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...
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...
