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February 2016 Archives

Older Ohio residents may find bankruptcy helpful

Ohio residents of any age may begin dreaming of the time they are able to retire. Retirement is often associated with a time of relaxation, but older individuals may feel stressed during their retirement years if their finances become troublesome. Many older individuals face considerable debt, either as they enter retirement or after they have retired. As a result, some parties may wish to consider bankruptcy.

Chapter 7 or Chapter 13 may prove beneficial to Ohio residents

Making the decision to move forward with bankruptcy can be a big step for anyone looking for a fresh financial start, including those here in Ohio. There may be multiple questions that need to be answered before a case can proceed, the first of which is likely whether an individual qualifies for Chapter 7 or Chapter 13 bankruptcy. In either event, once the ball is rolling, more stable financial ground could soon be achieved. Indeed, many individuals take this step to work on their financial struggles. 

Consumer bankruptcy may help Ohio residents with substantial debt

When Ohio residents are searching for ways to handle considerable debt, some may wish to avoid bankruptcy. However, consumer bankruptcy could help qualifying individuals regain control of their financial situation. If individuals choose to file for Chapter 7 bankruptcy, they may even be able to maintain ownership of certain property.

Ohio residents do not have to face bankruptcy alone

Debt issues can be difficult to handle on one's own. Of course, there are paths that Ohio residents can take as individuals, such as working on paying down balances or trying to consolidate debt, but some parties may wish to take bigger steps to handle overwhelming debt. Bankruptcy is one avenue that could assist individuals discharge debt, though it may be a complex process at times.

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