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December 2015 Archives

Business losses could lead to Chapter 7 in Ohio

Having a business struggle can have considerable impacts on an individual. That party may have placed a great deal of time and money into the business, and it's financial losses could lead to serious debt issues. Ohio residents may be interested in a case in another state in which a man recently filed for Chapter 7 bankruptcy due to a restaurant facing overwhelming financial issues. 

Medical debt could plague Ohio residents, bankruptcy may help

Medical emergencies can arise at any point, and individuals may be faced with considerable expenses in order to be treated for illnesses or injuries. When these expenses come about, parties may not always be able to immediately pay those expenses, even with the help of insurance. As a result, medical debt could cause individuals to face financial hardships that could seem overwhelming.

Ohio residents may be interested in bankruptcy help

When individuals face financial difficulties, bankruptcy may be an option that they wish to consider. Working to eliminate debt may not always be easy for Ohio residents, and bankruptcy options may help them understand that they could work toward a fresh financial start. However, parties must qualify for certain types of bankruptcy, and individuals may be interested in a case in another state in which the type of bankruptcy used was determined by the court.

Chapter 7 a good option for Ohio residents consumed with debt

When a Ohio business owner faces financial difficulties, he or she may be concerned over how to handle accrued debt. One man in another state recently filed for Chapter 7 bankruptcy. Reports indicated that the man is an accomplished home builder and developer. He filed bankruptcy in both personal and business-related capacities. 

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