Ohio Bankruptcy, Dayton Bankruptcy
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JCPenney on the verge of Bankruptcy

October 3, 2017 | Posted in News

  JCPenney’s stock is now officially a penny stock trading below $4 per share for the first time in the company’s history. JCPenney is a Department store that most Americans are familiar with. The company operates 876 locations in 49 states and Puerto Rico. JCPenney isn’t the only department store whose financial results have been […]

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Ohio Telemarketing Company Declares Bankruptcy

September 26, 2017 | Posted in News

Suarez Corporation Industries, an Ohio based Telemarketing Company filed for federal bankruptcy protection this week claiming to owe $10 to $50 million in debt, and owning $500,000 to $1 million in assets. SCI was started in 1970 by Ben Suarez who started the fledgling Direct Marketing Company from his home. Through direct marketing of a […]

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Bankruptcy Cases in Northwest Ohio Continue to Rise

September 20, 2017 | Posted in News

Bankruptcy filing have been on the decline for the past several years, with the decline being attributed to less medical debt thanks to the Affordable Health Care Act and an increase in the difficulty of getting a Chapter 7 bankruptcy case approved by the courts courtesy of the 2005 means test addition to bankruptcy filings. […]

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Can I File Bankruptcy for Free?

September 13, 2017 | Posted in Bankruptcy

IF you didn’t know, filing for bankruptcy does have a cost associated with it. When you file for Chapter 7 or Chapter 13 bankruptcy there are filing fees, costs for take the required courses, bankruptcy attorney fees, and bankruptcy trustee fees. Many individuals see these costs as a hardship as they have been barley getting […]

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Objections to Bankruptcy Discharge

September 5, 2017 | Posted in Bankruptcy

In filing for bankruptcy, an individual or business approaches the court with a full record of their finances, both debts and assets, and asks the courts for help in satisfying the debt. If all guidelines are met, then the court will make a ruling to discharge unsecured debt such as medical bills, or any debt […]

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Adversary Proceedings in Bankruptcy

August 30, 2017 | Posted in Bankruptcy

Often simply called an AP in bankruptcy lingo, an Adversary Proceeding is a lawsuit that is filed separately but in relation to a bankruptcy case and resembles a typical civil case. In an adversary proceeding is typically a creditor, trustee, or debtor suing another party over a dischargeability of debt, preference payment, violation of automatic […]

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Financial Advisor in Virginia charged with Bank Fraud

August 23, 2017 | Posted in News

Victor Dandridge, a former partner at Thompson Davis & Co., plead guilty on Wednesday to two counts of wire fraud and one count of bank fraud in a scheme that involved defrauding the widow of a Richmond investment banker, as well as, a western Virginia Bank, and a University of Virginia fraternity. In court documents, […]

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Investments In Bankruptcy

August 22, 2017 | Posted in Bankruptcy

Both Chapter 7 and Chapter 13 bankruptcy are excellent tools to shed unsecured debts and get caught up with creditors. Yet some individuals with relatively little short term cash to pay back debts, also have long-term investments that they are concerned about losing in a bankruptcy. When moving forward with bankruptcy it is important to […]

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Pensions in Bankruptcy

August 15, 2017 | Posted in Bankruptcy

If you are preparing to file for bankruptcy and also receive a pension, you are probable wondering if your pension will be exempt from being tapped into during a Chapter 7 bankruptcy liquidation. The answer depends widely on what state that you live in and what type of pension that you have. The positive news […]

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New Debt Collection Abuse Bill Being Considered by House Subcommittee

August 10, 2017 | Posted in News

The Fair Debt Collection Practices Act (FDCPA) was a huge win for consumers in America faced with escalating debt. Under the FDCPA, debt collectors, or individuals that collect debts owed to others, are prohibited from using unfair or abusive tactics to collect money owed. This week, the House Financial Services Committee announced that it is […]

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