Government-backed student loan debt almost always survives a bankruptcy discharge. Unless you are severely, permanently disabled and unable to work, your loans will likely still be there long after the court grants your discharge. So, is there any benefit to filing for bankruptcy if your school loans are overwhelming? A Chapter 13 Plan Dayton, Ohio […]
What is Chapter 7? Chapter 7 discharges most debt. 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 […]
If you are struggling to meet your monthly financial obligations, and barely earning enough to make it paycheck to paycheck, a wage garnishment can be more than an inconvenience. It can be absolutely devastating. Ohio law allows for wage garnishments. It also provides relief for some garnishments by way of bankruptcy. What is a Wage […]
One of the challenges faced when filing bankruptcy is dealing with automobiles. This is even more challenging when a couple is filing joint bankruptcy and they owe money on one or more automobiles. Because it is important to understand just how to deal with cars, a Troy, Ohio Bankruptcy Attorney explains the various options. When […]
Q: Do the laws enacted in 2005 affect what type of bankruptcy I can file? A: Yes. In order to be eligible receive a discharge in a Chapter 7 Bankruptcy your household income must be lower than the average income for that household size in Ohio, or you must “qualify” through the “means test.” The […]
An important piece of legislation that most average consumers seem woefully under-informed about is the FCRA, or Fair Credit Reporting Act. We believe it is important that all Ohio residents have at least a working understanding of this law. Without such an understanding, they are at risk for being taken advantage of by debt collectors. […]
According to data reported by the AARP, over the past couple of decades, bankruptcy filings among senior citizens have increased significantly, particularly for individuals between the ages of 75-84. Huge medical expenses and financial miscalculations jeopardise the security that seniors hope to experience in their golden years. If you’re in such a situation, bankruptcy may […]
A common misconception about bankruptcy is that once your debt is discharged, your credit score is tarnished permanently—this simply isn’t the case. Discharging your debt through Chapter 7 or Chapter 13 bankruptcy can present you with the unique opportunity to repair your credit score quickly. In this article, we’ll review some things you can do […]
Lender Processing Services Inc. has reached a $120 million settlement with Ohio and 45 other states. Complaints filed in the case have been resolved due to the company’s rush to submit falsified documents with the courts. LPS, Inc. has 20 major offices countrywide, one of which is located in Ohio. The Ohio Attorney General’s Office […]
With mortgage interest rates record lows, many homeowners are scrambling to lock in savings by refinancing. In addition, according to some data, nearly 2.2 million homeowners have refinanced a mortgage at least twice since 2009. Some borrowers are being enticed by lenders offering to waive some or all of the closing costs associated with a […]