On this blog, we have looked at some of the different benefits of filing for bankruptcy. However, it is vital to understand the differences between Chapter 7 and other types of bankruptcy, such as Chapter 11 and Chapter 13. If you think that Chapter 7 is the best...
Recently, many people across the country celebrated the holiday season with friends and those they love. Family gatherings, gift-giving, and other traditions are an important part of this time of year for many people in Ohio. Unfortunately, some people also incur an...
Sometimes, people have negative thoughts flood their mind when they hear the word bankruptcy. Some people may believe that this option would reflect poorly on their character or that bankruptcy is not a good way to solve their financial problems. However, bankruptcy...
Chapter 7 bankruptcy and Chapter 13 bankruptcy are the two most common forms of personal bankruptcy. They both offer varying degrees of financial freedom, while also providing unique benefits to the filer. So what are the differences between these two forms of...
It is often overestimated how filing for bankruptcy will affect a credit score. People assume that a credit score will be ruined indefinitely. This is untrue, but filing for bankruptcy will have a negative impact on a credit score for a period of time. This is because...
When you think about the people who declare bankruptcy, what do you imagine? What do you assume caused a debt problem for them? Many people are afraid to file bankruptcy, even if it could dramatically improve their life. Part of the reason might be that they think...
Have you noticed newly gray hairs sprout lately? It might not be from aging. Instead, the stress of debt could be wearing on you. Aside from a few new wrinkles, debt can also contribute to serious health concerns. Under the strain of finances, your stress level might...
Question: I have an enormous debt and there’s no way I will be able to pay it off. I’m thinking about filing for bankruptcy, but I’m worried about losing everything I have. I know that I probably won’t lose my house, but I would be heartbroken...
Even with insurance, healthcare is shockingly expensive. Between unnecessary surgical add-ons, scans and overused intensive care-level treatment, medical patients often find themselves facing surprisingly large hospital bills. More than 25 percent of Americans cannot...
A common myth about bankruptcy is that you won’t be able to apply for loans or credit cards until it’s off your record. In fact, there are many ways to show creditors that you are responsible enough to borrow despite bankruptcy. In part one of our series,...
