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...
Month: January 2015
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.According to the press release issued by Mr. Delaney which can be found at , H.R. 449...
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...
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...
Buchanan decision
Sneaky Debt Collectors Beware! Sixth Circuit Says Collection Letter Offering To Settle Time-Barred Debt Could Be Misleading and Violate FDCPAOn January 13, 2015, the Sixth Circuit Court of Appeals decided the case of Buchanan v. Northland Group, Inc. holding that a...
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The United States Supreme Court recently decided that a mortgage can be rescinded under the federal Truth in Lending Act (TILA) by simply writing a letter.The Court held that a lawsuit is not necessary to back out of a mortgage under TILA, contrary to what the Eighth...
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...
