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,...
If you are in the midst of a separation or divorce, you may be wondering how your debts will get divided. Courts base these decisions on a case-by-case basis, but having a general understanding of the standards in Ohio can help prepare you for potential debt...
As a business owner, you may struggle with the financial burdens of an economic downturn. Whether the cause is your business plan or the state of the economy, learning about your bankruptcy options may prove helpful. Bankruptcy for businesses typically falls into one...
Making the choice to file bankruptcy may only come after you exhaust other options. When you do decide, you may wonder what will happen to your business. You may not have to liquidate your business even if you file for bankruptcy. Doing so under Chapter 13 or 11 may...
Medical debt is a common cause of bankruptcy in America with medical debt impacting millions of Americans and being one of the leading causes of bankruptcy. Bankruptcy, of course, is the legal procedure by which people can restructure their debt and, ultimately, get...
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More than half a million people file for bankruptcy each year in Ohio and around the country because they have medical bills they cannot afford to pay or encountered financial difficulties after an illness or injury prevented them from working. That was just one of...
The end of a marriage brings forth many responsibilities and concerns for Ohio residents. In addition to dealing with divorce proceedings, both spouses might need to address personal finances. Not everyone's finances are in perfect shape. Divorcing spouses could also...
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...
