Over the past few years I’m sure you have heard or even know people that have pursued bankruptcy to ease the financial burden of an underwater mortgage (owing more on a mortgage than it is actually worth). According to RealtyTrac.com, 1 in every 586 housing units in Ohio received a foreclosure filing...
Blog
Keeping your car in bankruptcy
Tuesday, December 6th, 2011How to File Bankruptcy: The First 4 Steps
Wednesday, March 23rd, 2011If you’re wondering how to file bankruptcy, you’re not alone. Each year, more than one million Americans file for protection under Federal Bankruptcy Laws.
In most cases, the people filing are hard working individuals who have found themselves in financial trouble. The sudden loss of a job,...
Bankruptcy Statistics: Job loss, medical and divorce are top causes
Monday, December 27th, 2010For most people, the word "bankruptcy "conjures up lots of scary images. It has a reputation that’s linked to destitution, desperation and even public humiliation.
That reputation is wrong.
In fact, if you find yourself in financial trouble, Federal Bankruptcy Laws are specifically...
Chapter 13 Bankruptcy: Why Chapter 13 may be your best choice
Monday, October 11th, 2010When people think of bankruptcy, they often imagine their financial slate being wiped clean. However, not all bankruptcy filings eliminate all of your debt.
A qualified Ohio bankruptcy attorney can evaluate your situation and help you understand which type of bankruptcy might be right for you, but here...
Am I eligible for bankruptcy under the means test?
Thursday, September 16th, 2010If you’re considering bankruptcy, you may have heard of the bankruptcy means test and wondered what it means for your eligibility for bankruptcy. Good news! In general, the bankruptcy means test does not exclude you from filing for bankruptcy.
In 2005, the U.S. government acted to crack down on abuses...
In financial trouble? A four step plan for taking control of debt
Wednesday, September 1st, 2010If you’re in financial trouble, sitting around worrying won’t help.
When confronted with a challenge, it’s tempting to stick our heads in the sand and pretend it doesn’t exist. This may make us feel better in the short term, but in the long term it only makes the situation worse.
The most...
Legal advice critical for those struggling with debt
Wednesday, August 25th, 2010If you’re struggling with debt, you’re likely struggling alone. Most people don’t seek legal advice or other support for their debt issues until they find themselves backed into a corner, or the stress becomes overwhelming. But well-timed professional help can save you time, money and stress. Here...
Can I avoid foreclosure through bankruptcy?
Wednesday, August 18th, 2010If you’ve received a notice that your mortgage lender is initiating foreclosure proceedings, you’ll likely do anything to put the brakes on that process. Avoiding foreclosure is a major reason that people come to us to talk about bankruptcy — they’re looking for the solution to save their...
Correcting Credit Report Errors: Improve Your Credit Score in Minutes
Wednesday, July 28th, 2010Correcting credit report errors after bankruptcy can make a huge difference in your credit score and put money back in your pocket, but only if you know how. Let’s look at the best methods for correcting credit report mistakes.
Why do I need to correct my credit report?
How many times have you been...
Credit after Bankruptcy: Stepping into Your Financial Future
Friday, July 23rd, 2010For those considering declaring bankruptcy, it’s the biggest question — can you get credit after bankruptcy?
Bankruptcy does impact your future finances, but the good news is that the outlook isn’t as dire as you might think. With good financial planning, you can rebuild your scores...
Bankruptcy confidential: 5 secrets you must tell your bankruptcy attorney
Wednesday, July 14th, 2010If you’re considering declaring bankruptcy for debt relief, you may feel like you’re in it alone. Just you against the legal system, with all of the rules that you don’t yet understand. Plus, you may be embarrassed to talk about your financial problems, especially with strangers. Perhaps you’ve...
Bankruptcy advice: The two secrets no one will tell you about debt relief
Thursday, July 8th, 2010When you think of people who seek help from bankruptcy, what do you think?
Until we’ve been through it, we tend to think that people who file for bankruptcy spent too much money, made bad financial choices, and perhaps should have known better. We think we’re somehow different than they are.
SECRET...
Received notice of garnishment? What to do now to stop garnished wages
Wednesday, June 23rd, 2010Have you received a notice of garnishment? If you have, you don’t need to panic. Now’s the time to get informed about what a notice of garnishment means for you and your finances. Let’s look at the facts.
A notice of garnishment is a legal notification that a writ of garnishment has...
Stop Wage Garnishment Before it Happens
Thursday, June 17th, 2010Having trouble paying the bills you have now? Imagine taking a 25% pay cut.
That’s the danger for those who don’t stop wage garnishment in its tracks. Many people don’t know that a credit card company, cell phone provider, or virtually any other company can take money straight out of...
