Issues arising from the 2008 housing market collapse that swept through Ohio have taken bankruptcy law to the U.S. Supreme Court. In the oral arguments presented for Bank of America vs. Caulkett, the lawyer for the lender argued that the 11th Circuit Court of Appeals...
When an Ohio resident considers filing for Chapter 7 bankruptcy, they may not fully understand a number of elements involved in the process. For example, some individuals might have questions about working with a bankruptcy trustee. In addition, a consumer may not...
Many Ohio residents make use of credit cards, but a large number of these individuals may be unaware of arbitration clauses that restrict their ability to sue in the event of alleged wrongdoing by the company. According to the Consumer Financial Protection Bureau,...
For many Ohio residents, filing for bankruptcy may seem to be something that is only done by those who have no other choice. While declaring bankruptcy is a serious decision, it can actually work to restore a person's credit rather quickly in addition to the other...
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...
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...
Individuals in Ohio who have faced medical issues may also be struggling to pay their bills. Medical bills are among the most common ones received by collection agencies, and medical debt is a leading cause of bankruptcy. Some consumer advocates argue that medical...
In some cases, small business owners in Ohio may be able to keep their businesses after filing for bankruptcy. If the debtor owns a sole proprietorship, for instance, they can file for personal bankruptcy and perhaps keep the business. An individual may choose to file...
According to the Consumer Financial Protection Bureau, more than half of all consumer debt is attributable to medical bills. Even when Ohio patients are indigent and qualify for a hospital aid program, they may still be held liable to pay for such things as...
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...
