If you have been struggling with significant debt, you may want to consider filing for bankruptcy. Becoming bankrupt should only be looked upon as a last resort because of the difficulties it may bring to you as a consumer. Before you decide to file, it is important to know how to assess your finances, prepare […]
Find us on Google+ It’s a difficult moment when someone realizes they must file for bankruptcy. A person may feel frustration because they couldn’t avoid the situation. A small business owner my struggle to let go of what he wanted his business to become. The emotional impact may last long after the bankruptcy has been […]
If you’re filing for Chapter 13 bankruptcy, you’ll need to carefully plan for how it will impact all areas of your life and the lives of loved ones. Many people who file for Chapter 13 bankruptcy have concerns about how it will affect their children. The following are some of the issues that need to […]
In 2012, more than 70,000 foreclosures were filed in Ohio, only slightly lower than the previous year. Despite measures to stem the rate of foreclosures, figures are still twice as high as they have been in the 10 years before the housing market started to crash in 2007. If you are one among those who […]
Civil lawsuits often arise after an automobile accident. When these lawsuits result in a judgment, Ohio motorists can sometimes have their driver’s license suspended if they are unable to pay the amount ordered. Since civil suits can sometimes equate to tens of thousands of dollars, those who are faced with paying such a judgment may […]
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 […]