Minnillo & Jenkins, CO. LPA
Hyde Park, Eastgate, Fairfield, Covington: 513-723-1600
Portsmouth: 740-300-2022
Call For A No-Pressure, Free Consultation

Bankruptcy: Knowing all the available outlets for debt relief

There are many individuals in Ohio who are constantly struggling to keep up with monetary obligations. Those who encounter significant financial concerns may find themselves in search of some much-needed debt relief, but forming a strategy to reduce debts can be an intimidating task. Besides bankruptcy, many may be unaware of the outlets available to help them reduce or eliminate financial burdens.

For those who experience periods of financial struggle, in some cases, it may take little more than a strict budget to achieve monetary stability. Should forming a budget prove unsuccessful, one could also consider attempting to reach out to creditors and request information on any available hardship programs. Unfortunately, with accounts that are already past due, negotiation might not always be a viable option.

Another available option could be to consider consolidating debts into one lump sum. In some cases, a person may be able to consolidate debts through a home equity loan or by taking out a second mortgage, and one may obtain lower interests in the process. However, should a person be unable to keep up with the payments associated with a similar obligation, the potential risk of home foreclosure could be a major concern. Although the thought of filing for bankruptcy could appear daunting, in some cases, it might be the most effective method for pursuing debt relief.

With a variety of available outlets, each of which might not provide the desired results in every scenario, choosing a path for relief can be intimidating. Those who are struggling under the weight of debt could benefit from consulting with a bankruptcy attorney for guidance on every outlet available. An attorney in Ohio can help a client gain a better understanding of each option and assist him or her in choosing the correct path with which to reduce or eliminate debts.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Hyde Park Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: +1-513-723-1600
Cincinnati Law Office Map

Eastgate Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: +1-513-723-1600
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: +1-513-723-1600
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Suite 5
Covington, KY 41011

Phone: +1-513-723-1600
Map & Directions
Covington Law Office Map

Portsmouth Office
612 Chillicothe Street
Portsmouth, OH 45662

Phone: +1-740-300-2022
Map & Directions
Portsmouth Law Office Map