Richard West Law Office Blog Content

It’s a dreadful feeling when a company or organization can tap into your bank account. What once was a very personal thing, can now be reached into like a cookie jar. A credit card company that has a contract with you as a debtor has the means to levy your bank account, even if the […]

A cram down is referred to as the process of reducing the loan balance of a secured debt to match the value of the particular property it is secured by. Cramdowns are utilized in Chapter 13 bankruptcy to reduce the principle of automobiles, investment real estate, or certain other properties. While cramdowns have historically not […]

Toys-R-Us filed a voluntary petition for Chapter 11 bankruptcy protection with the US Bankruptcy Court for the Eastern District of Virginia on September 18th, 2017. The company, like many struggling retailers, has had a tough time turning a profit while competing with massive online retailers such as Amazon and Walmart.com. As with most companies filing […]

Owner financing a home to another individual can be a great move for a property owner. You get a monthly payment each month similar to renting, but also retain ownership of the property, including the tax benefits until the home is paid in full. But what if the person you are owner financing files for […]

While Chapter 7 bankruptcy is the most common form of debt relief when filing for an Ohio bankruptcy, not everyone will qualify. In order to be eligible for Chapter 7 bankruptcy protection, you must pass the bankruptcy means test. The means test is meant to give the bankruptcy court and trustee insight into your household […]

If you have run into difficulty paying your bills, odds are that you’ll receive some type of correspondence from the creditor seeking repayment, often referred to as a collection attempt. If you don’t respond to these collection attempts in Ohio, creditors have a number or legal remedies they can seek. The initial step creditors take […]

As many individuals make New Years’ resolutions to improve their credit in the New Year, more scammers and credit repair fakes are launching in an attempt to separate you from your money without any help to your credit. The Better Business Bureau is placing a renewed warning to consumers who encounter companies claiming the ability […]

One of the biggest commercial real-estate data firms in America, Xceligent, filed for liquidation this week. The decision to shut down the company comes after discussion with CoStar Group to settle litigation over alleged data theft. While companies that wish to remain in business and negotiate with creditors can file for Chapter 11 bankruptcy protection, […]

Difficult credit and financing conditions have led Real Industry Inc., owner of Real Alloy, to file for Chapter 11 Ohio bankruptcy. Real Alloy, a secondary aluminum producer based in Beachwood, Ohio filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware where it is incorporated. The company has scrap […]

While Bitcoin has been around quite some time, the digital currency has been all the rage lately as consumers from all walks of life are considering investing in the futuristic financing. It seems like Bitcoin has reached a status that the stock market did before the dot-com bubble burst when taxi cab drivers were even […]