Filing for bankruptcy is supposed to provide you with a path toward financial stability, but this can be difficult if you are still being hounded by creditors and debt collectors. This kind of harassment is disruptive and can make it difficult to move on with your life. Luckily, there are protections against these creditors built into a properly filed bankruptcy. Call the Cleveland Bankruptcy Attorneys at Cleveland Bankruptcy Attorneys at Read More
Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. The Cleveland Bankruptcy attorneys have the knowledge and experience to fight for your best interest. Contact a Cleveland Bankruptcy attorney today to discuss your options at (216) 586-6600.
What is a Bankruptcy Trustee?
When consumers file for bankruptcy, there are 2 people they may work closely with during the process: their bankruptcy attorney and their bankruptcy trustee. While your attorney is performing duties on your behalf, the trustee of your case is an independent party whose main goal is to ensure your case runs according to the bankruptcy law. No matter if you choose Chapter 7 or Chapter 13, a trustee will play Read More
Can You File Bankruptcy For Child Support?
Many people consider filing for bankruptcy when their debts become far greater than what they can afford to pay. Bankruptcy helps you eliminate or pay off past due bills, which allows you to get caught up and start over. One question you may have when considering bankruptcy is if it will get rid of everything you owe, or if it only pertains to certain bills. Specifically, would filing for bankruptcy Read More
Many Millennials Face Overwhelming Debt
Millennials can’t seem to catch a break. The generation born between the late 1980s and the early 2000s often gets ridiculed in society as a group of carefree hipsters who love the latest tech innovations but loathe work and real responsibility. Even if they can shake off this unsavory reputation, Millennials all seem to agree on one issue: they’re finding themselves drowning in overwhelming debt, with no clear idea on Read More
Can I Get My Car Back If It’s Repossessed?
People often think that filing for bankruptcy means saying goodbye to all of your possessions. How do you get yourself out of debt if you don’t give up everything you own to be sold in bankruptcy court? In some cases, it’s true that you will need to relinquish assets. In Chapter 7 bankruptcy, selling your assets allows you to pay off your primary and secure debts, which wipes out your Read More
Profit Colleges and Student Loan Forgiveness
Several for-profit colleges have been making headlines lately for the worst reasons: they are being ordered to forgive student loan balances and to refrain from collecting any more federal aid. The for-profit institutions at Corinthian Colleges, which includes Everest, Heald, and WyoTech, along with ITT Technical Institute and some branches of Brown Mackie College have been sanctioned under the defense to repayment law and now owe the government millions of Read More
After Bankruptcy An Akron Man Keeps His Cars And Lowers Monthly Expenses
In Akron, Ohio a 30-year-old man, who lives with his fiancé, their newborn child, and her additional children found himself in a very relatable situation when he had difficulty making ends meet. The man’s troubles included two automobile payments, over $50,000 in credit card debt, a $6,000 past due gas bill causing it to be shut off, and the fact that he had previously overdrawn his checking account. By overdrawing Read More
Why Do Lottery Winners Wind Up Bankrupt?
Earlier this year, we witnessed the biggest Powerball jackpot in U.S. history: over $1.5 billion. Even more amazing, it was only split three ways, leaving each winner over $300 million dollars, if each one decides to take the lump sum payment. Most of us will never come close to seeing that kind of money; if we had been one of the lucky winners, we couldn’t conceive of spending even a Read More
Cleveland Woman Clears Debts And Gets A New Car After A Bankruptcy
It’s tragic that in today’s day and age, someone’s illness can create lasting and devastating financial difficulties. Not long ago, a Cleveland woman, working as a waitress had some medical issues that prevented her from working for a 6-month period. With no income coming in, this resulted in staggering medical debt, being evicted from her apartment, her car being repossessed, and massive credit card debt. Additionally, her troubles were compounded Read More
2015 Bankruptcy Filings Plummeted – What Will 2016 Bring?
At the end of March, the United States Federal Court published figures for bankruptcy filings for the past few years and the findings display a decrease in both business and personal filings over the past few years: Business and Non-Business Bankruptcy Filings (2014-2016) Year 2016 2015 2014 Business 24,797 26,130 31,671 Total 833,515 911,086 1,038,280 Non-business 808,718 884,956 1,006,609 As of March 31, this year has seen an 8.5 decrease Read More