Minnillo & Jenkins, CO. LPA
Call 513-723-1600
For A No-Pressure, Free Consultation

Possible consequences of dealing with high levels of debt

While being in debt can be a daunting experience, it is an unfortunate reality for many individuals in Ohio and elsewhere. Although many may feel that carrying some form of debt is simply a part of life, they might not always understand that how prolonged struggles with financial strain could affect their futures. Knowing the potential consequences of dealing with debt may be vital to understanding why it could prove imperative to seek relief as soon as possible.

Although being free of debt may be a goal for many families, recent studies indicate that as many as 80% of Americans carry at least some form of debt. Experts indicate that those who have reservations about choosing a path for relief may benefit from knowing how similar challenges could affect their lives. According to experts, one of the most pressing concerns of being in debt pertains to the impact it might have on one's ability to save for retirement.

Studies also indicate that there are also a variety of potential health concerns associated with being in debt. As such, seeking relief from similar burdens could prove essential to staving off serious health issues. Experts also indicate that pursuing relief could also help improve one's overall financial status and free up income to help deal with any remaining financial obligations.

While choosing a path and starting the process of pursuing debt relief may seem intimidating, timing could be of the essence. Those who are uncertain how best to handle their current financial situation could benefit from consulting with a bankruptcy attorney for insight into all their available options. An attorney can assist a client in Ohio in forming a strategy to pursue relief from the burdens of debt and subsequently assist him or her in navigating the process.

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: +1-513-685-0612
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: +1-513-795-0995
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Covington, KY 41011

Phone: +1-513-795-0995
Map & Directions

Portsmouth Office
612 Chillicothe Street
Portsmouth, OH 45662

Phone: +1-740-300-2022
Map & Directions