Stop Wage Garnishment
If a creditor is taking money out of your paycheck in Ohio, you can stop it. Filing Chapter 7 or Chapter 13 triggers a federal court order called the automatic stay, and most garnishments must stop within days.[1] You also have options that don’t involve bankruptcy. Key Takeaways Bankruptcy’s automatic stay (11 U.S.C. § 362) […]
The Impact of Bankruptcy on Your Cosigners
The impact of bankruptcy can be far-reaching, not only on the individuals who file for it but also on their cosigners. When a person files for bankruptcy, they are seeking legal protection from their creditors by declaring an inability to pay their debts. This process allows them to either discharge their debts entirely or create […]
Debunking Common Bankruptcy Stereotypes
Thinking about bankruptcy but held back by what you have heard? You are not alone, and most of what people fear is wrong. Bankruptcy filings rose 11% in the year ending December 2025, reaching 574,314 cases nationwide.[1] That is a lot of ordinary people using a legal tool that works. Below, I take the five […]
Understanding the Automatic Stay in Bankruptcy
If you are considering filing for bankruptcy, you may be interested in learning about the concept of automatic stay. What is an Automatic Stay in Bankruptcy? When individuals or businesses face overwhelming financial challenges and decide to file for bankruptcy, they often find relief in the automatic stay provision. The automatic stay is a powerful […]
Avoiding Foreclosure in Akron, Ohio
Falling behind on your mortgage is frightening, but a missed payment is not the end of your home. Ohio gives homeowners real time and real options before a foreclosure can finish. If you live in Akron or anywhere in Summit County, the law is on your side more than you might think. Federal rules force […]
Ohio Burger King Bankruptcy
Burger King Franchisee Files Chapter 11 Bankruptcy in Akron, OH Burger King, a well-known fast food chain, has faced its fair share of challenges in recent years. However, the latest blow comes from Akron, Ohio, where one of its franchisees has filed for Chapter 11 bankruptcy protection. This filing has sent shockwaves through the local […]
Ohio Bankruptcy Statistics
Bankruptcy Statistics in Ohio The state of Ohio has experienced economic challenges in recent years, including rising debt, high unemployment rates, and increasing healthcare costs. These challenges have contributed to a sharp rise in bankruptcy filings across the state, with thousands of individuals and businesses seeking debt relief through bankruptcy courts. We will examine eight […]
Bankruptcy Statistics in the United States
Most people who file for bankruptcy are not reckless spenders. They are ordinary earners, usually taking home under $45,000 a year, undone by a medical bill or a lost paycheck they never had room to absorb. And after more than a decade of falling numbers, more of these households are reaching that point every year. […]
Yellow Trucking Bankruptcy: What Went Wrong?
Overview of the Yellow Truck Bankruptcy The Yellow Truck bankruptcy has sent shockwaves throughout the American freight industry, raising concerns about the stability and future of one of the nation’s largest truckload carriers. With thousands of unionized workers and millions of dollars in outstanding debt, the once-prominent logistics firm has succumbed to financial turmoil, prompting […]
Instant Brands files for Bankruptcy – Insta Pot’s Final Hours
Background on Instant Brands Instant Brands is an Illinois-based kitchenware company that is widely popular for its pressure cooker and air fryer products. The company was acquired by Cornell Capital, a private equity firm, in 2019. Despite the surge in demand for its kitchen products during the pandemic, Instant Brands’ financial position has been facing […]