» filing for bankruptcy

UNDERSTANDING A CREDITOR'S OPTIONS FOR COLLECTING UNSECURED DEBT

Ohio residents may be interested in how a creditor could legally collect on a debt when there is no property securing that debt. While it may take a trip to the courthouse, a judgment against the debtor could cause serious trouble if not addressed. T… Read More
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WHAT SHOULD I DO IF A CREDITOR OR DEBT COLLECTOR SUES ME?

Ohio residents may benefit from learning what to do if a creditor or collection agency were to ever file a lawsuit against them. Consumers who have been sued typically benefit from seeking legal counsel with experience in issues concerning debt colle… Read More
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OHIO RETIREES FACING MOUNTING DEBTS

Ohio residents may be interested to learn that as the Baby Boom generation approaches retirement age, many of its members are finding that they are saddled with considerable amounts of debt. The generation may face a number of different debts, includ… Read More
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IS CREDIT COUNSELING REQUIRED BEFORE FILING FOR BANKRUPTCY?

An Ohio resident considering bankruptcy may have exhausted numerous strategies for dealing with debts, but it is important to understand that pre-bankruptcy credit counseling is required prior to filing. This counseling must occur within the 180-day… Read More
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CREDIT SCORES MAY GO UP FOR AMERICANS WITH MEDICAL DEBT

Ohio residents with unpaid medical bills may soon notice a rise in their credit scores. FICO has recently announced changes to the way that medical debt is calculated, and the average person with medical debt will reportedly see a 25-point increase i… Read More
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TIMES IT MIGHT BE OKAY TO HAVE HIGH CREDIT CARD DEBT

As a general rule of good financial responsibility, a person should focus on minimizing their debt. This is especially true of high-interest balances, including credit card debt. There are times, however, when an Ohio resident may consider carrying a… Read More
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OHIO HEIRS MAY NOT BE RESPONSIBLE FOR CREDIT CARD DEBT

In some cases, when someone passes away, along with assets and property left over for heirs, there are also debts. Once someone dies, things like credit card debt might not pass on to their heirs. When a person dies, their estate is composed of their… Read More
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STRATEGIES FOR MANAGING DEBT

When trying to determine the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy, individuals in Ohio might benefit from knowing about all of their options. A recent article discussed two strategies that a person might pursue when tryin… Read More
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DOCTORS TOUGHEN UP ON DEBT COLLECTION

However carefully you plan for the future, it is all too easy to fall into debt. A sudden death, an accident, theft, all these things can change your financial situation in an instant. For people in Ohio and indeed across the United States, medical b… Read More
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BANKRUPTCY OFFERS PROTECTION AND PEACE OF MIND

Most people think of bankruptcy only as a form of debt relief. While it’s true that filing for bankruptcy can eliminate debt and help you overcome many of your financial challenges, it brings with it the added benefit of providing different kin… Read More
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