It can be scary and stressful to get creditors calling daily or sending letters in an effort to get their money. However, consumers do have options to help them resolve their debt issues. In some cases, creditors have a limited amount of time to initiate legal action...
Month: June 2014
Supreme Court rules inherited IRAs not protected in bankruptcy
Ohio residents may be aware that funds saved for retirement are protected when an individual files for a bankruptcy. However, the rules regarding monies in an inherited retirement account have been less clear. This ambiguity was addressed by the Supreme Court of the...
Dealing with creditors in Ohio
In 2011, 200,000 lawsuits were filed by debt collectors in New York in an attempt to resolve cases where borrowers had failed to pay an obligation. However, a Federal Trade Commission study has revealed that only 6 percent of creditors actually have documentation to...
Managing rising medication costs and related debt
Ohio residents who are faced with serious health problems may struggle under the burden of expensive medications. The issue can become even more frustrating as providers of medical insurance place a greater portion of prescription costs in the hands of consumers. The...