So, you’ve decided that you’ve had enough of the constant phone calls from bill collectors and the never-ending stress of debt. You would like to file for bankruptcy but you’re not sure which chapter would be right for you. Here are a couple of things to consider. What are your assets? Bankruptcy laws allow for […]
Bankruptcy isn’t an easy choice to make; it’s messy, complicated and damaging to your credit. Bankruptcy, however, is a good answer to stall foreclosure. Creditors are going to retrieve what’s theirs; you need a way to fight back. A Dayton, Ohio Bankruptcy Attorney will assist with Chapter 7 or chapter 13 can stop foreclosure using bankruptcy…albeit […]
Filing bankruptcy erases a lot of debt; student loan debt isn’t one of them. Because we hear and read this it is assumed that student loan debt is not qualified for discharge. Many don’t bother adding it because it’s impossible. Many people wonder if student loan debt could be erased yet don’t ask for help. […]
Friends, family, co-workers, neighbors, spouse: co-signers come in all forms. Those co-signers are the reason borrowers can purchase that car, house or boat. They are the reason borrowers are trusted with credit cards, loans and mortgages. So when we file bankruptcy borrowers are saving their skin but neglecting the ones that saved it in the […]
After you tried everything you could to get out of debt, bankruptcy is the final option. It’s the eraser that starts your life over from scratch, and it has its own share of financial consequences. Filing for bankruptcy costs money – money you don’t have. There are people here in Ohio that want to file […]
Unfortunately, many people put off filing for bankruptcy when they really should because they’re nervous about how having a bankruptcy on their credit report will affect their ability to purchase a house later on in their lives. As your Dayton, Ohio Bankruptcy Attorney, I would like to provide you with a little bit of insight on […]
As reported by the Detroit News, a man was convicted of violating several orders from the United States Bankruptcy Court prohibiting him from filing petitions for people. Bankruptcy petition preparers can do some tasks to prepare paperwork but such work is limited. Bankruptcy is a complex legal proceeding and petition preparers are not authorized nor […]
One common myth about bankruptcy is that your credit is forever ruined. You’ll never qualify for a loan again. This is simply not true. Once your debts have been discharged through Chapter 7 or Chapter 13 bankruptcy, you can take proactive steps to start improving your credit score. Consider these three steps. Check behind your […]
While owing debt is generally stressful, one of the most unpleasant experiences associated with it is having to deal with telephone calls and letters from creditors and collection agencies. Before we get into the discussion of how filing for bankruptcy can help, you should know that there are some limits to how debt collectors may […]
Garnishing the wages of someone struggling financially seems like adding salt to a wound. It’s painful. Not only are you dealing with mounting debt, but now your monthly income is being reduced. However, it’s legal for a creditor to obtain a court judgement approving wage garnishment, resulting in less money in your pocket, tarnishing your […]