Bankruptcy Costs
How Much Does It Cost To File Bankruptcy?
The cost to file bankruptcy. This is information that everyone needs to know when considering filing for bankruptcy protection. Whenever you are going to file a legal action there will be fees to pay. In order to get the bankruptcy process moving forward you should be aware of the costs associated with your case. What chapter…
Read MoreCredit Counseling Requirements in Bankruptcy
A Requirement of Filing: Credit Counseling Class In 2005 Congress adopted new bankruptcy laws known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), one of the requirements of this new law included at requirement for debtors to obtain credit counseling from a government approved organization within 180 days before filing for bankruptcy…
Read MoreChapter 13 Bankruptcy: How does it work?
A Quick Review of Chapter 13 Bankruptcy Chapter 13 bankruptcy is part of the bankruptcy code under which a debtor may repay all or a portion of their debts under the supervision and protection of the bankruptcy court. During this time, creditors are prohibited from contacting the debtor and the debtor is protected from foreclosure, just as…
Read MoreWhich Bankruptcy Filing Is Right For Me?
Chapter 7 v. Chapter 13: Find the Right Bankruptcy Filing for You How are Chapter 13 and Chapter 7 bankruptcy filing? Creditors are prohibited from contacting you while under the protection of the automatic stay, which goes into place upon the filing of either chapter; and Completion of the Credit Counseling Class is required…
Read MoreOhio Bankruptcy FAQs
Got a bankruptcy question? – I got answers! What is bankruptcy? Bankruptcy is a federal law designed to provide a fresh start to debtors. A fresh start including freedom from harassing creditor phone calls, lawsuits, repossessions and garnishments. It is a privilege granted to you under the United States Constitution. It is a very powerful law because…
Read MoreWho's Filing for Bankruptcy?
College Graduates Filing Bankruptcy at Higher Rate A report by the Institute for Financial Literacy, finds that college graduates and people with advanced degrees are filing more often. In fact, since the passage of the Bankruptcy Abuse Prevention and Protection Act, holders of higher education degrees have increased their filings by about 20 percent. Despite the rise in…
Read MorePayday Loans: Playing with Fire
Quick Fix or Burdensome Debt?– Financial Quick Sand of Payday Loans Payday loans provide a quick cash resource for many people, but more often than not, this quick fix can turn into overwhelming debt very quickly, burying a borrower in debt with massive interest rates attached. These loans are usually seen as a short-term solution for bills…
Read MoreBankruptcy and Divorce: A Common Couple
Bankruptcy and Divorce: When your divorce leaves you broke, bankruptcy can give you a fresh start! Many times bankruptcy and divorce go together. A divorce is not only emotionally draining, but separating all the debts and assets of two people gained during a marriage can lead to financial instability. In a divorce all marital property…
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