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Many people who are considering filing for bankruptcy in Ohio have read about what bankruptcy can do for them in the long term. After completing the whole bankruptcy process, most of your debts will probably be wiped clean, and you can then start the process of...
Chapter 7 bankruptcy gives consumers in Columbus, Ohio, a legal way to remove burdening debt they can no longer handle. Only unsecured debts, such as medical and credit card debt, can get erased in bankruptcy. The secured debts, those that are backed by collateral,...
It may be possible to keep your Ohio home after filing for Chapter 7 bankruptcy. However, that will depend on how much equity that you have in the property. Furthermore, you'll need to remain current on your home loan to retain ownership of the property. Let's take a...
While divorce and bankruptcy are both considered chances for couples to move toward a fresh, exciting future, the two legal processes can overlap and ultimately harm each other. It is wise to research your options and learn more about the challenges you might face....
Deciding to apply for bankruptcy is a significant decision. Bankruptcy can free a person from financial struggles and grant them the ability to clean their slate. The decision to apply for bankruptcy is a big decision, but it is not the only one someone needs to...
Fresh out of graduate school, you found work in your field. But this is, after all, the gig economy. Your job is as a contractor, and you do not benefit from all the perks that full-time employees get. For example, no health benefits. But this may be the least of your...
Millions of Americans face overwhelming debt, and the number having trouble making payments could reach as high as 67 million due to the current pandemic, according to a recent survey by the financial website WalletHub. For many, bankruptcy can be a positive step for...
Bankruptcy and divorce can not only flip your financial house around, it can also significantly drop your credit score. While your entire financial situation is not solely based on that three digit number, it does play a significant role in your ability to get loans...
Do you know how much outstanding student loan debt there is nationwide? The figure is more than $1 trillion. Some say it's only a matter of time before we have our first American trillionaire. For the rest of us, it takes around 40 million college-educated Americans...
Since the Great Recession, cities that faced bankruptcy (though small in number) include Detroit and San Bernardino, Calif. When a city or municipality files for bankruptcy, it does so under Chapter 9. Individuals, by comparison, generally file under Chapter 7 or...
