A 50-year-old man from Parma, Ohio recently went from a high paying job to becoming disabled and suddenly having very little income. Between credit card and medical debts and car and house payments, the man was in a deteriorating financial state. It wasn’t long before the man, overburdened by his growing debt, turned to the Cleveland Bankruptcy Attorneys with Cleveland Bankruptcy Attorneys. With over $80,000 in credit card 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.
Warning to Bankruptcy Filers: Beware of New Scam
On October 14, 2015, the National Association of Consumer Bankruptcy Attorneys released this bulletin prepared by the NACBA warning consumers about con artists posing as bankruptcy attorneys across the country. If you are looking to file for bankruptcy, be aware that con artists are targeting unsuspecting people who are getting started in the process. Con artists are using a telephone scam soliciting money wire transfers. When a consumer receives a Read More
Foreclosure Scams
When you are behind on your mortgage payments and fear losing your home, you may feel overwhelmed and unsure who to trust. With so many companies out there claiming to help you get back on your feet, it’s all too easy to fall prey to foreclosure scams. Unfortunately, these scams won’t help you save your home. They simply will bring you closer to losing your home, bleeding you of your Read More
Can I Keep My Tax Refund While Filing for Bankruptcy?
When you are considering bankruptcy, every little extra bit of money can help, which is why many people worry about the impact of a bankruptcy on an income tax refund asking, “Can I keep my tax refund while filing for bankruptcy?” Unfortunately, the answer isn’t so clear-cut. Generally, the trustee will want to take your tax refund and include it as an asset in the estate, because it is both Read More
Damages for Unfair Debt Collection
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
Should I Use My 401k to Pay Off Debt?
When you are overwhelmed by bills you can’t handle, it is important to consider all of the options you have available to pay them off. That’s why many people overburdened by debt find themselves asking, “Should I use my 401k to pay off debt?” As Cleveland bankruptcy attorneys, we hear this question all the time. While it’s not easy to give a clear-cut answer that will apply to every situation, Read More
Should I Take Out a Home Equity Line of Credit?
We’ve seen hundreds of clients who are struggling with debt and desperate for a workable solution. We always discuss the best options for their unique situation, but almost all ask, “Should I take out a home equity line of credit?” at some point. When debt seems overwhelming, this often appears to be a workable solution. Unfortunately, this appearance can be deceiving. Too often, people think that getting a home equity Read More
5 Dangers of High-Interest Loans
For many people in financial trouble, an unsecured loan to pay off debts can feel like the only option. Unfortunately, such loans usually require a great credit score and healthy financial history in order to get one with low interest. For the majority of people, these types of loans are often dangerous high-interest loans. High-interest loans can be a temporary fix for people able to get their financials in shape 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