When you file for divorce in Ohio, you don't just get a portion of your spouse's assets. You might also get a portion of their debts. Even if your former spouse promises to pay off their debts, you could still end up getting calls from creditors. What types of debt...
Running a business, whether large or small, means taking risks, including not being able to pay debts. Bankruptcy gives Ohio small businesses a legal way out of certain debts that they see no way of paying. However, many owners may wonder what type of bankruptcy they...
Entrepreneurs understand the risk of starting a business. They know the chances they are taking, and that the odds are stacked against them. Roughly 20% of all new small businesses maintained operations for more than a year between 2005 and 2017. Then half of that...
Owning multiple properties can be a challenge, as it comes with a lot of responsibility. If your financial hardship has led you to consider bankruptcy, you may be concerned about how bankruptcy will affect your life. Some bankruptcy options can result in loss of...
Having some debt is a normal part of life, but debt can often stand in the way of pursuing our dreams and goals. If your goal is to have your own business, realities such as car and student loans and medical debt can limit the amount of money you can borrow for your...
Many people are reluctant to file for bankruptcy protection for fear of damaging their credit score. While it is true that a bankruptcy filing will cause your credit score to take a hit, prolonging your debt struggles can often make things worse. It’s possible to...
Many people believe that filing for bankruptcy means that they will lose everything. However, bankruptcy is a form of debt relief, not asset relief. The law allows you to exempt certain items when you file for bankruptcy protection, including your car. Whether this is...
When you’re struggling with overwhelming debt, it can be difficult to know where to turn. It may seem like the least complicated way to pay off your bills is to ask for a loan from a family member. However, what happens if this proves to be just a temporary fix?...
People are exposed to a wide range of misinformation on the topic of bankruptcy. You may even have avoided considering bankruptcy as a debt relief option based on things you have heard. The truth is, bankruptcy can be the most effective way to help you get a fresh...
Filing for bankruptcy is not an easy choice to make, but those who do are able to keep much of their property when filing for Chapter 7 bankruptcy protection. Ohio does not follow federal bankruptcy code for exempt property, but state exemptions match federal amounts....
