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November 2016 Archives

Learn how to pay off your debt

Most people might have to face heavy debt at least once during their lifetime. Financial burden can take several forms. If you are facing a serious financial burden, you have the option of filing for personal bankruptcy. Filing for bankruptcy is often used as a last resort and can be an effective solution to get out of debt. However, it may also affect your credit score and might make it difficult for you to get credit or purchase a home in the future. Besides the option of declaring bankruptcy, you can try to pay down your debt.

Dealing with student loans

There are a number of ways to pay off student loan debt. Failing to pay off your loan might have severe consequences. There are certain government programs that may help when you are struggling with student loan payment. These programs either limit monthly payments to a fixed percentage of your discretionary income, or absolve you of your federal loans. However there is a strict eligibility criteria for such programs and only people who meet certain requirements can benefit from them.

How Chapter 13 works

Chapter 13 bankruptcy comes under Title 11 of the U.S. Code. Also known as reorganization bankruptcy or a wage earner's plan, Chapter 13 helps you impose a debt management plan on your creditors. Chapter 13 allows individuals to reschedule their debt and span it over the duration of the payment plan. Instead of selling assets to repay the debt, the debtor may use their gross income. Under Chapter 13 you may get to keep your assets. If you meet all necessary requirements, the creditors will have to follow the proposed debt management plan.


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Rauser & Associates Legal Clinic LLP
1 Cascade Plaza 
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Akron, OH 44308
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Rauser & Associates Legal Clinic LLP
401 W. Tuscarawas
Suite 400
Canton, OH 44702
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Rauser & Associates Legal Clinic LLP
5 East Long Street, Suite 300
Columbus, OH 43215

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Rauser & Associates Legal Clinic LLP
26 Market Street
Suite 1001
Youngstown, OH 44503
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Rauser & Associates Legal Clinic LLP
316 North Michigan Street, Suite 420 
Toledo, OH 43604
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Cleveland Office
Rauser & Associates Legal Clinic LLP
614 West Superior Avenue, Suite 950
Cleveland, OH 44113
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Independence Office
Rauser & Associates Legal Clinic LLP
5005 Rockside Road
Suite 600-128
Independence, OH 44131
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Rauser & Associates Legal Clinic LLP
2000 Auburn Drive
1 Chagrin Highlands Suite 200
Beachwood, OH 44122
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Rauser & Associates Legal Clinic LLP
347 Midway Mall Blvd
Suite 201
Elyria, OH 44035
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