Most of the attention on how a Chapter 7 bankruptcy petition works in Ohio focuses on the types of debts that can be discharged. Another aspect of Chapter 7 that needs to be carefully considered by anyone contemplating using it as a means of debt relief is how the law treats property in possession of the debtor.
Bill Filed To Discharge Student Loans
Congressman John Delaney (Md.) has introduced legislation in the United States House of Representatives to allow for people who file bankruptcy to discharge their student loan debts.
How do I stop debt collection and find out if I owe the debt?
The abuses associated with debt collection agencies and creditor harassment are topics that have been well-documented in earlier blogs posted on this website. The Fair Debt Collection Practices Act places restrictions on allowable conduct by those companies and individuals in the business of collecting delinquent consumer debt. But the statute also gives consumers rights of their own that they can exercise when confronted by debt collection efforts.
Ohio bankruptcy filings decline for 5th straight year
Anyone who has been paying attention to financial news lately has heard that the economy is improving, resulting in a much needed reprieve for many Ohio residents and businesses who have been facing monumental financial struggles in recent years. Perhaps one promising economic indicator is the nationwide reduction in yearly bankruptcy filings.
Buchanan decision
Sneaky Debt Collectors Beware! Sixth Circuit Says Collection Letter Offering To Settle Time-Barred Debt Could Be Misleading and Violate FDCPA
You can back out of a mortgage with a simple letter?
The United States Supreme Court recently decided that a mortgage can be rescinded under the federal Truth in Lending Act (TILA) by simply writing a letter.
Feeling overwhelmed with debt while going through a divorce?
There are only a few things equal to or more difficult than dealing with large amounts of debt. One example is dealing with a divorce. Financial problems are frequently a source of struggling relationships. These financial issues often force individuals to deal with both a collapsing marriage and collapsing finances at the same time.
