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,...
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Chapter 7
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...
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...
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...
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...
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...
Eliminating your debts can pave the way to success
When many Ohio residents think about personal bankruptcy, it is with the assumption that choosing that path marks the end of the road — the point beyond which success is simply unattainable. In reality, however, many people who pursue personal bankruptcy go on to...
Home foreclosure prompts NFL player’s bankruptcy filing
When many people in Ohio think about personal bankruptcy, they imagine a scenario in which an individual has made a series of poor or irresponsible financial decisions. While this is sometimes the case, there are many other means by which people can find themselves in...
Beware of scams focused on eliminating your debts
When an Ohio resident is overburdened with debt, he or she will often go to great lengths to remedy the situation. Many will attempt one or more debt relief programs before determining that personal bankruptcy is the best possible option. While there are certainly...
Eliminating your debts could improve the lives of your children
As parents, many Ohio residents make an effort to shield their kids from stress. This means shouldering the burden when it comes to matters that can lead to worries, such as financial concerns. According to a recent study, high levels of debt could have a serious...