Debts, creditors and collection agencies have one thing in common: ignoring them is not a sound strategy to make them go away. A frustrated creditor may turn to a collection agency; and a frustrated collection agency may turn to litigation in an attempt to make you...
Month: October 2015
What happens if I try to avoid my creditors by ignoring them?
As a general rule it is not advisable to attempt to “hide” from your creditors if you are experiencing financial difficulties, because Ohio law provides them with mechanisms to seek out what money you do have on hand or in the form of wages to recover what they are...
Zombie foreclosures on the decline in central Ohio
When a home is foreclosed upon, the homeowner will often vacate the premises. After all, the house is being taken back by the bank, whether the owner likes it or not. They take the opportunity to move on with their life and leave the house behind. But if the bank does...
Hedge funds moving aggressively into home foreclosures
Many homeowners who encounter difficulty keeping up with their mortgages will seek to use any of a variety of ways to try to stay in their home. These will frequently involve some form of an attempt to modify the terms of their mortgage, lowering the payments and...
Ohio small business bankruptcy risk caused by unsound loans
Small business owners in Hamilton County could be at risk of a national trend involving business loans. Unless you own a business with a strong, consistent cash flow and years of financial statements to offer to lenders, getting a business loan from a bank can be a...
