Blog
There is good news in economic reports that have come out over the past several months. As the Great Recession fades for people in Ohio and elsewhere, the number of foreclosure cases and distressed properties has begun to decline. The evidence of this was apparent in a recent report of such matters in the state. According to the report, the…
Ohio readers will likely be familiar with the name of famed former attorney F. Lee Bailey. Bailey gained fame defending people like O.J. Simpson and others. What readers may not be as familiar with is Bailey’s second recent bankruptcy filing. According a recent report, Bailey filed a Chapter 7 bankruptcy in his home state last year. At that time, he…
Economic problems can hit a business, regardless of the size of the company, at any time, as many business owners in Ohio know well. This is particularly true if an item that the company produces is found to be faulty or to have injured those who use it. This is what happened to a global company that caused it to accumulate…
Imagine you have a family of five and you’re struggling to make ends meet financially. It can be so tempting to charge something on a credit card so you can put food on the table one week. However, if this becomes a habit your debt problems can snowball fast. If you’re in a situation like this, you probably want to…
In Ohio and elsewhere, the retail sector is struggling. This is particularly true for so-called brick and mortar establishments, both big and small. They have taken on additional business debt as they struggle to compete with online retailers with little to no overhead costs. Large stores and chains like JCrew, Sears, Charming Charlies, Eddie Bauer and others have been affected. Other,…
The moment a physician gives a cancer diagnosis is a life changing moment. Those who are battling this disease may seek recommended treatments and medications. Unfortunately, the costs associated with these treatments are often very high. Even those who have insurance may find they are left with a large medical bill. Just how expensive is cancer treatment? The costs of…
It only makes sense that the first indoor shopping mall was built in a state known for extreme cold weather. As residents braced for yet another winter, the warm confines of Southdale Center opened its doors on October 8, 1956. Large retail outlets soon dotted the landscape nationwide as shoppers flocked to make all of their purchases under one roof.…
News stories, commentary in opinion columns and open debate throughout the county have frequently addressed the rising costs of healthcare. While the politics of health insurance and health coverage remain brisk – and often divisive – costs are not always manageable for people in the Cincinnati area. Staying healthy is not always something any of us can truly control. Even…
When Ohio consumers experience financial difficulties, they will likely explore their options to find remedies. While a bankruptcy filing may prevent foreclosure, a homeowner may be unsure of precisely when would be the most appropriate time to file. Should they file for bankruptcy in advance when they realize foreclosure is imminent, or should they wait until they receive advice that…
Credit card debt that rolls over from month to month accumulates rapidly. Filing for bankruptcy might eventually be the only way to get back on track. Ohio consumers may be interested in the findings of an economist at a university in another state. He found that credit card companies use psychology to get people to pay the minimum amounts. Researchers…