Though Ohio laws on payday loans have changed over the year, one thing remains clear: Payday loans seem like a simple solution, but they are very costly and hard to get out of. Whenever possible, avoid them. If you already have them, it’s essential to know your rights. How Do Payday Loans Work? The traditional […]
Chapter 7 According to the U.S. Bankruptcy Code, Chapter 7 bankruptcy will, in most cases, discharge an individual’s debt. In fact, it is estimated that a discharge of debt is received in 99 percent of Chapter 7 bankruptcy cases. This form of bankruptcy is often referred to as “straight bankruptcy” or a “fresh start.” A […]
In 2005, President George W. Bush passed anti-fraud bankruptcy legislation that made it more difficult for some people to file bankruptcy. Although people who have filed for bankruptcy in the past 10 years must meet several additional criteria, the majority still qualify. If you are currently overwhelmed by debt and are wondering if bankruptcy is […]
Ohio foreclosure law requires a mortgage lender to file a civil complaint to foreclosure a mortgage. In other words, a mortgage lender cannot simply “seize” the property without going through the court system. In some states, a lender can obtain title to the property through a nonjudicial foreclosure such as a sheriff’s sale. A Foreclosure […]
When you die, will your property be sold to pay your creditors? Are your loved ones required to pay your debts even if you don’t have enough assets to cover your debts? Because the answers to these questions can be complicated depending on your situation, it is important to seek the advice of an experienced […]
A recent study confirmed what every bankruptcy attorney already knows. Despite the mortgage crisis and rising credit card debt, medical debt is the leading cause of bankruptcy in America. Sadly, this type of debt doesn’t just happen to people without insurance. High deductible plans leave many families with medical debt they cannot pay off. There is a […]
After filing for Chapter 7 or Chapter 13 bankruptcy, you’ll need to meet with your creditors about a month after the filing date in what’s called a 341 meeting. It’s important to be prepared for the 341 meeting and comply with the requests made by your bankruptcy trustee so that the bankruptcy process proceeds as […]