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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…
According to an article examining foreclosure filings in Ohio, what began as a problem affecting mostly urban areas in the mid-1990s ballooned to crisis levels, with more than 70,000 new foreclosures filed in 2012. In addition, the Dayton Business Journal reported that in early 2013, Ohio saw the scheduled foreclosure auction total rise by 73 percent from 2012, which resulted…
Soccer has surged in popularity within the last two decades—due in part to the hosting of the World Cup in 1994, the welcoming of legendary British midfielder David Beckham to the LA Galaxy in 2007, and the recent success of the men’s and women’s national teams on international levels. Unfortunately, this has not stopped some U.S. teams from facing uphill…
Competition among U.S. restaurants has been recently increasing as newer chains expand quickly in Ohio and across the country. In today’s highly competitive restaurant industry, it takes very little for a business to face diminished cash flow, causing it to reconsider its operating strategy. Just four days after Sbarro LLC filed for Chapter 11 bankruptcy for the second time in three years, Quiznos…
Over the past several years, shopping malls have seen a decline in traffic that has severely hurt mall-based businesses. Sbarro, a familiar pizza restaurant in mall food courts around the country, is one of those businesses. Due to a decline in mall customers compared to the previous volume, Sbarro has filed for Chapter 11 business reorganization for the second time…