Some Ohio residents who are struggling with their financial obligations choose to file for bankruptcy protection under Chapter 13. When they do so, they enter into repayment plans through which they pay off a portion of their debts over a time period that lasts from...
Month: December 2016
Repeat bankruptcy filer penalized under Bankruptcy Code
Ohio residents and others across the United States have the right to file for bankruptcy, though the process comes with certain rules and conditions that must be met. Violating the rules can result in penalties, as a bankruptcy filer in Kansas recently discovered. The...
American families struggling to keep up with credit card debt
Families in Ohio and across the country send credit card companies an average of $1,292 each year in interest payments as part of paying off their balances, but that figure will likely be going up in the coming months. The U.S. Federal Reserve announced a quarter...
How to wisely use credit cards for gift buying
Since there are many credit card companies that feature incentives, such as reward points and store discounts, Ohio residents might be inclined to use them for their holiday shopping. However, they may want to read these few tips first. During heavy shopping seasons,...
Bad healthcare provider lists increase bankruptcy risks
As the health insurance marketplace is open once again, you might find yourself re-evaluating your plan for 2017. You're likely checking the provider's list twice to ensure that the care you receive is both trusted and close to home. Before you find yourself in need...
Court rules debt can still be discharged after asset transfer
Ohio residents who have more debt than they can afford to pay back may choose to file for bankruptcy. While considering bankruptcy, it is important for them to understand the laws about transferring assets. If valuable property is transferred before a bankruptcy...