Ohio Bankruptcy, Dayton Bankruptcy
bankruptcy attorney in Dayton Ohio

Monthly Archives: October 2016

Missed Payments on New Credit Cards is Increasing

October 27, 2016 | Posted in Credit

We all know that missing a credit card payment is bad. It can have negative effects on your credit score, leave blemishes on your credit report, and if missed long enough you can be sent to collections and even sued. Furthermore, the cost of the credit increases, and you’ll probably be hit with a late […]

 Contine reading

Are Payday loans a bad idea?

October 25, 2016 | Posted in Debt

Yes, payday loans are generally a bad idea that should be avoided at all costs. Here’s why: Payday loans are very costly with extremely high interest rates and very short payback periods that are designed to keep you coming back again and again to take out a new loan. Each and every year, millions of people […]

 Contine reading

Do I Need a Bankruptcy Attorney?

October 20, 2016 | Posted in Bankruptcy Attorney Questions

Yes, you need a bankruptcy attorney to file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy. While you don’t HAVE to have legal representation, your chances in successfully obtaining a discharge of your debt on your own are very low. So low in fact, that the United States Courts HIGHLY recommend you obtain the […]

 Contine reading

Ohio Bankruptcy Cases on the Rise

October 18, 2016 | Posted in News

Ohio Bankruptcy Cases increased in volume in northwest Ohio for the second month in a row in September 2016. This is the first time in 7 years that there has been a month over month increase in bankruptcy filings. So why then, are there is increase numbers of cases in northwest Ohio and is this […]

 Contine reading

What Your Credit Card is Actually Costing You

October 13, 2016 | Posted in Credit

When used wisely a credit card can save you on an emergency home or automobile repair, allow you to get a small interest free loan, and/or help build your credit. When used carelessly, credit cards can cost you big time and put your financial health in jeopardy. Not only this, but because the average credit […]

 Contine reading

What You Should Know About the New Fico 9 Standards

October 11, 2016 | Posted in Credit

FICO is a credit rating system used by 90% of credit lenders in the United States. In essence, the higher your FICO score, the more likely you are seen as being able to pay back a loan. The new FICO 9 rating systems is now taking effect, and individuals could see an increase in their […]

 Contine reading

What is a Bankruptcy Trustee?

October 6, 2016 | Posted in Filing Bankruptcy

Bankruptcy trustees have an important part in the bankruptcy process. A bankruptcy trustee is typically appointed privately by the Department of Justice and acts as a neutral party who protects both the debtor and the creditors. Under current US bankruptcy law, when you file for bankruptcy protection an “estate” is created consisting of all your […]

 Contine reading

How Can I Protect Inheritance in Bankruptcy?

October 4, 2016 | Posted in Filing Bankruptcy

For the most part the US bankruptcy laws are quite clear regarding inheritance, but like many laws, there are a few loopholes that only an experienced Ohio bankruptcy attorney may know about or be able to spot in order to further assist your financial well being. When filing a Chapter 7 bankruptcy all your assets: […]

 Contine reading