Ohio residents, under the right circumstances, can file for bankruptcy to help them when they are facing significant financial struggles. The two main types of bankruptcy available are Chapter 13 and Chapter 7. In a Chapter 13 filing, the discharging of some remaining...
When Ohio motorists cannot afford their car payments, they may voluntarily turn in the vehicle. Alternatively, the lender could repossess the auto after one or more missed payments. Typically, the lender will sell the car in an auction. However, if the amount the car...
By now, most Ohio millennial have graduated college and are getting ready to buy their first home, raise a family or start a business. However, around two-thirds of the millennial generation are paying back a significant student loan or another type of long-term debt....
The short answer to the question posed in the headline of this post is: not necessarily. This can be frustrating for people looking for a simple "yes" or "no," but the fact is some people can have all their debt discharged in bankruptcy while others cannot. The reason...
Making large purchases before filing for bankruptcy is generally frowned upon, but Ohio residents who are struggling with unmanageable bills sometimes have few choices. A reliable car is a necessity for those who commute to work and have few, if any, public...
Debt collection companies in Ohio and across the country are part of a growing industry that is already worth about $13.7 billion each year. These companies buy tranches of debt for as little as 1 or 2 cents on the dollar, and they then hound consumers for payment...
Receiving calls from debt collectors is a part of daily life for many Ohio residents, but a report from the Consumer Financial Protection Bureau reveals that many of the companies behind these calls routinely ignore federal regulations and subject consumers to tactics...
Many Ohio residents make promises to themselves at the beginning of a new year to improve their lives in some way. For example, some may choose to pay off bills. Reports indicate that the average U.S. debt-carrying household is responsible for at least $16,000 in...
Financial difficulty is one of the main reasons that Ohio couples file for divorce. While ending the marriage may be the best option for your individual situation, this option does not mean that your financial struggles will be over once the process is finalized. In...
Ohio music fans may be interested to hear that rapper DMX has filed for his third bankruptcy since 2009. The first case was thrown out for unreasonable delays while the 2013 bankruptcy was discarded because the judge believed that the rapper was misrepresenting his...
