When you are already struggling to stay on top of your bills and finances, receiving calls and threats from creditors is highly unnerving. While regular calls from credit card companies and other creditors may prove stressful, you may be feeling the pinch even more if...
Bankruptcy
Steps involved in declaring bankruptcy
Ohio enjoyed a strong economy in 2019. According to the state’s labor bureau, Ohio experienced a low unemployment rate and a 3% average increase in personal income. However, statistics do not help much when your personal financial picture looks bleak. During hard...
Change behaviors to recover from bankruptcy
People who are going through bankruptcy in Ohio may be experiencing relief as well as fear. While starting over can be scary, it is also the time to change the behaviors that led to bankruptcy in the first place. By taking certain steps, people can begin to rebuild...
Avoiding Chapter 13 disqualification
Going through Chapter 13 bankruptcy could be the answer to your financial problems. If you emerge successfully from bankruptcy, you will likely find relief from your creditors and have a chance to rebuild your personal finances. However, a fresh financial start...
What does an automatic stay do?
When you think about bankruptcy, you may think of it in negative terms of what it could do to you, your credit, your assets, etc. However, while it is often desirable to file for bankruptcy only after all other options have been exhausted, it is not entirely negative....
What are the benefits of Chapter 7 bankruptcy?
No matter what situation you find yourself in, it is often hard to make the decision to file for bankruptcy in Ohio. While the process can seem daunting, it can provide a reprieve from smothering debt and constant pressure from debt collectors and creditors. There are...
What should you know about Chapter 13 repayment plans in Ohio?
If you are struggling with debt, despite having a regular income, you are not alone. Like others in Ohio who find themselves in this situation, you may consider options such as filing for Chapter 13 bankruptcy. The core of Chapter 13 cases, it is important that you...
How can I repair my credit history after bankruptcy?
If you're faced massive debt, bankruptcy is a good option to get your finances back in order. However, you're probably concerned about the impact filing will have on your credit history and how this will affect your ability to secure loans and credit in the future. In...
What are the differences between Chapter 7 and 13 bankruptcy?
To shed financial stress and obtain a fresh start, many Ohio residents have turned to bankruptcy over the years. The most common bankruptcy programs are Chapter 7 and Chapter 13, so how can you know which is right for your situation? According to Experian, Chapter 13...
Why is budgeting important with chapter 13?
If you’ve recently filed for chapter 13 in Ohio, creating a solid budget should be your next step. Adhering to the terms of your repayment plan is a must. If you’re unable to pay according to the schedule you run the risk of having chapter 13 revoked,...