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Bankruptcy is a process where people can receive assistance with their debts by liquidating some of their assets. Although the thought of filing for bankruptcy is worrisome to many people, its goal is to help people get back on their feet and make a fresh start....
When debts and other monthly payment obligations become too much to handle, it can seem like you have limited options for how to make ends meet. Filing for bankruptcy is one such option, but the word itself carries somewhat of a negative connotation in casual...
There are a lot of different types of business bankruptcies. Unique factors affect each and can make certain ones better for your business than others. Here is what you need to know about business bankruptcies and how they can affect your company. Chapter 7 One of the...
When you start to notice signs that you may need to file for bankruptcy, you may initially feel overwhelmed. If taxes or penalties start to build up and you want to look more into another option, following a few steps while learning more about bankruptcy can help....
Medical debt is the reason for a vast majority of bankruptcy cases, and it is generally treated like any other unsecured debt. Whether or not you pay any portion of medical debt after bankruptcy approval depends on the type of bankruptcy you file. Chapter 7 and...
Medical bills often cause families to struggle with overwhelming debt burdens. About one in five U.S. households will face an unpaid backlog of medical bills, as noted by the Consumer Financial Protection Bureau. As reported by CBS MoneyWatch, the CFPB found that debt...
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...
