Cuyahoga Falls Bankruptcy Law Blog
What happens to my multiple properties in bankruptcy?
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...
Navigating business ownership with personal debt issues
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...
Rebuilding your credit after bankruptcy
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...
Can I keep my car if I file for bankruptcy?
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...
Don’t allow debt to put your family relationships at risk
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?...
The truth behind bankruptcy myths
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...
Ohio’s updated 2019 bankruptcy exemption amounts
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....
A look at how bankruptcy impacts your child support obligations
Getting back on your feet after you have filed for bankruptcy in Ohio may take some time, but it is doable when you identify improvements that you can make in the way you had previously managed your finances. At , we are experienced in...
Keeping the past in the past with a fresh financial start
When people find themselves in a precarious financial situation in Ohio, they may be grasping for answers of things they can do to get out of debt and start anew. The challenge for many people is learning and developing new habits that will support a lifestyle where...
How much of your income can you lose to wage garnishment?
When you struggle to keep up with your bills in Ohio, you run the risk of your creditors coming after you in an attempt to collect what you owe. If those creditors are able to ultimately secure a court order against you, your employer may end up withholding some of...
