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Chapter 7 Archives

Protecting your property during an Ohio bankruptcy

Are you struggling with insurmountable debt but are worried you will lose everything if you decide to file for bankruptcy? Don't let your fears stop you from getting the fresh financial start you desperately need - especially since you may be able to keep much of your property following the bankruptcy process.

This New Year, resolve to eliminate your credit card debt

With the New Year quickly approaching, it is a good time to start thinking about possible New Year's resolutions. However, while many people pick resolutions aimed at improving their physical health - going to the gym, eating better, etc. - you may want to consider a resolution that will improve your financial health instead - such as eliminating your credit card debt.

Small business loan delinquencies on the increase in the U.S.

One method small business owners sometimes use for injecting capital into their business is taking out a small business loan. In some instances, a small business runs into trouble paying back such loans. Recent statistics indicate that, over the past several months, it has been becoming increasingly common for American small businesses to fall into delinquency on loans.

Student loans not the only debt one can incur over tuition

College tuition can be incredibly expensive. Many students end up taking on debt in order to make their tuition payments. Student loans are probably the best-known type of college-related debt. However, there are other types of debt a student might incur in relation to tuition payments.

Chapter 7 bankruptcy on the rise for energy sector workers

Many Ohio residents support a move away from "traditional" sources of energy production in favor of greener options. As such, the gas, coal and oil industries have entered a decline. That shift, while perhaps better for the planet as a whole, has caused a great deal of turmoil for families who have lost their source of income. Many of those affected by this shift have had to seek Chapter 7 bankruptcy in an attempt to regain their financial footing.

Why so many athletes eventually seek Chapter 7 bankruptcy

Many Ohio residents are aware of the enormous salaries earned by the nation's top athletes. While quite a few people envy those levels of income, not many are sympathetic when an athlete faces financial ruin. It is interesting to take a closer look at why so many professional athletes end up filing for Chapter 7 bankruptcy. The reasons may come as a surprise, due to the fact that they are not vastly different from the reasons why many average earners find themselves in the same financial position.

Eliminating your debts can be an attainable goal

Research suggests that Americans are currently drowning in debt that exceeds any level in postwar history. Most families in Ohio and across the nation have taken on a mix of financial obligations that might include a mortgage, auto loans, student loans, credit cards and medical debt. For many, the total amount of money owed far exceeds the amount of money coming into the home. Fortunately, there are options available to help in eliminating your debts.

As credit card debt climbs, Chapter 7 bankruptcy can help

Virtually no amount of financial planning or careful saving can completely address the burden of an unexpected financial crisis. For some people in Ohio, this is a sudden illness or injury that brings on considerable amounts of medical debt. For others, it is the accumulation of minor financial stumbling blocks. As consumers struggle to pay back bills while also meeting their daily needs, credit card debt continues to climb, making Chapter 7 bankruptcy a viable option for some people.

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