Living in Northeast Ohio, you know that it can be hard to find work. There are times when costs exceed what you can earn, and it can be very difficult to make ends meet. While there are opportunities for growth, you can find yourself in a difficult situation if you...
Many people don't know why others declare bankruptcy. They understand that the individual has too much debt to pay off and needs to have it eliminated or reorganized. But they don't understand how that person got to that point. This is usually exemplified as a form of...
One thing that people sometimes say about personal bankruptcy is that it follows you around for years. It's true that getting credit might be difficult (though not impossible) for a while. But not for the rest of your life. Depending on how you use Chapter 7 or...
Chapter 7 bankruptcy is often referred to as “liquidation bankruptcy.” If you meet the income limit, all of your qualifying debts can be wiped away. However, not all debts qualify for bankruptcy discharge. Chapter 13 is often called the “wage earner’s bankruptcy.” The...
Many people who consider filing for bankruptcy in Ohio have been led to believe that it can have a negative impact on their present and future employment prospects. However, there is some new research that may alleviate some of these concerns. Specifically, this study...
The thought of losing everything you’ve worked so hard for can be frightening, but you may not be facing a total loss if you declare bankruptcy. State laws could step in and shield a good chunk of your prized possessions. Ohio ranks just inside the top ten...
