Debt relief agencies as well as anyone who acts as a Dayton bankruptcy lawyer have seen people make some mistakes when they are in the midst of a debt crisis. These are some common mistakes that people often make thinking they can work out the debt on their own; regardless of how bad it seems […]
Beginning March 27 of this year, the Ohio homestead exemption was given a huge increase. The state legislature approved increasing the exemption from $21,625 to $132,900. This increase is significant to homeowners filing Chapter 7 bankruptcy, and should result in more people being able to keep their homes. How Homestead Exemption Works Homestead exemption refers […]
Known as the ‘debt adjuster’s plan’ or ‘wage earners plan.’ chapter 13 bankruptcy is a popular bankruptcy choice for individuals. Chapter 13 Bankruptcy has two sets of benefits. One is the advantages of filing bankruptcy; the other is the bonuses of filing a chapter 13 bankruptcy. The Advantages of a Chapter 13 bankruptcy Wipe unsecured […]
Suddenly becoming unemployed and finding yourself deep in debt can be overwhelming. Many people go to whatever means possible to avoid filing for bankruptcy, even emptying their 401k or retirement accounts. While it’s admirable to go to great lengths to pay your debtors and support your family, dipping into your 401k is not a good […]
Back in 2009 and 2010, a lot of people were facing the prospect of losing their homes – many of them wrongly. Some were military members who were evicted without the court order that’s required by law. Some applied for a modification to their mortgage and were foreclosed on due to mistakes that were made […]
According to data that was recently released by the Ohio Supreme Court, foreclosures in the Buckeye State continue to be a problem. Last year, 70,469 homes were foreclosed on, and this number is about four times higher than it was just two decades ago. The number of foreclosures in 2012 was only slightly lower than […]
Dayton is home to Wright-Patterson Air Force Base, a sprawling installation that has more than 27,000 military and civilian workers. Many of these workers are required to maintain a security clearance in order to retain their jobs. With budget cuts looming, many Wright Patterson employees who are already struggling could be faced with an excruciating […]
Bankruptcy will get rid of medical debt, credit card debt, and debt on repossessed vehicles Bankruptcy is a POWERFUL tool that gives people in financial trouble breathing room so that they may get their fiscal affairs in order. Once a bankruptcy is filed, that person or persons (if married) are not allowed to be contacted […]
If you currently live in Ohio you understand the current foreclosure situation. Because of a lackluster economy, rising prices, and poor job market, it has been difficult for homeowners to meet their mortgage payments. The following data explains both the foreclosure situation in Ohio and how it relates to the rest of the country. Increase […]
The foreclosure process is often an emotional and confusing time for families. Unfortunately, for many homeowners the hardships do not end when the foreclosure is over. In the economic recession our nation has experienced over the last few years, many homeowners have mistakenly thought they could just walk away from a home and start over. […]