Bankruptcy is an option for some Ohio consumers who are struggling under the weight of heavy debt. While filings have fallen nationwide, some parts of the country still have a high rate. Ohio is number 10 in the list of states with the highest filing rates per capita....
Ohio residents who file for Chapter 7 bankruptcy must turn over all of their nonexempt assets to a bankruptcy trustee so that the assets can be liquidated to pay off creditors. If an individual earns income after a bankruptcy case has commenced, this money does not...
Ohio consumers who decide to file for bankruptcy protection may choose between Chapter 7 and Chapter 13 bankruptcy if they are eligible. While many people opt to file under Chapter 7, there are some situations in which Chapter 13 is a better option. A case decided in...
Financially, things are materially improving in Ohio and nationally, in the long wake of the country's so-called Great Recession that launched with frightening and sustained ferocity back in 2007. But, where statistics are concerned, it invariably seems to be the case...
Many readers of our Ohio bankruptcy blog perhaps know a thing or two -- or, unfortunately, much more -- about the underside of the country's vast debt collection industry. Their knowledge might come from the anecdotal imparting of adverse information supplied by...
No one at any age likes to be taken by surprise in a manner that potentially -- and, too often, actually -- takes money from their wallet and seriously threatens their financial stability. And, for obvious reasons, that especially applies to seniors who are living --...
For many people across northeastern Ohio and elsewhere facing formidable financial challenges, the sources of fear and frustration can seem broad-based and ever growing, indeed. Put another way: Although some individuals and families can easily enough become...
In bygone years, you might have been an enigma on your block if you related to your neighbors and acquaintances that someone who made representations to you on the phone or through the mail turned out to be a scam artist intent on somehow defrauding you. Sadly, and as...
It is true that filing for bankruptcy can have an effect on credit scores. However, those scores have the ability to be rebuilt over time if Ohio residents are willing to put in the effort. The different types of consumer bankruptcy may affect when individuals need to...
Many Ohio residents may feel as if bankruptcy may not be right for them because they have heard that filing will negatively affect credit scores. While it is true that bankruptcy will have an effect on such scores, that reason alone may not be worth disregarding this...
