Having some debt is a normal part of life, but debt can often stand in the way of pursuing our dreams and goals. If your goal is to have your own business, realities such as car and student loans and medical debt can limit the amount of money you can borrow for your...
Many people believe that filing for bankruptcy means that they will lose everything. However, bankruptcy is a form of debt relief, not asset relief. The law allows you to exempt certain items when you file for bankruptcy protection, including your car. Whether this is...
When you’re struggling with overwhelming debt, it can be difficult to know where to turn. It may seem like the least complicated way to pay off your bills is to ask for a loan from a family member. However, what happens if this proves to be just a temporary fix?...
People are exposed to a wide range of misinformation on the topic of bankruptcy. You may even have avoided considering bankruptcy as a debt relief option based on things you have heard. The truth is, bankruptcy can be the most effective way to help you get a fresh...
Filing for bankruptcy is not an easy choice to make, but those who do are able to keep much of their property when filing for Chapter 7 bankruptcy protection. Ohio does not follow federal bankruptcy code for exempt property, but state exemptions match federal amounts....
The legal system can feel daunting even when there is little at stake. When your finances become involved due to bankruptcy, everything can feel downright scary. It doesn’t need to. Bankruptcy is a way to ease the pressure and emotional burden of debts that have...
You have spent years preparing for your retirement. Your retirement accounts have slowly gained value through the years with each paycheck. Then the unthinkable happens. You have a medical emergency. You lose your job. Paying bills becomes harder and harder. You reach...
The decision to file bankruptcy can be difficult. While attempting to manage an insurmountable amount of debt, you may explore every other alternative to gain even some financial relief. The many myths and misconceptions surrounding bankruptcy only add to the...
The word “bankruptcy” has many negative connotations attached to it. But bankruptcy is actually a positive solution for many people suffering from debt and financial stress. There are many benefits of filing bankruptcy and the process can help in a variety...
If you’re looking to file for a bankruptcy like Chapter 13 or Chapter 7, you’ve heard of the required credit counseling to obtain your bankruptcy. You may be asking yourself what the point of counseling is at this point. These counseling sessions are...
