work, you can…
If you’re considering a bankruptcy, it can feel overwhelming. This is a reasonable response to overwhelming debt, but not a helpful way to move forward. For many people, simply choosing a type of bankruptcy is a stumbling block in the path to a financial clean slate. For private individuals, Chapter 7 and Chapter 13 bankruptcies both offer financial relief, but…
Many people, including, perhaps, some in Ohio, go through life trying to avoid thinking about their problems in the hope that they’ll eventually go away. Others, perhaps yourself included, prefer to meet their problems head-on. You might consider yourself somewhere in between these two extremes, but when it comes to financial trouble, evidence suggests that waiting too long to do…
Many college students are unable to fully fund their education through scholarships and savings, which is why thousands of students graduate college already deep in debt with student loans. Student loans are quite common, but many people who take on this debt do not realize the significant impact that it can have for years, even decades down the road. If…
For many people, filing for bankruptcy can feel like a jumping off a cliff and not knowing what waits at the bottom. If you are considering bankruptcy, this fear can keep you from moving forward and creating a real second chance for yourself. Among the other things that worry people about life after bankruptcy is whether or not they’ll ever…
When a person begins to consider a bankruptcy, often he or she has many concerns about which pieces of his or her property can be exempted from the process. Persons with various investments have a good deal of homework to do if they want to fully understand which of their investments may withstand the process and which face the greatest…
When you begin to consider filing for bankruptcy, it is understandable that you may have many concerns about what you’ll have to give up in exchange for a fresh start, especially when it comes to your home or retirement assets. While a Chapter 7 bankruptcy does require you to liquidate assets in order to discharge some or all of your…
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…