Now that the holidays are over, many people in Ohio are reeling from the amount of money spent on gifts, food, and entertainment. While they’re supposed to be a time of joy, for most the holidays mean overspending, which can bring your dangerously close to...
Bankruptcy
What is the Chapter 7 means test?
A Chapter 7 bankruptcy offers you the chance to have many of your outstanding debts discharged, freeing you to use your income to re-establish yourself on firm financial footing. Yet this is a privilege not afforded to all. The federal government wants to ensure that...
Sale of Brookstone headquarters leaves employees wondering
When a company in Ohio files for bankruptcy, finding a solution and closing stores if necessary, takes time and can often be completed in different phases. For example, depending on the type of bankruptcy protection that is filed, a company could have the option to...
The potential pitfalls of debt forgiveness
When a consumer has a large credit card debt that is being held by a debt collector, one option that may seem attractive is seeking out debt forgiveness. Debt forgiveness generally involves a consumer and a debt collector reaching a settlement under which part of a...