Bankruptcy and promissory notes can be a complicated matter. When you decide to file for bankruptcy, you are required to disclose all your debts including any promissory notes. Just to be clear, a promissory note is a legal and binding contract or agreement between two or more individuals to repay a debt according to specified […]
According to data reported by the AARP, over the past couple of decades, bankruptcy filings among senior citizens have increased significantly, particularly for individuals between the ages of 75-84. Huge medical expenses and financial miscalculations jeopardise the security that seniors hope to experience in their golden years. If you’re in such a situation, bankruptcy may […]
A common misconception about bankruptcy is that once your debt is discharged, your credit score is tarnished permanently—this simply isn’t the case. Discharging your debt through Chapter 7 or Chapter 13 bankruptcy can present you with the unique opportunity to repair your credit score quickly. In this article, we’ll review some things you can do […]
A recent study revealed unpaid medical bills to be the number one cause of bankruptcy in America, surpassing credit card bills and unpaid mortgages. It’s estimated that nearly two million people will file for bankruptcy this year because of medical bills they are unable to pay. The research was done by NerdWallet Health, a division […]
Unfortunately, many small businesses have a great idea for a product or a service, yet the time they choose to launch just isn’t the right time. As a result, they end up with their finances in a mess. If you’re in a similar situation, the good news is, all hope is not lost for your […]
Bankruptcy and Divorce: What you need to know Unfortunately when you are filing for divorce and bankruptcy becomes the only option out of mounting debt, you can face increased problems pertaining to the bankruptcy. In order to sort through the issues, we must first take a look at marriage dissolution in family court and what […]
In my work as a Dayton bankruptcy lawyer, it is my job to know all the nuances of the various forms of bankruptcy and to help my clients select the right bankruptcy options. There’s a good chance that you are reading this blog post because you want to know more about bankruptcy, so I thought […]
Since each bankruptcy case is unique, it is important for an individual to know which option is best. There are many differentiating factors involved; such as, one’s current finances, assets, and ability to pay back debt. These issues can heavily influence whether a Chapter 13 or a Chapter 7 bankruptcy may be the correct choice. […]
If you are considering bankruptcy but are afraid of how long it will take to build your credit back up afterwards, do not fear. The process may take some time, but it can be done in a shorter amount of time than you think if you are willing to take a few steps out on […]
Ohio Payday loans are cash advances for consumers who don’t usually qualify for traditional bank loans. They are an easy source of emergency cash, but they also make it easy to get caught up in an endless cycle of debt. It’s important to know how Payday loans work in Ohio and how bankruptcy can help […]