Economic problems can hit a business, regardless of the size of the company, at any time, as many business owners in Ohio know well. This is particularly true if an item that the company produces is found to be faulty or to have injured those who use it. This is what happened to a global company that caused it to accumulate business debt and to file a bankruptcy in, not one, but two countries.
2 debt pay-off methods: The snowball and the avalanche
Imagine you have a family of five and you're struggling to make ends meet financially. It can be so tempting to charge something on a credit card so you can put food on the table one week. However, if this becomes a habit your debt problems can snowball fast.
Retailers in Ohio face business debt
In Ohio and elsewhere, the retail sector is struggling. This is particularly true for so-called brick and mortar establishments, both big and small. They have taken on additional business debt as they struggle to compete with online retailers with little to no overhead costs.
Doctors frustrated with cancer medication costs
The moment a physician gives a cancer diagnosis is a life changing moment. Those who are battling this disease may seek recommended treatments and medications. Unfortunately, the costs associated with these treatments are often very high. Even those who have insurance may find they are left with a large medical bill.
When Divorce and Bankruptcy Go Hand in Hand
Dealing with a divorce is an emotional time for a family. Everyone involved deals with tough issues related to the end of a marriage. When a bankruptcy further complicates the situation, it can be overwhelming. Even if there were no financial troubles during the marriage, both parties can find themselves in debt after the divorce. All debts and assets need to be addressed and a plan should be made to manage them through the process of the divorce.
The rise and fall and rise and fall of shopping centers
It only makes sense that the first indoor shopping mall was built in a state known for extreme cold weather. As residents braced for yet another winter, the warm confines of Southdale Center opened its doors on October 8, 1956.
Medical bills remain a leading reason for bankruptcy
News stories, commentary in opinion columns and open debate throughout the county have frequently addressed the rising costs of healthcare. While the politics of health insurance and health coverage remain brisk – and often divisive – costs are not always manageable for people in the Cincinnati area. Staying healthy is not always something any of us can truly control. Even with health insurance coverage, through work or through a individual policy, costs may suddenly become overwhelming.
