The legal system can feel daunting even when there is little at stake. When your finances become involved due to bankruptcy, everything can feel downright scary. It doesn’t need to. Bankruptcy is a way to ease the pressure and emotional burden of debts that have piled up, often for things out of your control.
What can bankruptcy’s automatic stay protect you against?
When medical bills, credit card debts and other consumer debts you accumulated in Ohio become too much to manage, you may devote some consideration to filing for bankruptcy as a means of giving yourself a fresh financial start. While doing so can potentially help you work through a number of different areas, it may, too, help put a stop to the steady stream of communications you are receiving from creditors wanting you to make good on your debts.
What happens to my retirement in bankruptcy?
You have spent years preparing for your retirement. Your retirement accounts have slowly gained value through the years with each paycheck. Then the unthinkable happens. You have a medical emergency. You lose your job. Paying bills becomes harder and harder. You reach the point where bankruptcy is a welcome relief to your financial situation. But what happens to your retirement benefits?
Seniors are facing increasing financial challenges
If you are a senior living in Ohio, like many of your contemporaries you may be worried about the amount of debt you are living with at the present time. This may overwhelm you and cause you to fear for your financial future during retirement. We here at Debra Booher & Associates Co LPA understand the many concerns you have as a result of your financial challenges.
What are some ways that you can build equity in your home?
Having home equity is an invaluable investment when you understand how to effectively build this reservoir over time. If you have purchased a home in Ohio, you have the chance to witness your equity grow as the market changes and your home's value increases. Being able to get the most out of your home equity is largely related to how you choose to go about paying your mortgage.
Four common misconceptions about bankruptcy
The decision to file bankruptcy can be difficult. While attempting to manage an insurmountable amount of debt, you may explore every other alternative to gain even some financial relief.
