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Consumer bankruptcy is a useful tool afforded to Americans by federal statute that can significantly help those who have found themselves burdened by an unmanageable load of debt due to any number of unpredictable life situations. Losing a job, unexpected sickness and the subsequent medical bills, as well as the struggling economy are only a few of the factors that…
As the economy continues to pull itself from the depths of the recession many Ohio residents are experiencing that same slow rise; some of them are impeded by their outstanding debts to a number of creditors. To make matters worse, it turns out that for debt collectors and creditors there are new methods available to force those who owe into…
It is the nature of competitive business that some companies will struggle to run their operations effectively. It is often not enough to simply break even financially, but rather to make enough sales to earn a profit. When a company experiences significant and ongoing business debt, it may be forced to file for bankruptcy. However, before taking that step sometimes…
Chapter 11 bankruptcy presents businesses in Ohio and elsewhere with a unique opportunity to rebalance their assets and reorganize their debts. Like other types of bankruptcy, Chapter 11 also allows businesses the chance for a fresh start. However, filing for Chapter 11 can be costly and should be carefully considered. Recently, a company called Todd-Soundelux, previously known as CSS Studios,…
Many Ohio real estate specialists will tell you that having a foreclosure in your neighborhood can drive down the selling price of the rest of the homes on your block. But the effect may be more than financial. A recent study published by a journal of the American Heart Association found that having foreclosures in your neighborhood can also increase…
Although the economy seems to be improving, many families in Cincinnati are still struggling. Many households are still attempting to recover from a stint of unemployment, and this often means struggling to get on top of bills that have gone into debt collection. For many families, they are in too deep to recover. According to the Consumer Financial Protection Bureau’s most…
Many people in Cincinnati and throughout Ohio live in constant fear of the next ring of their telephone because they worry that on the other end of phone there might be a creditor ready to harass them about why they have not made their payments. As an author of a book on the subject suggests in a recent news article,…
A nonprofit’s annual study of foreclosures in Cincinnati and Hamilton County found reason for homeowners to feel hopeful, as well as continuing cause for concern. The number of foreclosure sales in 2013 was down 17.5 percent. Twenty-four percent fewer foreclosure proceedings were initiated during the year. Despite the good news, the group pointed out that there were 22,000 foreclosures in the county…
Tough times are ahead for Geneva-based company A2 Services LLC, doing business as Geneva Pipeline, as the company is filing for bankruptcy. Their Chapter 11 bankruptcy petition was filed recently with the Bankruptcy Court of the Northern District of Ohio, and in it, Geneva Pipeline has stated that it intends to reorganize. Clearly some great challenges are on the horizon…
Military personnel, veterans, and their families are often the targets of aggressive or unscrupulous debt collectors. Now that the Consumer Financial Protection Bureau is keeping statistics, it’s possible to quantify a degree to which abusive debt collectors target service members in Ohio, Kentucky, and elsewhere around the country. Military Abusive Debt Collection Complaints The bureau first began to take complaints in…