Sometimes, small mistakes can turn out to cause significant damage to a consumer's credit. Every time a creditor sells an unpaid debt to another collection agency -- which is quite common -- it may show as a separate debt on the individual's credit report. Consumers...
Month: November 2016
Can small business bankruptcy prevent closing the doors?
Many small business owners in Ohio open their new ventures with high expectations of success. Unfortunately, unforeseen circumstances sometimes lead to financial difficulties that are insurmountable. While small business bankruptcy is an option, deciding which...
Excessive interest on store credit cards can lead to bankruptcy
Some consumers in Ohio have accumulated mountains of debts on store credit cards, and with the holiday shopping season coming up, there will once again be many tempting offers. Signing up for these credit cards typically includes irresistible rewards, and the...
Can anybody file for Chapter 7 bankruptcy?
Although the intention of the U.S. Bankruptcy Code is to give consumers in Ohio and other states the opportunity to regain financial stability, it also wants to make sure that those who can pay at least some debts do not get them all discharged. That is the difference...
Steps can be taken to avoid bankruptcy by reducing business debt
Entrepreneurs in Ohio who established small businesses with great intentions and high hopes of success will naturally be devastated if financial difficulties become overwhelming. While their first inclination may be to file for bankruptcy to eliminate business debt,...
