People end up in debt for a variety of different reasons. For example, in recent years, medical costs have become a leading source of personal debt. People may require trauma care after a car crash, only to learn that the driver at fault for the wreck did not have...
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Personal Bankruptcy
What to know if bankruptcy and divorce are both in your future
Financial difficulties can put a huge strain of any marriage. And relationship issues can exacerbate financial problems. Therefore, it should come as no surprise that divorce and bankruptcy can easily occur in close proximity to one another. If you are about to face...
Know your options for resolving medical debt
Paying for healthcare remains a huge problem in the United States. Even if you have health insurance, a major medical problem or one out-of-network emergency could leave you drowning in debt. Most people don’t realize it, but medical debt is the leading cause of...
Helpful ways to reestablish credit after bankruptcy
If you are considering bankruptcy, one of your concerns may be your ability to have good credit once again. Chances are you may have heard about how bankruptcies can stay on your report for many years after your discharge, and that lenders may be wary of your business...
Why could a trustee deny your bankruptcy?
Bankruptcy is supposed to be an individual’s refuge of last resort when the bills are piled sky high and creditors are howling like wolves at the door. Anyone can fall on hard times and the bankruptcy court doesn’t really judge those unlucky enough to walk through the...
Bankruptcy program offers help to some Ohio residents
Could technology change how people file bankruptcy in the future? One company thinks that it has created a program that just might. Many people in some of the most economically-depressed areas of Ohio need help to stop the harassing phone calls and steady stream of...
Taxes, debt and bankruptcy
Taxes are weighing heavily on the minds of a lot of people at this time of year. For some people, however, it’s their old tax debt that weighs down on them the most. Can bankruptcy eliminate tax debt? Some people do qualify for federal tax relief if they file for...
Stop feeling guilty about filing for bankruptcy
Do you remember that old board game called, “Life?” As you moved around the board, the luck of the dice controlled whether good things or bad things happened to you. Some of them increased your fortune, others decreased it. It was meant to mimic real life in a lot of...
Bankruptcy rules set to change beginning in December
If you’ve been researching bankruptcy rules and procedures but putting off the actual commitment, you only have a short time to file under the current rules. On Dec. 1, 2017, some amendments to the federal bankruptcy procedure take effect, and they could have a...
What happens if you make a mistake in bankruptcy court?
Filing for bankruptcy can be complicated, so it’s easy to make a mistake — but some mistakes can be costlier than others. When you first file for bankruptcy, you have to file “schedules,” which are very detailed lists of all your income, expenses, assets and debts....