Ohio residents of any age can face a financial emergency. In some cases, parties who have retirement funds may believe that using these funds for an emergency rather than their intended purpose could help them out of a tough spot. However, using retirement funds could...
Chapter 7
Ohio residents may want to learn more about Chapter 7 bankruptcy
Some individuals may believe that people facing financial issues are irresponsible or otherwise did not attend to their financial affairs adequately. However, this idea is most often not the case. Financial difficulties can arise from numerous unexpected...
Chapter 7 could benefit Ohio residents
When Ohio residents are considering getting a handle on their debt, they may wonder which management option may be right for them. They may want to consider consolidation or settlements rather than bankruptcy because the word "bankruptcy" often appears to have a...
Keeping a business after filing for bankruptcy
In some cases, small business owners in Ohio may be able to keep their businesses after filing for bankruptcy. If the debtor owns a sole proprietorship, for instance, they can file for personal bankruptcy and perhaps keep the business. An individual may choose to file...
When discharge occurs in an Ohio bankruptcy case
Discharge can signal a point of major relief for an individual who has dealt with major life events that have resulted in unexpected financial stress. In many cases, creditors have used ruthless tactics in an effort to obtain payments, making personal bankruptcy a...
Wife of former mayor seeks Chapter 7 bankruptcy protection
Many in Summit may question the reason why those who file for personal bankruptcy are said to be seeking bankruptcy “protection.” One may not be able to see exactly what sort of protection bankruptcy provides without having already been harassed by a...
Reality TV stars exit bankruptcy with same debt they had going in
Chapter 7 bankruptcy offers protection for those in Summit whose debt threatens to overwhelm them. Should they comply with all of the demands of the court during the time that their bankruptcy is active, then the remainder of those debts not already satisfied through...
Furniture store closes as part of owner’s Chapter 7 bankruptcy
For many in Summit, owning their own business and only having to answer to themselves would be a dream come true. The American Dream was built off of such ideals. Yet many underestimate just how much responsibility one assumes as his or her own boss. Should the...
Reality TV star dealing with massive debt through bankruptcy
Many may wonder what it would be like to have unlimited financial resources. Individual residents of Summit may have a different financial figure that they would classify as being unlimited. Yet one thing that most would likely agree on is that a sudden infusion such...
Businessman files for personal bankruptcy along with his company
Many in Summit are surprised when they hear of a local prominent citizen filing for personal bankruptcy. These people often portray extravagant lifestyles and would appear to most to be the very definition of sound financial planners. Yet often many of these people...