Cuyahoga Falls Bankruptcy Law Blog

Some people are in the middle of a midlife crisis, which can be a very tumultuous time in one's life. People may question the decisions they have made and feel unsatisfied with certain aspects of their lives. Midlife crises can bring on significant career changes, prompt people to move on from a relationship they have been in for many years or pick up new hobbies. People may also experience similar challenges during a quarter-life crisis. Fortunately, there are a variety of ways that people may be able to ease some of their anxiety and improve their outlook on life during these crises, such as getting rid of the debt that one has accumulated over the course of years.

Bankruptcy can help people move on from a difficult midlife crisis for many reasons. First, a fresh financial start can eliminate a considerable amount of stress and open up all sorts of new opportunities. People may sleep better at night and feel better about their lives. Sometimes, debt is at the center of a midlife crisis or marital problems, and tackling this potentially serious issue can completely transform an individual's life.

If you’re looking to file for a bankruptcy like Chapter 13 or Chapter 7, you’ve heard of the required credit counseling to obtain your bankruptcy. You may be asking yourself what the point of counseling is at this point. These counseling sessions are useful and personalized to your situation, and typically run less than two hours. In the grand scheme of the bankruptcy process, credit counseling comprises a fraction of the time spent in the process.

There are two types of credit counseling required in the bankruptcy process: pre-bankruptcy counseling and post-filing debtor counseling. Don’t worry, the two sessions differ in their focus, so you won’t waste your time in either. Here is what you can expect from both sessions:

If you are an Ohio resident who is thinking of filing for bankruptcy, you are probably concerned about how this step will affect your future. While bankruptcy can make it difficult for you to obtain credit initially, do not despair. With the right approach, any financial roadblocks may be virtually gone within a few years.

An article in Forbes has clever advice on making a speedy recovery from bankruptcy. Action you can take right away is to sign up for free credit monitoring from a reputable company. This allows you to keep tabs on your credit score and watch it improve. You can make sure your accounts are being reported accurately and see the credit card and loan offers available to you as your finances get back on track.   

When someone sustains an injury on the job, their life may unravel in various ways. They may encounter financial problems for various reasons, whether they cannot afford rehabilitation or are burdened with medical debt. Moreover, they may have to stop working temporarily, resulting in lost wages, or lose the ability to ever return to their previous position because of a permanent disability. On top of these hardships, they may be in a great deal of pain and they may be very worried about their future, especially if they are struggling with debt. For some people in this position, bankruptcy can help address some of these concerns.

Job-related injuries occur in many ways, from construction site accidents to workplace traffic crashes and even slipping while working in an office. These accidents can completely upend a worker's life, and they may be struggling with other hardships prior to the injury (such as financial problems over credit card debt) which make it even tougher to recover from the accident. Some people who have found themselves in this position have been able to restore their sense of hope and get rid of the debt they are buried in by filing for bankruptcy. However, it is essential to explore all of your options prior to making any important decisions regarding bankruptcy.