Bankruptcy absolves consumers of some debts if they see no other alternative to their financial situation. Those who qualify often choose Chapter 7 bankruptcy because of the simplicity of it. However, many filers may wonder if they will lose their home. Mortgages...
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What is a Chapter 13 repayment plan?
You have a few different options when you file for bankruptcy in Ohio. Some people file for Chapter 7 bankruptcy, but they might have to give up a few of their assets to pay off their debts. If you want to keep most of your assets, Chapter 13 offers a different way to...
Making the most of an automatic stay
Whether you file for bankruptcy in Ohio or any other state, you will be granted an automatic stay of creditor contact. In most cases, the stay goes into effect as soon as your petition is received by a bankruptcy court. Once it is in effect, creditors cannot make...
Understanding and stopping the repossession process
If you find yourself overwhelmed by debt, chances are that you are also dealing with phone calls from creditors and dealing with threats of certain collection actions, including repossession. You may be wondering if an Ohio creditor can actually take your vehicle, and...
Bankruptcy topics: Is your debt secured or unsecured?
Your financial situation may have reached a level where you can no longer keep your head above water. You began looking for debt relief alternatives, and you believe that bankruptcy may be a viable option for you. When you explore the possibility further, you begin to...
Payday loan traps use your anxiety as bait
To say that payday loans are a trap may be an understatement, in the opinion of many financial counselors. The payday loan industry entices borrowers who are desperate or don't have the time or resources to investigate other ways to solve their financial crises....
Beginning bankruptcy: Do you know how to petition the court?
After deciding to take the leap and move forward with bankruptcy to address your overwhelming debt, you may feel a sense of empowerment due to having a solid direction in which you would like to move. Of course, the bankruptcy process involves several steps, and that...
