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When faced with significant debt, one kind of response that people give is to deny the situation. They might not look closely at the numbers. They might leave their bills or other correspondence unopened and shoved to the side. Their spending habits might continue unchanged. Denial serves a temporary benefit, providing stress relief. But the […]

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 […]

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 […]