As many Ohio residents know, trying to provide for loved ones while trying to pay off debt may be difficult if one's financial status is undermined by unemployment or other factors. Deciding if bankruptcy is a way to overcome such a downturn may depend on specific...
Month: February 2015
How medical debt may lead to bankruptcy
Individuals in Ohio who have faced medical issues may also be struggling to pay their bills. Medical bills are among the most common ones received by collection agencies, and medical debt is a leading cause of bankruptcy. Some consumer advocates argue that medical...
Keeping a business after filing for bankruptcy
In some cases, small business owners in Ohio may be able to keep their businesses after filing for bankruptcy. If the debtor owns a sole proprietorship, for instance, they can file for personal bankruptcy and perhaps keep the business. An individual may choose to file...
Unexpected medical debt despite hospital aid programs
According to the Consumer Financial Protection Bureau, more than half of all consumer debt is attributable to medical bills. Even when Ohio patients are indigent and qualify for a hospital aid program, they may still be held liable to pay for such things as...