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Bankruptcy Archives

Bankruptcy: Medical bills leave many in search of relief

A medical emergency can occur at any moment, and the fallout of such an event could have a devastating impact on one's finances. Medical debt continues to be a growing concern for many individuals in Ohio, and it remains one of the leading causes of bankruptcy filings. Those who feel they are drowning in medical bills may wish to know how to reduce the impact similar forms of debt will have on their futures.

Bankruptcy: A pay later mindset could lead to financial strain

There are many individuals in Ohio and across the nation who live with the mentality that purchasing a new car or home is as simple as taking out a loan. While at the time, one may be fully capable of making the required payments on the loan, and thus may feel there is little risk involved. Unfortunately, this mindset of buy now and pay later might not always be so care-free, and such decisions have left many individuals in pursuit of the relief provided by bankruptcy.

Bankruptcy filings on the rise among older Americans

There are many elderly individuals in Ohio and elsewhere who have experienced the tribulations of financial strain. With the nature of the impact similar concerns can have on one's financial stability, these issues have left many searching through the available options for relief. Recent reports indicate that bankruptcy filings among older individuals have increased by as much as three times over a recent 25 year period.

Bankruptcy: Dealing with the post-holiday debt blues

Now that the holiday season has come and gone, many consumers in Ohio and elsewhere are left to face the fallout of their recent shopping endeavors. Getting the first credit card bill after the holidays can be extremely stressful. Some of those who are dealing with the after holiday debt blues may benefit from seeking advice on steps to take to cut down on debts, while others might be wondering if bankruptcy is the correct path for relief.

Bankruptcy: High amounts of debt could disrupt one's life

Issues with debt can affect the lives of individuals in Ohio and elsewhere in a variety of ways. In some cases, substantial financial struggles could disrupt one's ability to pursue his or her dreams of owning a home. Recent studies suggest that this is a concern for many millennials, as they may struggle to afford similar pursuits due to the combination of high debt loads and limited savings. Those who encounter similar concerns could consider pursuing the relief provided through outlets such as bankruptcy.

Bankruptcy: Entering retirement with debt can be stressful

As individuals in Ohio and elsewhere age, their financial priorities may change substantially. Those who are closing in on the golden years may feel it is imperative to cut down financial obligations prior to entering retirement, but reducing or eliminating debts isn't always a simple task. Since dealing with high levels of debt while on a fixed budget can be stressful and daunting, a person who is facing a similar scenario may find it necessary to pursue relief through the available outlets, such as bankruptcy.

Bankruptcy: Cutting down on holiday overspending

Many individuals in Ohio and elsewhere may have already begun purchasing gifts to for loved ones during upcoming holiday gatherings. While this is a time for celebration for many families, some consumers might be dreading the following month when they have to take inventory of their recent financial decisions. While some may benefit from seeking advice on how to avoid overspending during the holidays, others might need advice on how to pursue relief from debts through the available outlets, such as bankruptcy.

Bankruptcy: Issues with debt can take a toll on one's health

Dealing with debt can be stressful and high levels of debt can have a substantial impact on a person's future. Significant financial struggles can also have an influence on the choices one makes and leave the individual suffering a lesser quality of life for extended periods. Those in Ohio who experience dire monetary concerns may find themselves in need of the relief provided through bankruptcy, but making such a major financial choice can be intimidating.

Bankruptcy: Using credit cards to fund holiday travel costs

For many individuals in Ohio and elsewhere, the holiday season is a time to make travel plans to visit family and friends. Although the costs associated with holiday travel can be extensive enough as is, studies indicate that many families will consider using credit cards to cover their traveling needs. Coupling substantial financial obligations with high interest accounts could be a hazardous combination that may leave many in search of the relief provided through bankruptcy.

Bankruptcy: Personal loans are a growing financial concern

There are a variety of scenarios in which individuals in Ohio and across the nation may consider taking out a personal loan. With lesser interest rates on average when compared to other forms of credit, applying for a loan may seem a preferable option in many situations. However, it is still advisable to use caution when taking out a personal loan, as defaulting on payments could still leave a person in need of the relief provided by outlets such as bankruptcy.

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