In Ohio, many people struggling with debt are also facing the challenge of tax payments. When debts from credit cards and other sources start to pile up, it can be difficult to make tax payments. These missed payments will start to create tax debts and penalty charges...
Personal Bankruptcy
Determining when bankruptcy is needed
As many Ohio residents know, trying to provide for loved ones while trying to pay off debt may be difficult if one's financial status is undermined by unemployment or other factors. Deciding if bankruptcy is a way to overcome such a downturn may depend on specific...
Bankruptcy discharges in Ohio
When a person's petition in bankruptcy is granted in Ohio, he or she will have the unsecured debts owed discharged at the close of the bankruptcy estate. Secured debts, such as a mortgage or car loan, will remain and secured creditors may continue to enforce those...
Removing a mortgage lien through bankruptcy
One of the most important issues for many Ohio debtors considering bankruptcy is protecting their homes from possible foreclosure. In some cases, a person's residence may be encumbered by both a first and second mortgage. While the person may be able to afford paying...
How many times can a debtor claim bankruptcy?
Ohio residents desirous of filing for bankruptcy may be wondering how often this can be done. While the laws usually allow a person to file for bankruptcy as often as he or she wishes, there are certain conditions that the filer must meet in order to be eligible to...
Options available in Ohio to avoid foreclosure
Homeowners who are having trouble paying their mortgages have several options to avoid foreclosure. The homeowners could take advantage of any of these options before or after their lenders file foreclosure complaints. The most frequently chosen option is a repayment...
Chapter 7 and Chapter 13 bankruptcy in Ohio
Individuals who file for bankruptcy may have the option of either filing for Chapter 7, which discharges debts, and Chapter 13, which reorganizes debt. Both types of bankruptcy require credit counseling no more than 180 days before filing, and both types also affect a...
Is credit counseling required before filing for bankruptcy?
Ohio residents who are considering filing for bankruptcy should be aware that they are required to take two educational courses before their debts will be discharged. The first is a pre-bankruptcy counseling session, and individuals must provide a certificate of...
Pay down credit card debt more quickly in Ohio
Life changes might make accumulating credit card debt unavoidable, but paying it off as quickly as possible is important for one's financial future. Working to eliminate debt will result in lower overall payouts in interest. In addition, paying down debt lowers one's...
Ohio credit card debtors can request proof within 30 days
Credit card debt has affected many Ohio residents, and a common concern is whether proof of the debt can be requested. According to the Fair Debt Collection Practices Act, consumers have the legal right to request verification provided that the request is made within...