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January 2016 Archives

Ohio residents facing debt may want to consider Chapter 7

Even individuals who feel relatively secure in their spending habits could find themselves in a tough financial spot. Finances can quickly become complicated for anyone, and what may begin as a small issue could lead an Ohio resident into thousands of dollars of debt that he or she may not be able to pay back. For individuals in such predicaments, Chapter 7 bankruptcy may be able to help.

Bankruptcy may be able to help struggling young people in Ohio

Though young people may wish to be financially savvy, it can be difficult to stay in a stable place when it comes to money. As a result, bankruptcy could end up being an option for some Ohio residents to consider. It was recently reported that 50 percent of individuals between the ages of 23 and 35 that participated in a survey stated that they would not be able to come up with $2,000 in the event of an emergency. This information may indicate that many individuals within that age bracket do not have an adequate amount of savings that could help them in an unexpected situation.

Holiday debt may continue to plague Ohio residents

The holiday season is notorious for spending money on gifts, holiday meals and other expenses. However, even after the season ends, Ohio residents can still be feeling the impact of that spending. Accumulating considerable debt during the holidays is not unusual, but some individuals may have a difficult time paying off the balances that have been accrued. 

Medical debt can plague Ohio cancer patients, survivors

Learning that an individual has cancer can be a dreaded situation for any Ohio resident. Even if a patient survives such an illness, the effects of the disease can plague that person for years, in physical and financial aspects. Medical debt can lead many individuals who have suffered from health issues to seek debt relief options, and bankruptcy may be a path worth considering.

Ohio residents may be able to discharge student loan debt

When many Ohio college students finish school, they have a considerable amount debt from student loans. In many cases, student loan debt is not easily resolved, but some individuals are having success in discharging such debt through bankruptcy. If parties who have considerable debt are interested in debt relief, they may wish to consider their bankruptcy options.

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