Most people are afraid of debt, especially as they get older. The idea of carrying debt under your name holds a significant problem as you try to pay your bills, pay for a home or even retire in the future. However, carrying debt is also very common. Many people have...
Firm News
What is wage garnishment (and how to stop it)?
It's already stressful to try to reduce debt, pay your bills and handle daily expenses all at the same time. And for some folks, it already feels impossible to do the first two duties. That's why creditors often take advantage of people in these vulnerable financial...
Tips to manage finances as a small business owner
For many adults, managing personal finances is already a source of stress. You have to balance income, expenses, vacations and bills all under one single budget. However, it's more complicated if you are an entrepreneur. As a business owner, you have to deal with your...
How does bankruptcy affect my career?
Bankruptcy is a huge decision that shouldn't be made lightly. Anyone who considers filing needs to know the repercussions and benefits of filing, including the potential effects it has on employment. Some people fear that filing for bankruptcy may end in losing their...
Navigating business bankruptcy in economical turmoil
The current global crisis has put all business owners on alert as they navigate the new normal for shopping, communicating and interacting with their customers. Recently, many large-scale companies, like Neiman Marcus and JcPenny's, are filing for bankruptcy to...
Can filing bankruptcy save my home from foreclosure?
When you’re experiencing financial hardship, life becomes full of uncertainties. Looking at your monthly budget can be incredibly stressful. Where is the grocery money coming from this month? What funds are available for the utility bill? How will you cover the...
What determines bankruptcy and who does it affect?
Bankruptcy is not a chosen financial strategy. It's often a last resort. Think of bankruptcy as a financial recovery blanket when other options have been exhausted.Bankruptcy is a blanket that keeps you warm 100% of the time, but if applied correctly, it will, over...
What happens to your retirement savings in an Ohio bankruptcy?
Chapter 7 bankruptcy is also known as liquidation bankruptcy. It gets that name from the fact that the courts can order the liquidation or sale of certain assets to repay your creditors. To prevent abuses of bankruptcy filings, the courts can sell the assets of those...
How bankruptcy can help those facing foreclosure
Being faced with the prospect of losing your home can be a scary situation to be in. You may worry about your child's future and about how you will bounce back after losing your home.There are many ways to avoid foreclosure. In general, it is necessary to take early...
How much equity can you protect in an Ohio Chapter 7 filing?
Bankruptcy can be a way for struggling adults to correct financial issues and reduce the overall amount of debt that they need to repay. Each different form of bankruptcy brings with it unique challenges and benefits. Chapter 7 bankruptcy, which has limitations in...
