A Brooklyn bankruptcy judge may have set a new precedent in her ruling of a recent case. Judge Carla E. Craig ruled that a law school graduate was allowed to discharge the unpaid portion of a loan she received from Citibank when she was studying for the bar exam. Lesley Campbell attended Pace University Law School in 2009 and, as preparation for her bar school exam, took out a “bar 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.
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
Taxes after Filing for Bankruptcy
It’s tax season, which means if you’ve filed for bankruptcy recently or you have already been awarded your discharge, you need to be aware of the differences in how you will file your taxes. When you file for bankruptcy, you are assigned a bankruptcy trustee who handles your affairs and your debt is moved into an estate. Whether you have filed for a Chapter 13 or a Chapter 7 bankruptcy, Read More
Cleveland Man Has Wage Garnishments Returned
Wage garnishments are mandatory deductions from someone’s income to pay off debts they incurred; however, if someone is in a financial crisis a bankruptcy filing puts an automatic stay on these deductions, which prevents creditors from contacting a person about a debt. In certain cases, someone in an active bankruptcy can even recoup previously garnished wages if they were collected within a specific period surrounding the filing. Not long ago, 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
Rapidly Rising Household Debt Predicts Recessions
High levels of debt are bad for the country for many reasons. Families cannot contribute to the economy because they are struggling to pay off debts. Housing markets slump. Most importantly, everyday American families struggle to make ends meet. According to recent research released by the National Bureau of Economic Research, however, the problem may actually be worse than previously realized. The working paper reveals that rapidly rising household debt Read More
Bankruptcy Filing Clears Payday Loan Debt For A Man in Canton, Freeing Up Money For Other Bills
It’s an unfortunate reality that if you find yourself in an uncertain financial position, a person needs to adapt. Recently, Cleveland Bankruptcy Attorneys represented a man from Canton, receiving worker’s compensation due to a workplace accident. Our client was accustomed to a certain level of income and found it difficult to maintain this lifestyle after his unanticipated injury. His concerns about debt collection were reasonable because prior to contacting our Read More
A New Father In Parma Is Granted More Affordable Home & Auto Options To Improve His Financial Situation
A man from Parma, working as a Grinder for a Machine Company recently had a child and began living with his girlfriend; however, prior to starting a family, he was living in an expensive apartment meant for a bachelor and was driving an impractical vehicle. His limited income could not support the added expense of a child and he began falling behind in other areas, so he contacted Cleveland Bankruptcy Read More