Lien Stripping in Chapter 13

By David Smith | August 1, 2014 |

Lien Stripping in Chapter 13 : Is it For You? The process known as lien stripping is the opportunity to strip an unsecured second or third mortgage, or home equity line of credit from real property, and is one of the most beneficial aspects of filing a chapter 13 bankruptcy, as opposed to a chapter 7,…

Bankruptcy: Pre-filing Do's and Don'ts

By David Smith | June 11, 2014 |

Pre-Bankruptcy Do’s and Don’ts If your bills are pilling up and creditors are continually harassing you, but you are not sure that you will have to file bankruptcy, there are some Do’s and Don’ts which may protect some of your property if you do eventually file. DO Continue making payments on vehicles which you intend…

Ohio Bankruptcy FAQs

By David Smith | May 12, 2014 |

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…

Payday Loans: Playing with Fire

By David Smith | May 9, 2014 |

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…

Bankruptcy and Divorce: A Common Couple

By David Smith | May 7, 2014 |

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…

Happy Mother's Day! — Show Mom you care without breaking the bank.

By David Smith | May 6, 2014 |

Make Mom proud this Mother’s Day! — (make responsible decisions about your money) Every Mother’s Day I try to figure out a really special gift for my Mom, which is no easy task because she always tells me the same thing, “Honey, I don’t need anything – I’d rather you just save your money.” She…