It was a difficult decision, but you and your family decided bankruptcy would be the best solution toward overcoming months of financial difficulties. It was not a decision you made lightly with all the questions that floated in your head. Among them: Will I lose my...
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Tackling debt: 7 steps to creating a budget that works
Debt often feels like a race that you can never win. Debtors struggle to make payments every month, sometimes without even touching the principal balance of their loans and bills. One of the most fundamental solutions to debt is to create a budget. While a budget is...
How does filing for bankruptcy impact a credit score?
It is often overestimated how filing for bankruptcy will affect a credit score. People assume that a credit score will be ruined indefinitely. This is untrue, but filing for bankruptcy will have a negative impact on a credit score for a period of time. This is because...
How can Americans protect themselves from medical debt?
Even with insurance, healthcare is shockingly expensive. Between unnecessary surgical add-ons, scans and overused intensive care-level treatment, medical patients often find themselves facing surprisingly large hospital bills. More than 25 percent of Americans cannot...
I heard it’s harder to qualify for Chapter 7. Is that true?
You may be struggling financially and overwhelmed by harassing communications from your creditors. You know that filing for Chapter 7 bankruptcy could help you, but you heard it's harder to qualify since the U.S. Bankruptcy code was changed. First, you should know...
If I file for bankruptcy, will I have to give up my property?
One of the things that often holds people back from filing for bankruptcy when they could really benefit from it is the fear of losing personal property. Many Ohio readers often associate bankruptcy with a forced selling of all valuable property in order to pay off...
Can I seek bankruptcy protection for my student loans?
Higher education is expensive, and you may be one of the hundreds of college students who graduated with a significant amount of student loan debt. At the time of signing your loan agreement, you may have given little thought to how you would pay it off in the future,...