If you are planning on filing for bankruptcy, but you have a cosigner on one or more loans, you should consider how your bankruptcy will affect them. A cosigner may be required for certain loans when a bank thinks you will not be able to get one on your own, either because you don’t have sufficient income, assets, or credit scores to be approved for a traditional loan. If you 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.
How Can I Stop A Foreclosure?
The thought of losing one’s home in foreclosure is a frightening one. If your lender files a foreclosure complaint against you, you may feel as if you’ve run out of all options. But a foreclosure is not inevitable, and can often be reversed or remedied before you actually lose your house. One very good option you have to stall or stop the foreclosure process is filing for bankruptcy. When you Read More
Are There Tax Consequences After Filing For Bankruptcy?
If you have filed for bankruptcy or been awarded a discharge recently, you may need to look differently at how you file your taxes. Generally speaking, there are no major tax problems that you will face after you file for bankruptcy, but there is some important information to keep in mind when tax season rolls around. How You File Your Taxes When you file for bankruptcy, you are assigned a Read More
Bankruptcy in Retirement
Your decision to retire comes after you have spent a large amount of your life working and have been able to save enough money to cover your living expenses for the remainder of your life. Unfortunately, this is not always the case; retirees often live on a fixed income, so while their monthly financial allotment stays the same, the cost of food, gas, and other expenses continues to rise every Read More
Chapter 13 Saves A Father From Foreclosure In Toledo, Ohio
Not long ago, a divorced father from Toledo, OH needed help after a custody battle and a stint of unemployment left him in a difficult financial position. The man recently acquired custody of his children after a lengthy dispute with his ex-wife; however, he found himself owing a large sum in back child support, $20,000 in delinquent property taxes, and another $17,000 from previous medical expenses. Due to the past Read More
How to Get Out of Debt When You Have No Money
When your best efforts aren’t producing results, it may be time to seek assistance from someone who can examine your debt and help you find a way out of it. A bankruptcy attorney is just such a person to offer practical help. But why hire an attorney? They cost money, and you’re already broke. Isn’t hiring an Ohio bankruptcy attorney just adding another unpayable bill to the pile? Finding yourself Read More
Bankruptcy and Tax Problems
If you are deeply in debt, chances are you’re thinking about filing for bankruptcy and how it might help relieve your different debts. One aspect of debt that remains questionable for many is tax debt, and whether or not it can be discharged in a bankruptcy. If you owe money for past tax debts, you might be able to get these amounts discharged in bankruptcy; it will depend on what Read More
Getting Credit after Bankruptcy
It’s no surprise that filing for bankruptcy will affect your credit score. After your bankruptcy discharge is awarded, you may see a drop of as much as 200 points in your score. Additionally, your bankruptcy will remain on your credit report for a number of years; Chapter 7 bankruptcies remain on credit reports for ten years and Chapter 13 bankruptcies remain for seven years. Although bankruptcy will lower your credit Read More
Good Debt vs. Bad Debt
Debt is becoming a bigger and bigger problem here in the U.S. More and more Americans struggle under the financial burdens of debt every year, making it a struggle to get by. Unfortunately, this has led to many misunderstandings about debt, demonizing any debts as a bad thing and making people forced to take on any debts feel guilty. In reality, there are good debts and bad debts, and it’s Read More
Toledo Family Saves Home Through A Chapter 13 Bankruptcy
A Toledo family found themselves in a precarious financial situation after being out of work for some time and incurring $25,000 in medical bills. The medical companies filed lawsuits against them and five liens were placed against the property at the same time they were falling behind on mortgage payments. With the foreclosure process looming and the threat of liens consuming any funds from a sale of the home, they Read More