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…
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…