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...
Chapter 7 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...
How to get a fresh financial start after bankruptcy
How to get a fresh financial start after bankruptcy Like many Ohio residents, you may be struggling to pay your bills. You may feel burdened by the weight of your financial debts and live in fear that it will take a lifetime to pay them off. We here at [nap_names...
What can I expect from a Chapter 7 creditor meeting?
It is natural if you are feeling nervous about your upcoming meeting with your creditors in Ohio. However, you should realize that your meeting with your Chapter 7 bankruptcy trustee and your creditors is not complicated and proper preparation can help ensure that the...
Use caution when applying for credit cards
Credit cards can either be helpful for harmful when it comes to credit scores. While having open credit can be beneficial on your credit report, high interest rates and charges can make it difficult to keep up with overwhelming credit card payments. This can lead to...
What happens to stock after Chapter 7 bankruptcy?
If you were running a public company in Ohio, you would probably be a major stockholder. A bankruptcy you used to get relief from organizational debt would typically take one of two courses: restructuring or liquidation. The second type, liquidation, is covered...
How the bankruptcy means test determines Chapter 7 eligibility
As an Ohio resident who is looking to regain control over your finances, you may be wondering whether filing for bankruptcy may help give you the fresh start you desperately need. You may, too, be familiar with the various types of personal bankruptcies, including...
Simplifying the Chapter 7 process
For many people, the idea of filing for bankruptcy may seem intimidating for various reasons. From experiencing stress in the courtroom to worries about being judged by others and uncertainty about how a bankruptcy filing will affect one's future, there are many...
What will the trustee ask you at the 341 meeting?
One of the things you'll have to do as a part of the bankruptcy process in Ohio is attending a meeting of creditors. Sitting down with your creditors may sound stressful, but in reality, creditors rarely attend the meetings. The primary focus of the meeting will be...