For many, paying down debt seems like an impossible task. You spend nearly all of you weekly paycheck paying bills, having barely anything left over, and yet it seems like the balances you owe don’t even budge. Trying to keep ahead of debt can be extremely difficult and sometimes feels impossible. If you’re one of the many who cannot keep up, it’s possible that you have too much debt and 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.
Toledo Man Protects His 401K After Bankruptcy
After a prolonged period of unemployment, a 50-year-old man from Toledo acquired a new position in auto sales but needed some help with an untenable financial situation. During the time he was looking for work, he was living off of his credit cards, which resulted in over $200,000 in debt and creditors were beginning to garnish his wages. The man knew that he need to pursue a program to reduce Read More
Bankruptcy Alleviates Debt And Stops Wage Garnishment In Akron
In Akron, Ohio a 35-year-old teacher retained bankruptcy lawyers from Cleveland Bankruptcy Attorneys after a previous Chapter 13 bankruptcy filing with a different firm did not alleviate his concerns and was ultimately dismissed. The man was essentially unable to keep up with his house payments and other debts; therefore, he needed to surrender the property and find some financial relief. He also had the added limitation of his employer garnishing Read More
Cleveland Woman Finds Relief After A Failed Debt Consolidation
With so much of a person’s financial well-being depending on their credit report, people in financial trouble have started looking to debt consolidation companies. These organizations have become popular based on lofty promises of improving your circumstances without going through a bankruptcy filing. They claim to accomplish this by negotiating repayment plans with your creditors, who will accept a lower total amount. However, it is important to note that their Read More
Cosigner Protection Under Chapter 13 Bankruptcy
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
Bankruptcy Protects Cleveland Woman After Debt Relief Company Fails To Get Results
Today, everyone experiences financial ups and downs and it’s unfortunate that when people are trying to sort out their financial issues, unscrupulous debt consolidation companies come out of the woodwork. Such was the case for a Cleveland woman, working as an administrative assistant. This woman owed approximately $40,000 to various credit card companies and found an on-line debt relief company, purporting to be a California law firm that could settle Read More
How Does Divorce Affect Bankruptcy?
If you are facing the prospect of both divorce and bankruptcy, you are certainly heading for a world of difficulty. Both events involve court proceedings and lots of paperwork, time, and worry. One thing you may be wondering about is your timeline: specifically, if you know you will be filing for both a divorce and bankruptcy, should you plan to file one before the other? Marital and financial troubles are Read More
Cleveland Man Settles $75,000 Tax Debt
A short time ago, a 60-year-old man from Cleveland, working as a cook found himself in financial trouble by running afoul of the IRS and the Ohio Department of Taxation, when he discovered that he owed over $75,000 in back taxes. Apparently, his employer did not take the appropriate amount of taxes from his earnings for a number of years and he became liable for the tax debt that accumulated. 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
Canton Woman Improves Her Personal Finances With A Deed In Lieu Of Foreclosure
A woman in her 30’s, who worked for the Canton school system recently found herself in a very familiar situation for many Americans. Essentially, she realized that her personal finances were suffering because she had more house than she could realistically afford. All of her funds went to paying for a home she purchased with none left over for other necessities. This created a vicious cycle of mounting monthly debt Read More