The prospect of facing bankruptcy can be overwhelming on nearly every level. It is normal, even expected, for you to be weighed down by the process. The good news is that it is never too early to begin looking past bankruptcy and preparing yourself for life on the other side. Building a new life after a bankruptcy is just as…
Bankruptcy is an important legal tool that can be used to grant an individual a fresh start when they find themselves in over their head financially. However, some people see bankruptcy as a means to protect themselves after a series of unscrupulous business dealings. Just such a scene recently began to play out for a woman with a reputation for…
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…
Even great ideas come to an end sometimes, and the bankruptcy filing of The Limited store chain demonstrates that it can happen to anyone. The chain, which focused on professional attire aimed at women in the workplace, was founded more than 50 years ago right here in Ohio. However, the business model was built around the shopping mall experience, which…
Just about everything in life has its pros and cons. Filing for Chapter 13 bankruptcy is no different. If you are considering a bankruptcy filing, it is okay to take the time to determine if the positives of taking such a step outweigh any potential negatives. An experienced bankruptcy attorney can assist Ohio residents in deciding what, if any, legal…
For many debtors, the weight of their debt can grow beyond what they are able to handle. Sometimes, filing a bankruptcy petition can be the most viable solution to their problems. Bankruptcies all have different positives and negatives, making it necessary to fully understand what each form of bankruptcy will or will not discharge. Chapter 7 bankruptcies are an excellent…
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…
Credit cards can be useful for the average Ohio consumer, but when the balance becomes unmanageable, this can eventually snowball into a serious financial problem. Credit card debt is one of the most common types of debt because many people use their cards when cash flow is limited, or they depend on credit in the event of an emergency. If…
On of the many advantages of employing a bankruptcy procedure is the ability of the courts to discharge a debtor’s debts under exceptionally difficult circumstances that are deemed beyond the control of the debtor. This component of bankruptcy is referred to as a hardship discharge. Just such a circumstance was demonstrated recently in a surprisingly literal manner when an attorney…
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?…