Many Ohio residents may be hesitant when it comes to filing for bankruptcy because they are unsure whether it is the right step for them. It is true that bankruptcy is a big step, and individuals may benefit from understanding how their situations will be affected if...
Personal Bankruptcy
Ohio residents may be interested in student loan debt issues
Though many Ohio residents may be excited about the prospect of higher education or are reveling in the fact that they have received their degree, they may not be as enthused about student loans. Student loan debt can cause considerable hardships for individuals,...
Working to eliminate debt before marriage may be prudent in Ohio
Many Ohio residents know that financial issues can be a point of contention in a marriage. Therefore, parties may want to discuss their finances and spending habits before getting married. If one party has considerable debt, he or she may want to consider working to...
Ohio residents can eliminate debt to help avoid health problems
Though many Ohio residents may understand that considerable debt can lead to difficulty handling finances, debt can also affect individuals in other ways. They may begin experiencing mental or physical problems that could be related to stress from financial...
Bankruptcy could be an option for overwhelmed Ohio residents
In order to be successful, many Ohio residents know that money may need to be spent and investors attracted. However, if a person is unable to repay investors and/or make more money than he or she spent, serious financial issues could result. In some situations,...
Foreclosure an option with Chapter 13
Ohio residents may wonder if they can walk away from a home on which they have a mortgage if they are in the middle of a Chapter 13 bankruptcy. Even if the bankruptcy filing consolidated debts and all payments, including the mortgage, are being made through the...
Bankruptcy discharge possible for some student loans
Individuals in Ohio may think that they cannot discharge their student loans in a bankruptcy, but this common assumption is not always true. In some circumstances, private student loans can be discharged along with other types of debt. For example, loans made to...
Second mortgages troublesome arena for bankruptcy law
Issues arising from the 2008 housing market collapse that swept through Ohio have taken bankruptcy law to the U.S. Supreme Court. In the oral arguments presented for Bank of America vs. Caulkett, the lawyer for the lender argued that the 11th Circuit Court of Appeals...
Information regarding bankruptcy proceedings in Ohio
When an Ohio resident considers filing for Chapter 7 bankruptcy, they may not fully understand a number of elements involved in the process. For example, some individuals might have questions about working with a bankruptcy trustee. In addition, a consumer may not...
Why bankruptcy can be a smart decision
For many Ohio residents, filing for bankruptcy may seem to be something that is only done by those who have no other choice. While declaring bankruptcy is a serious decision, it can actually work to restore a person's credit rather quickly in addition to the other...