Why a Bankruptcy Attorney Must Be Affordable

If you are considering filing for bankruptcy, you are already having trouble paying your debts, so the last thing you need is attorney fees that are unaffordable.  However, trying to avoid fees by filing bankruptcy on your own may cost you.  Between filing and court fees and the possibility of making mistakes that will void your bankruptcy altogether, you may save nothing.  You could wind up actually paying more or even have your bankruptcy end without having your debts discharged. To avoid mistakes, it’s best to have the guidance of… CONTINUE READING

Understanding the High Rate of Bankruptcy Filings in Ohio

Filings for bankruptcy abound in Ohio – the state has the 10th highest rate of personal bankruptcy filings in the nation, according to a recently released analysis from Nerdwallet.com. The study examined bankruptcy filings in 587 counties across America and found that all the states in the top ten list were either in the South or in the industrial Midwest. While the South traditionally has the highest rates of bankruptcy filings, they are probably also high in the Midwest due to economic indicators in recent years. Our region suffered in the Great Recession… CONTINUE READING

Mounting Automobile Debt Could Disrupt Economy

If you need a car but don’t have the credit score to qualify for a regular auto loan, you may be tempted to take out a subprime auto loan instead. This could prove to be a mistake, as the chances of financial problems resulting from these loans are growing, even to the point of endangering the economy. According to data from the Federal Reserve Bank of New York, delinquencies for subprime loans are nearing crisis levels at auto finance companies. The Fed report stated that the more than 23 million… CONTINUE READING

What Happens When a Case is Dismissed Without a Discharge?

When you file for bankruptcy in Ohio, you want your debts to be discharged -- eliminated -- so that you can receive a fresh financial start. However, there are times when situations change, and you no longer wish to continue with the bankruptcy, or you made mistakes or have problems, and your case winds up being dismissed and ended without discharge by the court. If your bankruptcy case is dismissed, it will still appear on your credit report. A bankruptcy will typically stay on your credit report for 7-10 years. You… CONTINUE READING

Equifax Changes its Bankruptcy Policy

Finally, Equifax is going to do something to change its unfair policy that has been making it more difficult for Chapter 13 filers to remove the red flag of bankruptcy from their records. For a long time, Equifax has been keeping bankruptcies on credit reports for 10 years, while the other two major credit rating agencies, Experion and TransUnion, removed them after 7 years. The federal Fair Credit Reporting Act allows a bankruptcy to remain on credit reports for up to 10 years, but the credit reporting agencies have leeway to… CONTINUE READING

Why a Bankruptcy Attorney Must Be Affordable

If you are considering filing for bankruptcy, you are already having trouble paying your debts, so the last thing you need is attorney fees that are unaffordable.  However, trying to avoid fees by filing bankruptcy on your own may cost you.  Between filing and court fees and the possibility of making mistakes that will void your bankruptcy altogether, you may save nothing.  You could wind up actually paying more or even have your bankruptcy end without having your debts discharged. To avoid mistakes, it’s best to have the guidance of… CONTINUE READING

Does the American Dream no Longer Include Home Ownership?

Owning a home has always been a big part of the American Dream.  Children of hard-working parents grew up believing that if they worked hard to get ahead, they could have a better life than the previous generation, and that included having their own home. However, recent statistics show that this dream has been starting to crash. According to a new study from Pew Research Center which analyzed Census Bureau housing data, more United States households "are headed by renters than at any point since at least 1965." Americans are not renting… CONTINUE READING

It’s no surprise people are filing for bankruptcy; they can’t even afford an apartment!

You work hard at your full-time job, so you figure you should be able to pay your rent and put food on your table.  Guess again.  Some people making minimum wage in Ohio, are not going to be able to rent a median two-bedroom apartment without heading toward bankruptcy. According to new research by the National Low Income Housing Coalition, you would have to make more than twice as much to afford a typical apartment -- $15 per hour as opposed to the federal minimum wage of $7.25.  While you may be… CONTINUE READING

Which is More Dangerous — Credit Card Debt or Mortgage Debt?

Getting credit is easy in the United States, so it’s tempting to use credit cards and loans to make purchases you otherwise couldn’t afford.  When you use debt wisely, it can be a positive way to build wealth.  But too many people are sucked into taking on the wrong kind of debt, the dangerous kind that starts to lead to financial problems and having their credit ruined. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer understand that even the most well-intentioned people can take on debts that become… CONTINUE READING

How Estate Planning Can Help Prevent Bankruptcy

When you’ve worked hard to accumulate assets, the last thing you want is for your beneficiaries to lose it all if they find themselves having to file for bankruptcy.  This can happen if your heirs wind up in financial trouble and have to face bankruptcy when their inheritance arrives. While assets from an estate can be just what people need to prevent bankruptcy, they can be lost if planned incorrectly.  Money or retirement funds that come to your heirs directly have no protection from creditors, lawsuits, or even divorcing spouses. … CONTINUE READING

If you are considering filing for bankruptcy, you are already having trouble paying your debts, so the last thing you need is attorney fees that are unaffordable.  However, trying to avoid fees by filing bankruptcy…

If you are having problems managing your household debt, you are not alone. November 2017 statistics from the Federal Reserve Bank of New York showed that household debt rose by $116 billion, or 0.9%, to $12.96…

Filings for bankruptcy abound in Ohio – the state has the 10th highest rate of personal bankruptcy filings in the nation, according to a recently released analysis from Nerdwallet.com. The study examined bankruptcy filings in 587 counties across…

1-877-654-LAWS
  • Facebook
  • Google Plus
  • Linkedin
  • You tube
Attorney Web Marketing