Bankruptcy News

If you have considered filing for bankruptcy you may be wondering what you can expect. While the process isn’t meant to be intimidating, there are some specific guidelines that you will need to follow. While you will be required to participate in the process understanding what to expect is the best way to achieve a [...]

For anyone dealing with mounting debts the decision to take action isn’t as easy as you might think. Which option is best? How will assets be affected? Will there be any challenges in future credit? All of these are valid questions that should be asked before deciding on any debt relief strategy. Here is why: [...]

The turbulent economy in has challenged businesses big and small in recent years. While some haven’t made their way out of a bleak financial future, others have fared quite well with the help of debt reorganization. In efforts to protect future operations, the operator of Oreck vacuums has filed for Chapter 11. Dusty Debts The [...]

For anyone facing foreclosure, the stress of the process can be overwhelming. Even worse is that some states have foreclosure laws that allow lenders to initiate and complete the process in a little as 45 days. Even though Ohio is not one state that carries such laws, residents may still face a time crunch when [...]

With student loan debt now topping $1 trillion and fewer high paying jobs being added to the market, the burden to repay this deficit is harder than ever. Though student loan debt now outweighs credit card debt in the United States, there are very few solutions to alleviate this burden. Knowing more about how student [...]

In efforts to continue the initiative for green living, many young companies have attempted to carve out a place in the electric car market. As one of three recent startup companies for green car manufacturing, Coda Holdings profits failed to live up to the vision. Stalled Profits Only three short years ago, Coda was one [...]

Despite major healthcare legislation reforms, medical debts and expensive medical bills are the leading cause of bankruptcy filings in the United States. In fact, numerous studies have shown that over 60 percent of personal filings come as a result of unmanageable medical bills. The worst part is that these medical bills are often unexpected. Unlike [...]

Every year, millions of American homeowners fall behind on their mortgage payments. When their banks and lenders begin to threaten to come after the property, homeowners are terrified that they could lose their place to live. An underwater mortgage can lead to foreclosure and harassing calls from debt collectors. Fortunately, bankruptcy is a powerful solution [...]

One of the biggest concerns that appears during the bankruptcy process is whether or not the filing will affect an individual’s spouse. After all, if the debt is one-sided, it shouldn’t hurt the other, right? Since finances in marriage can be so difficult to navigate, it’s important to seek advice and guidance from an experienced expert. A [...]

When it comes to filing for bankruptcy you have several choices. You can file it on your own, hoping to obtain a successful outcome, or you can seek the counsel of a Dayton bankruptcy attorney. Experts agree that filing alone is probably not the best idea, as there are several critical aspects of the process [...]