Forbes recently came out with an article on retail bankruptcy in January; when holiday sales have failed to boost a store’s sagging profits and ease its debts, the company might file for bankruptcy. It’s also important to note that, in addition to seeing a possible spate of business bankruptcies, January might also be a time […]
As discussed in a recent article from Cleveland.com, the Consumer Financial Protection Bureau released a report analyzing various kinds of debt. What types of debt show up most frequently on people’s credit reports? As it turns out, unpaid medical bills top the list, accounting for roughly 52% of the debts reported to credit bureaus. What […]
The IRS has a reputation as a strong-armed bully that won’t release people from tax debts no matter what the circumstances. However, the truth is that some tax debts are dischargeable in bankruptcy if they meet specific conditions outlined by the IRS. If you are considering bankruptcy, it is important to consult with a Sidney, Ohio bankruptcy attorney first. Exceptions […]
Going through bankruptcy is not something that people look forward to doing, but it is the correct decision for many individuals as it allows them to start fresh with their financial situation. Using a Dayton, Ohio bankruptcy attorney is ideal because an experienced professional can provide their knowledge and expertise to assist with the entire bankruptcy process Receiving this […]
Is your desk covered with a stack of unopened bills? Have you been struggling to make your mortgage but instead keep falling further behind? Do you wake up every day and immediately start worrying that you will never be able to pay off a mountain of accumulated debt? If any of these sounds like you, […]
From time to time, it’s worthwhile to look at high-profile bankruptcy cases in the news in order to learn from them. Maybe there are lessons for what to avoid when it comes to our own financial decisions or for what to do when you experience money troubles. Recently, a star player for the Columbus Blue […]
Life is unpredictable and sometimes married couples find themselves facing vastly different credit situations. It could be one spouse came into the marriage with a large amount of debt or it could be that an impending separation has caused one partner to make unwise financial choices. Whatever the reason, sometimes one spouse considers filing for […]
In recent years, there have been numerous home foreclosures around the US. According to a 2013 report from Policy Matters Ohio, there were 70,469 foreclosures filed in Ohio in 2012 – a slight decrease from 2011, but still a high number. After people file a foreclosure, they do their best to rebuild their lives (and […]
When managed well, bankruptcy has the potential to help you restart your life and re-organize your finances. One of the important benefits that bankruptcy can give you is breathing room from creditors. Automatic stay When creditors are pursuing you, the pressure can be intense. They may refuse to negotiate with you. They may call you […]
One of people’s chief concerns about filing for bankruptcy is the impact it will have on their credit score. They imagine that it will take years and years to improve their credit score, and the bankruptcy will have an irreversible impact on their ability to apply for loans or undertake other financial transactions in the […]