Even for those who have always been financially stable, being hit with a major medical problem can cause bills to mount up quickly, to the point where they can no longer be met. People then often take on additional credit card debt to cover mounting medical bills. Savings are depleted, and people wind up being [...]

Contrary to commonly held beliefs about who files for bankruptcy, the average bankruptcy filer is not a free-spending celebrity or a crook trying to cheat the system, but an ordinary middle-class American. Many of these individuals are hard-working people who are struck by unexpected problems that hurt them financially. People are laid off, hit by [...]

Anyone harassed by collectors should know their rights and what they can do to stop harassment. Being unable to keep up with your bills can be a huge source of stress. This stress shouldn’t be made worse by creditors who constantly harass you. There are plenty of steps you can take to ensure that debt [...]

Can one spouse file for bankruptcy? Married people filing for bankruptcy in Ohio have the option of filing with or without their spouse. There are advantages and disadvantages to both options, so deciding whether you should file for bankruptcy alone or together depends on your situation and needs. If you do file individually, it must [...]

Having a cosigner on a loan is a common occurrence for borrowers making a big purchase. But how does bankruptcy affect cosigners? Cosigners could be at risk for paying back a loan if the borrower declares bankruptcy. There are, however, many factors at stake. If you’re cosigning a loan, understand how bankruptcy can affect cosigners. [...]

If you’re thinking about filing for bankruptcy, timing can be very important. In fact, waiting to file bankruptcy could be a mistake. Bankruptcy provides a fresh start for debtors, and it offers protections against creditors and from falling further into debt. But these benefits set in only after you file for bankruptcy. Until You File [...]

If you file for bankruptcy in Ohio, there is a big difference in whether your case ends with a discharge or ends with a dismissal. Bankruptcy terms and concepts can be confusing, but the goal of bankruptcy is always the same – getting a discharge that will give you a fresh financial start by eliminating [...]

Bankruptcy Will Show Up on a Background Check but May Not Hurt You If you’ve filed for bankruptcy protection in the past, it is likely that your bankruptcy filing will show up on a background check report. However, a bankruptcy filing might not be as harmful to your record and financial history as you think. A bankruptcy [...]

If you’re overwhelmed by debt and are considering the proactive step of filing for bankruptcy so you can get a fresh start, you may have several questions. One of these might be, “Does bankruptcy disqualify you from a job?” In most situations, bankruptcy won’t affect your current employment. It is possible that in the future [...]

YOU MAY BE ABLE TO DISCHARGE STUDENT LOANS IN BANKRUPTCY Student loan debt is an ever-increasing problem in the United States and has become the second-highest consumer debt category, right behind mortgages. Many students take out loans with the hope of finding a better job and wind up struggling to pay them back. With costs [...]

Debt keeps rising in the United States, especially in certain age brackets. If you’re wondering how your household debt stacks up against that of others in your age group, taking a quick look at the numbers can help you see where you stand on the national scale. The skilled and seasoned Ohio bankruptcy attorney at [...]

If you are struggling with mounting debt, you are not alone. Too many Americans are faced with debt that they cannot meet and are fighting to keep up with. Nationwide, data reported by the Urban Institute in a new national map of indebtedness, shows that 33 percent of Americans hold debt that is currently in [...]

Facing foreclosure is nothing short of daunting. If you’re at risk of losing your home, you need to act and may have considered saving your home from foreclosure through bankruptcy. While there are many factors in determining whether bankruptcy is best for you, it’s critical to learn more and understand your options. Filing for bankruptcy [...]

A common question that arises when people are considering filing for bankruptcy is whether their tax debt will be dischargeable.  While most tax debt is not dischargeable, there are some circumstances under which it can be. The attorney at Fesenmyer Law Offices, LLC specialize in bankruptcy and have helped thousands of people in Ohio with [...]

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 [...]