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September 2018 Archives

Bankruptcy: Identifying the sources of financial burden

For many individuals in Ohio and elsewhere who are experiencing major financial struggles, debts may come from the usual suspects, such as medical and credit card bills. However, some may have more difficulty identifying the source of their financial concerns. Even though these sources can be challenging to detect, they can still create a heavy financial burden and leave a person in search of relief through outlets such as bankruptcy.

Understanding one's options when facing foreclosure

While purchasing a home can be fulfilling, taking on a mortgage can be a major financial obligation. Individuals in Ohio who encounter times of monetary unrest may find it challenging to make their monthly payments, and should their troubles persist, they could grow concerned that they will end up facing the possibility of foreclosure. Those who face such hardships may benefit from knowing that there are options that may help them avoid a similar outcome.

Debt collection: When credit card accounts fall past due

Credit card debts continue to be a growing concern for many families in Ohio and elsewhere. Even accounts that fall one or two months behind could be sent to debt collection agencies, and the impact this could have on a person's finances can be substantial. However, many individuals may still be unaware of exactly what takes place when a credit card account falls past due.

Bankruptcy: Rising costs of medical care affects many seniors

As individuals advance in age, the likelihood they may experience a medical emergency may increase substantially. While many may be prepared to accept this inevitability, they might not be ready to face the accompanying financial responsibilities it can bring. With health care costs that are constantly on the rise, studies indicate that many elderly individuals in Ohio and elsewhere have found themselves in search of relief through bankruptcy.

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NACBA - National Association of Consumer Bankruptcy Attorneys

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