We've written before about medical debt -- it's the leading cause of bankruptcy in the United States. An aspect of President Obama's Affordable Care Act is meant to require the majority of hospitals to charge people without insurance no more than the amounts paid by...
Month: June 2013
When is Chapter 13 a good option to stop foreclosure?
In Chapter 7 bankruptcy, your non-exempt assets are liquidated and sold to pay creditors. Whatever debt is left after that process can be discharged. But what if you still have heavy mortgage debt after your Chapter 7 case is finished? Ohio residents should know that...
On the perils and benefits of credit card debt
People who have been through bankruptcy or have heavy debt may cringe at the idea of getting a new credit card, and that feeling is completely understandable. You don't want to fall into the same pit you just climbed out of, or you don't want to add to your medical or...
What happens to credit score after bankruptcy?
Credit score: that is what many people are worried about if they file for bankruptcy. If you talk to an attorney and decide that bankruptcy protection is the best option to help you achieve a better financial future, then you'll want to begin repairing your credit as...