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When a local woman was facing an unexpected wage garnishment that was draining up to 25% of her wages, she approached the experienced bankruptcy lawyers of Minnillo Law Group for help. To stop the garnishment, she filed a Chapter 13 bankruptcy in Cincinnati to invoke the “automatic stay” to stop the wage garnishment. The automatic stay is at the core…
As a result of the staggering economy, more and more people are finding it difficult to pay their bills. As a result, the payday loan industry has popped up to lend a hand to cash-strapped consumers. These entities have been lifesavers for many people in desperate need of financial assistance. However, doing business with these so-called loan sharks, or quickie loan companies,…
The lien stripping process is available to debtors facing Chapter 13 bankruptcy in Ohio, but what is it? Homeowners know that today’s housing market has diminished the equity in their most important investment. As a result of the housing crisis, many Ohio homeowners are “underwater” on their homes, meaning they owe more on their home than it’s worth. Still more…
U.S. medical debt has become one of the top causes of bankruptcy filings in the U.S. as a result of skyrocketing and uncontrollable costs of healthcare. Fortunately, due to pressure from Congress and regulators about concerns regarding medical bill debt collectors, proactive measures are in full force. In 2020, the Healthcare Financial Management Association, an association that includes hospitals and healthcare…
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…