Famous Cases of Personal Bankruptcy

If you find yourself bogged down with so many financial problems that you are considering bankruptcy, you’re in good company. Money problems can occur even to the richest and most famous celebrities. Just like the average person, when the rich and famous make mistakes or mismanage their funds, they can wind up harassed by creditors and faced with foreclosure of their homes, repossession of their cars, and loss of their assets. Fortunately, for anyone in a situation where debt is more than they can handle, bankruptcy can be a valuable… 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

Protecting Your Firearms in Bankruptcy

If you are a gun owner who is worried about losing your weapons when filing for bankruptcy, there is good news. Both Ohio and federal bankruptcy laws exempt certain property, so your guns may be part of the property you wind up keeping. Most of the time, the federal property exemption is large enough to protect your firearms; but what is even better is that Ohio is one of the states that specifically names firearms in its list of exemptions. Even so, you need to be careful when filing for… CONTINUE READING

Debt is Putting More Pressure on Americans

Your mounting debts can be creating enough stress to make you sick.  The more debts, the greater the pressure to meet them, and the greater your stress level can become.  It’s no wonder that researchers at the Ohio State University found that people with higher levels of debt showed higher levels of physical impairment and worse health than those with lower levels of debt. If you’re stressed over debt, it can cause problems in all areas of your life. You’re likely to be less productive at work, and your family… CONTINUE READING

America’s Enormous Tax Situation

It is estimated that Americans will pay $3.3 trillion in federal taxes and $1.5 trillion in state and local taxes this year, making tax one of the largest financial burdens facing our citizens. According to the Tax Foundation, Americans work several months every year in order to pay its annual tax bill to Uncle Sam. Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its federal, state, and local taxes for the entire year. In the early 1900s, this day occurred on January 20, but… CONTINUE READING

Use Your Income Tax Return to File That Bankruptcy You Keep Talking About!

If you are thinking about filing bankruptcy in Ohio, you should consider what to do about any tax refunds you expect to receive or already have received.   Depending on how you handle it, some or all of your refund may be protected; if you wind up filing for bankruptcy, you are permitted to use your tax refunds to pay for your bankruptcy attorney fees and court costs. Tax refunds are particularly tricky to deal with, because you may owe tax from a time prior to your bankruptcy, and you… CONTINUE READING

Avoid Frivolously Spending Your Income Tax Refund

So you are getting a tax refund – now it is time to come up with smart decisions as to what to do with it.  Sure, it might feel good to go on a big shopping spree when the money comes in, but then what?  You wind up with stuff that does nothing to better your future, and you might even overdo it and find yourself deeper in a financial hole.  It makes sense to plan in advance on how to best make that money work for you and your… CONTINUE READING

Are You Making These Budgeting Blunders?

If you find yourself short of money each month, it is a good idea to make a budget that suits your lifestyle.  But many people who make budgets wind up not sticking to them, often because they make common mistakes they may not even be aware of. Your budget doesn't have to be perfect for it to work, but it pays to be aware of situations that can throw your spending plan off balance. The skilled and seasoned Ohio debt-relief attorneys at Fesenmyer Cousino Weinzimmer understand that even the most well-intentioned… CONTINUE READING

When Debt Leads to Jail Time

In Ohio, debt-collectors can send you to jail if they get a judgment against you. Once they have this judgment, you can be faced with jail time and the record that goes with it that can have many negative effects on your life. This is just one reason that if you find yourself with debts you cannot meet, your best bet is to seek legal advice. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer understand that money problems can happen to even the most well-intentioned people.  We offer… CONTINUE READING

Ohio Unemployment Requirements

If you have lost your job through no fault of your own, you probably assume that you will be able to collect unemployment insurance until you find another one, but unfortunately, it does not always work out that way.  Too many people who are out of work are unable to find decent jobs and wind up unemployed for long periods of time.  Sometimes they may not even receive the compensation they deserve because they have filed incorrectly or because former employers take steps to prevent benefits from being collected. According… 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…

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