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There were a series of television commercials a few years ago that centered on the theme, “Life comes at you fast.” And when it comes to personal finances, this can certainly be true. An unexpected serious injury or illness, or a divorce, or the unexpected loss of employment can quickly capsize one’s ability to stay within a budget or even…
Assuming that you are an individual and are contemplating bankruptcy as an option for debt relief, you may have wondered about the differences between Chapter 7 and Chapter 13 bankruptcies. There are multiple differences between them to carefully consider, assuming that you have already carefully considered bankruptcy in lieu of other options. Some, but not all of the distinctions between…
Of the various kinds of debt that an individual might seek bankruptcy relief from, federal student loans can be among the most difficult to get out from under. Even if you were not able to complete your degree, or were not able to find work in the same field as your degree, or even if you feel that the quality…
An Ohio homeowner may be among the first individuals to use a provision of the Dodd-Frank law to file a lawsuit against a mortgage servicing company. Although the Dodd-Frank law may be thought of by many as a law dealing largely with securities regulation, one provision deals with a problem that some homeowners have encountered when it comes to properties…
Since the housing market hit a downturn in 2008, many people in Cincinnati, Ohio, and across the country, have had difficulties paying mortgages due to fluctuating variable interest rates. These people are facing the threat of foreclosure, and the prospect of losing their home. In order to know how to deal with foreclosure on your mortgage, and escape the threat of…
In recent years some Ohio residents have relied on credit cards and other forms of borrowing to get them through some decidedly tough times. While those debts may have been a source of stress and anxiety for many people, they have also become a means for swindlers to try to take advantage. In a recent development, for example, several people…
While bankruptcy can be a viable option for people who find themselves in financial trouble, some forms of debt cannot be erased through bankruptcy relief. One type of consumer debt that plagues many Americans has been the recent focus of debate in Congress and among consumer rights groups. Student loan debt is generally not subject to discharge in bankruptcy. The unfortunate…
Abuses by mortgage companies against consumers have received much attention in the past few years, with several high-profile national settlements. Now, SunTrust Mortgage, Inc. can be added to the list of companies who have to pay consumers back for millions of wrongful gains due to abuses in mortgage servicing, mortgage origination and foreclosure. The company recently entered into a settlement…
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…