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Many people contemplating bankruptcy are likely feeling very stressed. They are drowning in debt and feel helpless because they can’t pay back what they owe. However, they are also likely experiencing a whole host of other emotional issues such as feeling embarrassed, frustrated, and scared. When people hear that they have to go to court, the anxiety only increases. So,…
For individuals that find themselves in too much debt, bankruptcy can be a lifesaver. Those who qualify for Chapter 7 bankruptcy, for instance, can erase their debt, walk away with a clean financial slate and start over. Post bankruptcy, many consumers change their spending habits and become much more diligent with their budgets. However, life throws us constant curveballs that…
The market has not been the best for homeowners in recent years. In a difficult economy, many homeowners have found themselves struggling to make payments on their homes and falling behind. When this happens, their houses fall into foreclosure. However, in 2012 the Ohio Supreme Court ruled on a case that offers hope to those in Ohio facing foreclosures. The…
Those struggling to pay credit card debt are likely facing daily harassment by lenders or credit card companies. Fortunately, bankruptcy is available for these struggling individuals. And, once a bankruptcy petition is filed, there’s an automatic stay. This means that once an individual files for bankruptcy, lenders are barred from harassing debtors any further. And, if a bankruptcy is later completed, lenders…
Families choosing bankruptcy as relief from major financial struggles can luckily look to the future with hope. Many might think that a particularly cherished goal, home ownership, might seem to be beyond their grasp after filing. However, qualifying for a mortgage post-bankruptcy is very much a possibility. But what’s involved with getting a mortgage after bankruptcy and how long do…
Bankruptcy for senior citizens can be beneficial for some. The National Council on Aging reports that retirement is far from “golden” for all older adults. Over 23 million Americans age 60 and older are “economically insecure” and subsist at the federal poverty level or below. These seniors struggle with everything from high health care bills and inadequate nutrition to a…
Are you dealing with creditor harassment even after bankruptcy? Some bill collectors just don’t quit, do they? Even after you have taken the difficult step of declaring bankruptcy to get a fresh start, some creditors and debt collectors keep calling you, writing you, and even continuing to sue you for debts that were included in your bankruptcy. Our creditor harassment…
One of the leading reasons why people seek bankruptcy protection is burdensome medical debt. With the costs of medical procedures as high as they are now, even people with health insurance can quickly become overwhelmed with medical debt. Although the treatment costs for many medical conditions can potentially lead to bankruptcy, studies have found that cancer patients are the most…
Hiring a bankruptcy lawyer can help consumers understand their rights and options, avoid filing errors and know what to expect as the case progresses. In a typical year, thousands of Cincinnati residents will navigate the complex and life-changing process of filing for bankruptcy. Just during the first quarter of 2016, over 2,800 people in Hamilton County filed for bankruptcy, according…
Being properly educated about bankruptcy is important before deciding whether or not it can help you. Over the past few years, reports have indicated that the nation’s economy is improving. While that may be true that does not mean that every individual’s financial situation has improved. Many consumers in Cincinnati continue to struggle to make ends meet and to keep…