What is the Income Limit for Filing Chapter 7?
Understanding Chapter 7 Bankruptcy: What Are the Income Limits? Are you feeling buried under a mountain of debt and considering whether Chapter 7 bankruptcy could be your path to relief? You are not alone; many Americans face the tough decision of whether to file for bankruptcy. Chapter 7 bankruptcy is designed to provide relief from […]
Should I Pay My Debts With My Retirement Savings?
Paying Debts With Retirement Funds Many people face the tough decision of using their retirement savings to pay off debts. The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans. [1] While paying off high-interest […]
Can You File Chapter 13 After You File Chapter 7?
Is It Possible to File Chapter 13 After Filing Chapter 7? If you’ve recently filed for Chapter 7 bankruptcy (which liquidates assets to discharge unsecured debts) and received a discharge, you might find yourself wondering whether filing for Chapter 13 (which involves a repayment plan) is a possibility if your financial struggles aren’t completely behind […]
Can Tax Debt be Discharged in Chapter 13?
Tax Debt and Chapter 13 If you’re dealing with overwhelming tax debt, you may be wondering if filing for Chapter 13 bankruptcy can offer relief. While tax debt is often tricky to manage, this form of bankruptcy provides a potential pathway to get back on track. Chapter 13 Bankruptcies in the United States in 2023 […]
Credit Card Debt and Bankruptcy in Columbus
What Happens to Credit Card Debt When Filing for Bankruptcy in Columbus? Filing for bankruptcy can be an important decision, particularly for individuals struggling with credit card debt in Columbus. Understanding the implications of bankruptcy on credit card debt is essential for anyone considering this path, as it can provide a fresh start while also […]
Will I Lose My House if I File Chapter 13?
House Ownership and Chapter 13 Bankruptcy Filing for bankruptcy does not automatically mean that you lose your house. Bankruptcy is designed to help individuals manage their debts while keeping their assets. You can get better payments with your creditors and save your property, including your house, when you file for bankruptcy. Whether you retain your […]
Wage Garnishment in Columbus
Columbus Wage Garnishment Wage garnishment can be a stressful and confusing experience. It occurs when a court orders an employer to withhold a portion of your earnings to pay off debts, such as unpaid loans, child support, or taxes. Understanding how wage garnishment works is can protect you if you are facing financial difficulties in […]
Protecting Your Assets When Facing Bankruptcy in Ohio
In the year 2023 alone, 21,140 bankruptcies were filed in Ohio. [1] Facing bankruptcy can be one of the most challenging experiences in a person’s life. It brings feelings of anxiety and uncertainty, not only about the future but also about the fate of one’s assets. That’s why it’s essential to have a solid strategy […]
Ohio Bankruptcy Benefits
Bankruptcy in Ohio Filing for bankruptcy can be accompanied by emotions and uncertainty about the future. However, for many Ohio residents, bankruptcy serves as a lifeline, offering a path to financial recovery and relief from overwhelming debt. Ohio Has the 14th highest bankruptcy rate in the country as of 2021. [1] Understanding the benefits of […]
Credit Counseling – What to Expect
Many people in America live have mounting financial pressures. While they pay the bills that keep the lights on and housing in place, they watch interest rates soar and are unable to put a dent in their medical bill payments, credit card debt, and other expensive but not essential bills. Non-profit credit counselors can come […]
