When you are being sued for an unpaid debt — valid or not — you worry about the damages you may be forced to pay. Luckily, if the tactics debt collectors are using to try to collect that debt are unfair, you may actually have a lawsuit to collect damages against them. Under the Fair Debt Collection Practices Act (FDCPA), you are protected from harassment and abuse, misleading or false 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.
5 Tips for Handling a Debt Lawsuit
When you are behind on paying your bills, the creditor or a debt collector may threaten to file a collections lawsuit against you. In recent years creditors have become more aggressive about suing people over debts — even when it’s a debt you don’t actually owe. It’s important that you never ignore a lawsuit. That only makes the situation worse and can result in your paycheck being garnished or other Read More
10 Key Terms to Know When You Are In Debt
Dealing with debt is confusing. Not only can the options available to you feel overwhelming, but the sheer number of unfamiliar terms used to even discuss debt can also be confusing. For many people who have fallen behind on payments or who are in over their head in debt, even simply understanding all the terms used by creditors can be difficult. The first step towards taking control of your finances Read More
Is Taking Out A Personal Loan To Pay Off Credit Cards a Good Idea?
As anyone with credit card debt can tell you, the stress of this kind of debt can really take a toll on you after a while. That’s especially true when you have a particularly high amount of debt or debt on a lot of credit cards. Many average Americans find themselves in over their heads in debt every year for just this reason. Despite this fact, few people know most Read More
Should I Transfer My Balance?
A question we hear time and time again from our clients that are overburdened by debt is this: Should I transfer my balance? Credit card balance transfers can sometimes be a good thing, but more often can cause some larger issues down the road. Today, we give you the honest answer we tell clients that ask, should I transfer my balance? The Benefits of a Balance Transfer The biggest benefit Read More
Reverse Mortgage and Bankruptcy
Many homeowners are still struggling to get on their feet after 2008’s housing crisis, and reverse mortgage options have become a popular route for those in need of financial breathing room. Many remain under water and wonder how a reverse mortgage impacts a potential bankruptcy. A reverse mortgage, or a home equity conversion mortgage, allows long time homeowners to access and live off of the home equity they’ve built after Read More
Client $30,000 in Debt Successfully Files for Bankruptcy
A man suspected he needed to file for bankruptcy to get rid his debt, but his attorney at the time assured him that he would not need to worry about that. Years later the man’s situation deteriorated and nothing worked out despite what his prior attorney had advised. That is when the man contacted Cleveland Bankruptcy Attorneys with Cleveland Bankruptcy Attorneys. Cleveland Bankruptcy Attorneys reviewed his client’s case and understood Read More
Young Father Successfully Files for Bankruptcy and is Refunded Garnished Wages
A young father and college graduate was overburdened with debt by the time he contacted the Cleveland Bankruptcy Attorneys. The man had accumulated a number of expenses over the years, which he charged to his credit cards. Some of these expenses included a computer, multiple spring break vacations, and groceries. After graduation, he was unable to get a good-paying job immediately. In addition to the coast of student loans, his Read More
Security Guard Successfully Files for Bankruptcy and Avoids Wage Garnishes
A 70-year old security guard had incurred too much debt throughout the years. Despite having decades-worth of medical bills to eventually pay, but did not have an immediate need to file for bankruptcy. However, his income was ultimately too low to pay off his debt. After reaching out to our Cleveland Bankruptcy Attorneys, Cleveland Bankruptcy Attorneys worked out a two-year plan with this client. Rather than being forced to pay Read More
Grandmother Successfully Files for Bankruptcy to Better Care for Family
An unmarried woman in her mid-50s had incurred more debt that she could handle after her daughter could no longer support herself or her own daughter. Before the Cleveland Bankruptcy Attorneys with Cleveland Bankruptcy Attorneys were contacted, the woman was being sued on one of her credit card accounts and was bracing for the following scenario: 25% of her paycheck was about to be garnished – income she could not Read More