Many Ohio students emerge from college with a shiny new degree, and quite a few also graduate with high levels of student loan debt. The federal government has offered a range of repayment programs aimed at helping individuals cover the cost of their debt burden. A...
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Chapter 7
Chapter 7 bankruptcy and medical debt
For millions of Americans, medical debt poses a serious financial issue. An unexpected illness or injury can throw an individual or family into serious financial turmoil, and the result can be damaged credit, increased stress and the inability to attain new lines of...
Signs that your elderly relative may be having money problems
Late in life, it may be difficult for elderly Americans to deal with financial problems. After all, they may not be working as much as they used to (because they are retired) or they physically cannot work as many hours as they did when they were younger. Because of...
Why debt consolidation may not be a good idea
For older Americans on fixed incomes, the prospect of never-ending debt can be demoralizing and depressing. After all, their best earning days are likely behind them, and the desire to retire may be pushed back later and later because they need to earn a bit of...
How even frugal spenders can end up in bankruptcy
It is easy to think that bankruptcy is only for people with terrible spending habits or people who want to do everything they can to cheat creditors. It is especially easy to think this given how the economy has improved and more people are back to work, which...
Best ways to rebuild after bankruptcy
If you are nearing retirement or are already in your golden years, recovering from a bankruptcy may be the least of your concerns. However, when debt becomes too much to bear, and extreme measures must be taken to preserve some semblance of wealth through bankruptcy....
Three things that bill collectors may not want you to know
If one of your New Year’s resolutions was to get out of debt, chances are that you are looking at your income tax refund as a catalyst to help you achieve that goal. Indeed, using the extra money to eliminate some troubling debt can be helpful, especially if the...
When should I file for bankruptcy?
For people struggling to make ends meet, it may be difficult to decide when to (or whether to) file for bankruptcy protection. For those unfamiliar with it, bankruptcy provides a way to eliminate troublesome debt and provide consumers with a fresh financial start....