It is possible that a debt may no longer be legally collected because the applicable Ohio statute of limitations has expired. However, companies may still try to collect on that debt as it can be profitable to do so. This is because making a single payment on such a...
The light at the end of the bankruptcy tunnel is a clean (or almost clean) financial slate. But what will you do once you have it? Even in the beginning stages of bankruptcy, it's a good idea to start planning for what you'll do once you're safely on the other side....
The top source of debt for people in Ohio is mortgage debt, according to a survey by GOBankingRates.com. Ohio residents are not unique in their debt struggles, as residents of 41 other states also reported that they hold most of their debt in mortgages. People who...
Take a quick look around the internet and it's obvious that the top reason for bankruptcy continues to be medical expenses. Insurmountable medical bills lead to nearly 2 million people filing for bankruptcy in the U.S. each year, accounting for about 62 percent of...
Divorced couples in Ohio who are considering bankruptcy may want to take note that a judge has ruled that the attorney's fees a man owes his former spouse for overtrial are a domestic support obligation. Debt qualifies as a DSO if it is intended to support a child,...
It is easy to run up a high debt balance on a credit card. Credit cards may carry interest rates as high as 30 percent as well as added penalties and fees for late payments. It is in one's best interests to pay off credit card debts as soon as possible before tackling...
Filing for bankruptcy can offer individuals a clean slate in most areas of life, but a couple of forms of debt are notoriously difficult to discharge: mortgages and student loans. The latter might seem especially baffling, especially to younger people. Why can't...
Bankruptcy is an option for some Ohio consumers who are struggling under the weight of heavy debt. While filings have fallen nationwide, some parts of the country still have a high rate. Ohio is number 10 in the list of states with the highest filing rates per capita....
No one at any age likes to be taken by surprise in a manner that potentially -- and, too often, actually -- takes money from their wallet and seriously threatens their financial stability. And, for obvious reasons, that especially applies to seniors who are living --...
For many people across northeastern Ohio and elsewhere facing formidable financial challenges, the sources of fear and frustration can seem broad-based and ever growing, indeed. Put another way: Although some individuals and families can easily enough become...
