Also known as a wage earner's plan, Chapter 13 bankruptcy can be very beneficial for many people who have regular income due to a full-time job. However, it is important to take your job (as well as the income you earn) into consideration if you plan on filing for...
Month: May 2019
What credit counseling for a bankruptcy entails
If you’re looking to file for a bankruptcy like Chapter 13 or Chapter 7, you’ve heard of the required credit counseling to obtain your bankruptcy. You may be asking yourself what the point of counseling is at this point. These counseling sessions are...
Bankruptcy, divorce and planning ahead
People may run into many challenges when they bring their marriage to an end, and the same is true when it comes to the bankruptcy process. Sometimes, people find themselves dealing with both issues simultaneously. For example, someone may be experiencing financial...
How can you recover from bankruptcy quickly?
If you are an Ohio resident who is thinking of filing for bankruptcy, you are probably concerned about how this step will affect your future. While bankruptcy can make it difficult for you to obtain credit initially, do not despair. With the right approach, any...
Qualifying for a mortgage after bankruptcy
Personal bankruptcy can often be your best option to avoid slipping further and further into debt. Yet it does not come without is consequences. The impact it can have on credit score (or more specifically, one's ability to finance major purchases such as a home) is...
Job-related injuries and bankruptcy
When someone sustains an injury on the job, their life may unravel in various ways. They may encounter financial problems for various reasons, whether they cannot afford rehabilitation or are burdened with medical debt. Moreover, they may have to stop working...