When Ohio consumers file for bankruptcy, it will go on their credit report. The bankruptcy may appear on a credit report after it was first filed even if the case was dismissed or a debtor chose to drop the case after filing. Those who file for Chapter 13 bankruptcy...
Month: April 2017
How to avoid spending traps after bankruptcy
While many of our posts focus on bankruptcy issues (i.e. discharging debts), we find it helpful to highlight some money saving tips that consumers can take advantage of so that they can avoid the need for bankruptcy protection. Indeed, there are a number of ways to...
Study finds seniors are falling deeper into credit card debt
Households in Ohio and around the country headed by individuals over the age of 50 now owe more money to credit card companies than younger households according to data compiled by a leading think tank and the AARP. Half of the older Americans surveyed by Demos and...
Can I seek bankruptcy protection for my student loans?
Higher education is expensive, and you may be one of the hundreds of college students who graduated with a significant amount of student loan debt. At the time of signing your loan agreement, you may have given little thought to how you would pay it off in the future,...
Unemployment benefits and bankruptcy filings
When Ohio consumers file for Chapter 13 bankruptcy, they must submit a repayment plan that has to be approved by the court. The repayment plan takes between three and five years, and it is generally based on the income of the debtor. A March bankruptcy court ruling...
The truth about bankruptcy
Many Ohio residents have a very tight budget, and it may take only a single financial emergency to send them on a path the bankruptcy. People who are considering filing for bankruptcy should be aware of the myths that surround the legal procedure. Filing for...