Will My Landlord Know If I File for Bankruptcy?
Worried about your landlord finding out about your bankruptcy filing? When filing for bankruptcy, things may feel a bit uncertain and sometimes even out of control. But bankruptcy can be the key to taking financial control back. Read on to discover whether a landlord will be informed about a bankruptcy filing and how they will […]
Can You File Bankruptcy on an SBA EIDL Loan?
Are you considering bankruptcy while holding a SBA EILD loan? Here we will look into how bankruptcy relates to the loan and whether the loan is dischargeable in bankruptcy. SBA has sent more than 9 million collection letters in addition to 1.4 million due process letters and other borrower communication. [1] What is a SBA […]
How Many Times Can I File for Bankruptcy in Ohio?
If you are considering filing for bankruptcy and have done so in the past, you may be wondering about your eligibility to file again. We will explore this option and the concerns that may arise. Can I File for Bankruptcy Under the Same Chapter Again? When a person files bankruptcy under Chapter 7, Ohio allows […]
How Does Divorce Affect Bankruptcy in Columbus?
Ohio is ranked #11 with the most bankruptcy filings per capita. [1] Are you in the process of getting a divorce and filing for bankruptcy? Should You File Divorce or Bankruptcy First in Columbus? By filing for bankruptcy before divorce, you can potentially discharge or reduce your debt obligations, giving you a fresh start and […]
Avoiding Foreclosure in Springboro
Avoiding Foreclosure Foreclosure is a legal process in which a lender repossesses a home when the homeowner fails to make mortgage payments. The process typically begins with a series of missed payments, followed by a notice of default from the lender. If the homeowner does not resolve the default, the lender may initiate formal foreclosure […]
How Much Debt is Worth Filing Bankruptcy in Ohio?
If you are in debt, you may be considering filing for bankruptcy. Here are some factors to consider when making your decision. How Much Debt Makes Bankruptcy Worth It? One common benchmark for determining whether bankruptcy is worth pursuing is the amount of unsecured debt you owe, such as credit card debt, medical bills, and […]
Chapter 7 Exemptions in Columbus, Ohio
Chapter 7 Exemptions in Columbus In Columbus, Ohio, Chapter 7 bankruptcy exemptions allow individuals to protect certain assets from being liquidated to pay off debts. The specific exemptions include a maximum allowed equity of $145,425 in a primary residence, $1,700 in cash on hand, $4,450 in motor vehicle value, and exemptions for household goods, jewelry, […]
Wage Garnishment Law and Statistics in the U.S.
Are you dealing with wage garnishment issues? You need to know wage garnishment law and understand the statistics behind wage garnishment in the U.S. By understanding the laws and statistics surrounding garnishment, you can take control of your financial situation and protect your hard-earned money. Wage Garnishment A wage garnishment is a legal or equitable […]
Tax Consequences of Filing for Bankruptcy
Tax Consequences – Filing for Bankruptcy In moments of financial distress, filing for bankruptcy often emerges as a daunting yet necessary step toward a fresh start. While it provides a pathway to alleviate overwhelming debts and regain financial stability, the decision to declare bankruptcy carries multifaceted implications, including its impact on tax obligations. The tax […]
Can Student Loans be Discharged Through Bankruptcy?
Student Loan Debt Crisis in The US The student loan debt crisis in the US has become a significant issue. As of March 2023, there are approximately 44 million Americans who have a total of $1.6 trillion in student loan debt. [1] The increasing number of borrowers walking away from debt from student loans in […]
