Thousands of people file for bankruptcy in Ohio and around the country every year, but countless others choose instead to endure unmanageable financial situations. There are several myths and misconceptions surrounding bankruptcy, which is why people who would benefit...
Chapter 13 Bankruptcy
How mortgages get treated in bankruptcy
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...
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...
Should you choose bankruptcy or debt consolidation?
When you are struggling with bills you cannot afford to pay, you might have some confusion about the various debt relief options. From debt counseling to mortgage modification, debt consolidation to bankruptcy, how can you determine which route is best for your...
Get to know your bankruptcy trustee at the 341 meeting
The 341 meeting is an important stop on your journey to a brighter financial future. Officially, this is a meeting of creditors, but it is also where you and your trustee will meet for the first time. Why the name Whether you file Chapter 7 or Chapter 13, you must...
What you can keep when you file bankruptcy
Filing for bankruptcy could appear intimidating, especially if there are concerns over how laws may allow an individual to keep certain types of property. A common myth is that petitioners must always sell their house, car or other assets to pay back creditors. ...
Make missed mortgage payments a hiccup, not havoc
You thought losing your job was the worst that could happen– until you got too far behind on your mortgage. Now you’re at risk of losing your house, and you don’t know where to turn. Over 33,000 foreclosure cases were filed in Ohio last year. Things can seem hopeless...
I want to file for bankruptcy: should I choose Chapter 7 or 13?
If you've made the decision that you want to find relief from debt through bankruptcy, it can be challenging to know what type will most benefit you. Both Chapter 7 and Chapter 13 can help you get your life back on track, but there are critical differences between the...
Student loans: the numbers and solutions
When the topic of personal debt is brought to mind, credit card accounts are typically at the forefront of concern. Yet another type of debt that has recently moved to the center of public attention in Ohio is that produced by student loans. An overwhelming number of...
