When debts and other monthly payment obligations become too much to handle, it can seem like you have limited options for how to make ends meet. Filing for bankruptcy is one such option, but the word itself carries somewhat of a negative connotation in casual...
Bankruptcy
Tips to handle debt during divorce
In addition to the emotional impact of divorce, ending your marriage can also negatively affect your financial well-being. Whether you have shared debt with your spouse or you have accumulated bills you cannot pay with the cost of establishing a separate household,...
Does bankruptcy always result in business liquidation?
Making the choice to file bankruptcy may only come after you exhaust other options. When you do decide, you may wonder what will happen to your business. You may not have to liquidate your business even if you file for bankruptcy. Doing so under Chapter 13 or 11 may...
Rebuilding your credit after bankruptcy
Many people are reluctant to file for bankruptcy protection for fear of damaging their credit score. While it is true that a bankruptcy filing will cause your credit score to take a hit, prolonging your debt struggles can often make things worse. It’s possible to...
Don’t allow debt to put your family relationships at risk
When you’re struggling with overwhelming debt, it can be difficult to know where to turn. It may seem like the least complicated way to pay off your bills is to ask for a loan from a family member. However, what happens if this proves to be just a temporary fix?...
The truth behind bankruptcy myths
People are exposed to a wide range of misinformation on the topic of bankruptcy. You may even have avoided considering bankruptcy as a debt relief option based on things you have heard. The truth is, bankruptcy can be the most effective way to help you get a fresh...
How much of your income can you lose to wage garnishment?
When you struggle to keep up with your bills in Ohio, you run the risk of your creditors coming after you in an attempt to collect what you owe. If those creditors are able to ultimately secure a court order against you, your employer may end up withholding some of...
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...
Seniors are facing increasing financial challenges
If you are a senior living in the state of 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 your retirement. We...
A look at the primary reason for personal bankruptcy
Despite the fact that many people in Ohio have at least some form of savings account, unexpected circumstances can wreak havoc on anyone's finances regardless of their preparation ahead of time. For many people, saving money is important but can also be challenging if...