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When individuals have unexpected life changes, like sudden unemployment or medical expenses, debt can become a crushing weight. Unpaid bills pile up, and all the sudden you wonder how you are going to feed your family this week. No matter your situation, declaring bankruptcy can help you stand on your own two feet again. There are a couple main types…
In an earlier post, we discussed how the Fair Debt Collection Practices Act protects you from creditor harassment. Essentially, the FDCPA prohibits debt collectors from engaging in harassing, deceptive, or unfair practices in order to collect from you. The FDCPA also prohibits debt collectors from trying to collect on time-barred debts. According to Ohio law, debt collectors have eight years…
Starting, building and running a business is a continuous act of courage. It takes courage to overcome self-doubt or the doubts of others about your idea. It takes courage to put your money on the line, or possibly even your property as collateral to secure start-up funding. It takes courage to keep going even if the profits do not start…
Although reports show an overall decline in new foreclosures in the state, a homeowner in Hamilton County facing financial challenges might not be breathing a sigh of relief. Other reports put Ohio ahead of all other states number of homes taken by banks following foreclosure proceedings. Bank repossession of homes in the state was up by more than 50 percent…
When a business finds itself having financial difficulties, one solution to resolving them is Chapter 11. A recent bankruptcy filing by an Ohio corporation that owns the Oneida and Anchor Hocking brands illustrates why business bankruptcy under Chapter 11 is referred to as reorganization. Unlike some other business bankruptcy filings that signal the start of business debt negotiations, the company…
Some Hamilton County, Ohio, residents live with the daily fear that their home, car or even their furniture and personal belongings will be taken away from them to satisfy a consumer debt on which they have defaulted. If you default on payments, your creditors have the legal right to take you to court to obtain a judgment that authorizes them…
You have been putting off the decision for as long as you can, looking for ways to avoid having to petition for bankruptcy. You have exhausted your finances, maxed out your credit, juggled your bills, perhaps even played hide-and-seek with collection agencies. But the time has come when you must face the unpleasant reality that bankruptcy may be the only…
Chapter 7 bankruptcy is often entered into when people have their financial backs against the wall, so it is understandable that many of these same people want the fresh start that is the implied promise of a Chapter 7 to liquidate as much of their debt load as possible. And overall, that is what this form of bankruptcy protection is…
We recently discussed the importance of seeking legal advice from a Hamilton County bankruptcy law attorney when creditors resort to wage garnishment to collect a consumer debt. Another form of debt collection procedure authorized by Ohio law that can be equally harmful to a debtor is the garnishment of property other than earnings or wages. Consumers who fall upon hard…
Aggressive Debt Collection Practices Target Ohio Accident Victims Seeking Hospital Treatment People injured in motor vehicle accidents who seek medical treatment from an Ohio hospital are becoming victims of aggressive debt collection practices. It appears from recent incidents that the hospital has chosen to bypass seeking payment from an injured patient’s insurance company. Instead, it has been billing the patient…