Loan modifications can offer relief to homeowners facing financial hardship. For example, lower interest rates and loan term extensions can make loans more manageable. In Ohio, several factors influence the approval and terms of these modifications. 1. Financial...
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Dealing with retirement savings when filing for bankruptcy
Bankruptcy is a process where people can receive assistance with their debts by liquidating some of their assets. Although the thought of filing for bankruptcy is worrisome to many people, its goal is to help people get back on their feet and make a fresh start....
How can businesses proceed while facing bankruptcy?
When you start to notice signs that you may need to file for bankruptcy, you may initially feel overwhelmed. If taxes or penalties start to build up and you want to look more into another option, following a few steps while learning more about bankruptcy can help....
How is debt divided in a divorce?
If you are in the midst of a separation or divorce, you may be wondering how your debts will get divided. Courts base these decisions on a case-by-case basis, but having a general understanding of the standards in Ohio can help prepare you for potential debt...
Key differences in business bankruptcy types
As a business owner, you may struggle with the financial burdens of an economic downturn. Whether the cause is your business plan or the state of the economy, learning about your bankruptcy options may prove helpful. Bankruptcy for businesses typically falls into one...
Types of business bankruptcy
Running a business, whether large or small, means taking risks, including not being able to pay debts. Bankruptcy gives Ohio small businesses a legal way out of certain debts that they see no way of paying. However, many owners may wonder what type of bankruptcy they...
Four Financial Procrastination Mistakes
Procrastinating on financial matters is often an expensive mistake. It can lead to massive debt, and bankruptcy may be the best resolution in the end. Fortunately, making small and smart changes now can save you from costly consequences. 1. Paying the minimum monthly...
Should you borrow money from family to pay off a creditor?
Owing debt to creditors is stressful. Letters fill up your mailbox and you begin screening all your calls. Many people turn to family for help; but consider the choice to borrow money from family carefully. If there is any chance you may file for bankruptcy in the...
Tackling credit card debt is a necessity
It’s the main event that you didn’t want to happen, but now it’s time to face the consequences. In this corner, it’s the American consumer who has tallied a record credit card debt of more than $1 trillion. His opponent for the match, of...
5 steps to improving your financial situation
Alexandra is usually very well put-together, never a hair out of place and always perfectly dressed for the occasion. The morning she met Katie for coffee, however, her blouse was half tucked in and had a stain on the sleeve. Her eyes looked tired and there were bags...