For Cleveland residents with low incomes, creating a reasonable budget can seem all but impossible. After regular expenses are satisfied, you may find that you have very little money to work with in terms of saving. However, there are methods you can utilize that will allow you to create a common-sense budget and possibly save a little money in the process, even with a low income.
Mortgages and Chapter 13 bankruptcies
Ohio homeowners who are struggling with serious financial challenges may understandably be considering filing for bankruptcy. The debt relief that may be achieved through a bankruptcy filing has helped countless people move forward passed their debts and develop stronger financial futures. However, for those people who own homes, it is important to understand how a mortgage factors into the bankruptcy equation.
How to recognize illegal debt collection methods
These days, you may find it easy to fall into debt, thanks to factors such as Ohio’s high cost of living and the challenges associated with paying medical bills, student loans and other necessary expenditures. If your debt is of, say, the credit card or medical variety, you may attract the unwanted attention of a debt collector, and some of the tactics they may use to frighten you are not only unethical, but illegal. At Rauser & Associates Legal Clinic LLP, we have a firm understanding of the difference between legal and illegal debt collection methods, and we use this knowledge to help numerous clients find relief from creditor harassment.
How are student loans handled in Chapter 13 bankruptcy?
People in Ohio and all over the nation are struggling to repay student loans, often well into adulthood. Because failure to keep current on student loans can result in continued creditor harassment and other issues, many people have considered filing for Chapter 13 bankruptcy as a means of tackling outstanding debt once and for all. If you find yourself in this situation, you may be wondering just how student loans are handled under Chapter 13 bankruptcy.
Can bankruptcy help me with my student loans?
If you have asked yourself this question, you are in good company. Thousands of college students graduate from college every year, and a majority of them leaves school saddled with a significant amount of loan debt. It can be difficult to get a job right away, and, consequently, it can be difficult to pay a loan with no money.
