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According to NPR, the rate of seniors filing bankruptcy is on the rise. Since 1991, the number of people over the age of 65 filing has tripled, and this group has different concerns than younger filers. For older individuals filing for bankruptcy, there has to be an...
According to the Administrative Office of the U.S. Courts, over 380,000 Americans filed for bankruptcy in 2022, and over 18,000 of those were in Ohio. The decision to file for bankruptcy is a significant one, carrying both relief from crushing debt and serious...
Altering the terms of a loan can help people facing high-interest rates, unrealistic payment plans or sudden life changes. Whether you are trying to attain financial stability or are struggling to keep up with loan payments, modifying a loan could be a potential...
Bankruptcy is a process where people can receive assistance with their debts by liquidating some of their assets. Although the thought of filing for bankruptcy is worrisome to many people, its goal is to help people get back on their feet and make a fresh start....
When debts and other monthly payment obligations become too much to handle, it can seem like you have limited options for how to make ends meet. Filing for bankruptcy is one such option, but the word itself carries somewhat of a negative connotation in casual...
There are a lot of different types of business bankruptcies. Unique factors affect each and can make certain ones better for your business than others. Here is what you need to know about business bankruptcies and how they can affect your company. Chapter 7 One of the...
When you start to notice signs that you may need to file for bankruptcy, you may initially feel overwhelmed. If taxes or penalties start to build up and you want to look more into another option, following a few steps while learning more about bankruptcy can help....
Medical debt is the reason for a vast majority of bankruptcy cases, and it is generally treated like any other unsecured debt. Whether or not you pay any portion of medical debt after bankruptcy approval depends on the type of bankruptcy you file. Chapter 7 and...
Medical bills often cause families to struggle with overwhelming debt burdens. About one in five U.S. households will face an unpaid backlog of medical bills, as noted by the Consumer Financial Protection Bureau. As reported by CBS MoneyWatch, the CFPB found that debt...
In addition to the emotional impact of divorce, ending your marriage can also negatively affect your financial well-being. Whether you have shared debt with your spouse or you have accumulated bills you cannot pay with the cost of establishing a separate household,...
