Ohio residents may be interested to learn about a recent U.S. Supreme Court decision in which the court ruled that a debtor does not have a right to appeal a denial of a proposed Chapter 13 repayment plan. The ruling was issued on May 4, and puts an end to splits in...
One of the options available to Ohio debtors who cannot obtain relief from their financial obligations through other methods is filing for Chapter 13, assuming the eligibility requirements are met. While a successful completion of the plan will result in the discharge...
When an Ohio homeowner files bankruptcy, the mortgage lender or holder will be prohibited, along with other creditors, with engaging in any further collection activity during the automatic stay issued upon the petition's filing. Debtors who are delinquent in their...
In large part, bankruptcy laws are in place to help financially troubled individuals and businesses seek debt relief when they have exhausted all other options. Chapter 13 is a bankruptcy option for self-employed individuals, wage earners and sole proprietors. People...
Those in Cuyahoga Falls who choose to file for Chapter 13 bankruptcy protection work with the court to arrange repayment of a large portion of those debts over a set period. Typically, creditors are entitled to at least the amount they would have received through a...
Very few people in Summit are actually lucky enough to go through life without having experienced some degree of financial hardship. Many are prone to make the occasional poor choice when it comes to money. For others, simple bad luck befalls them. Yet what’s...
For many suffering from financial troubles in Summit, filing for bankruptcy still has a perceived social stigma associated with it. They may believe that should their decision to seek bankruptcy protection ever get out, they will be viewed as irresponsible and...
The perception of those who’ve filed for bankruptcy in Cuyahoga Falls has no doubt changed over the years. What once may have been viewed as the ultimate taboo is starting to be seen more-and more for what bankruptcy protection was originally intended to be: a...
Many of those who file for bankruptcy in Cleveland make too much to file for a standard Chapter 7. Yet this may actually be a blessing in disguise since a Chapter 13 allows filers to keep many of their assets, including their homes. For people in such dire financial...
Even though the economy in the rest of the nation seems to be rebounding, the recovery is slower for many residents of Cuyahoga Falls, Ohio. Some filed for Chapter 7 bankruptcy at the peak of the Great Recession and found a fresh financial start; others may not have...
