Graham & Associates Law Offices, LLC | Serving all of Northeast Ohio

Chapter 7 Archives

Ohio debt discharge through consumer bankruptcy

While bankruptcy can stay on one's credit report for between seven and 10 years, it can be a powerful tool for eliminating excessive debt and escaping harassing tactics of creditors. It is important to understand that not all debt can be discharged through bankruptcy, but many types of unsecured loans can be eliminated. Tax debt, student loan debt and other government debts are examples of obligations that are not discharged by a personal bankruptcy. However, those debts that are eligible for discharge can be eradicated within approximately four months of the filing in a Chapter 7 case.

Ohio company bought out of bankruptcy

The word "bankruptcy" may leave a bad taste in some people's mouths or even carry with it the negative connotation of failure. While bankruptcy may not be the most ideal situation to find yourself in, it is vastly preferable to crushing debt. Bankruptcy exists to save people from insurmountable debt by affording them debt relief depending on the type of bankruptcy they file. Of course, once you've managed your debt through bankruptcy, anything could happen after your fresh financial start.

Chapter 7 bankruptcy may relieve established retailer's debt

Whether you’re an individual or you own a company, if you are struggling with overwhelming debt, you may want to consider filing for bankruptcy. There are many different options, each with their own pros and cons, but the most common form of bankruptcy is Chapter 7. It is one way to get debt relief and overcome your financial challenges so that you can get a fresh financial start.

Chapter 7 bankruptcy can wipe away debt

Nobody wants to see their business fail. Business owners invest their lives into something, and they understandably do all that they can to prevent it from going under. Unfortunately, if the business starts to fail, owners may find themselves struggling with debt. As these financial challenges become more and more overwhelming, owners may be left with no option but to file for bankruptcy.

Hospital's equipment up in the air after Chapter 7 filing

Facing overwhelming debt can be a challenging experience. When creditors start coming after you, it is easy to become frightened or intimidated. Fortunately, there are ways to slow down the process, allowing you decide the best way to move forward.

Chapter 7 bankrutpcy a positive move for singer Aaron Carter

Bankruptcy is a scary thing for many people. Even if there was no way to prevent falling into inescapable debt, some people still feel like they have failed if they have to file for bankruptcy. Filing for bankruptcy, however, is not a sign of failure. In fact, it is a responsible, and often positive, step toward freedom from debt.