our legal blog

contact us

Bankruptcy Blog

Will Student Debt Become Easier to Include in Bankruptcy?

Student debt is a major burden for individuals, but it also can have a negative effect on economic growth.  The debt to pay for education was nearly $1.38 trillion at the end of 2017, with 11 percent of borrowers being 90 days or more delinquent, according to the New York Federal Reserve.  All this debt damages the economy, so Jerome Powell, the Federal chairman, has advised that student debt should become easier to include in bankruptcy. This is good news for people who have struggled to pay off their student… CONTINUE READING

Consumer Debt Hits New High in U.S.

Credit card debt for American consumers keeps skyrocketing and has now exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub. By their estimate, consumer debt rose an additional $92.2 billion in 2017, and the average U.S. household now owes $8,600 on credit cards alone. Another source, Time.com, puts that number at $16,061 per household. While WalletHub analysts feel that this accumulation of debt reflects Americans' confidence in the economy, confidence can erode quickly, leaving consumers with bills they cannot pay. The credit card delinquency… CONTINUE READING

Don’t Fall for These Scams This Tax Season

Tax season is here, and tax scammers are out there busily tricking taxpayers into revealing their personal information or extracting money from them through fraudulent means.  Most often, IRS impostors claim that you owe money and threaten lawsuits or arrest if you don’t pay immediately by credit card, wiring the money, or sending a prepaid debit card or gift card. It pays to be vigilant and aware of these scams and know how to determine whether you are dealing with fraud, or you may wind up losing enough to be… CONTINUE READING

Don’t Give up on Retirement Savings

Many Americans worry about whether they will have enough saved for retirement, and they may not even know how much money they will need to retire comfortably.  Saving for retirement is not an exact science.  Even the best laid out plans can be set back by economic swings and a volatile stock market; and savings can be drained by high inflation, unemployment, and unexpected medical bills and repairs. According to a report from The Economic Policy Institute (EPI), “The State of American Retirement,” surveying people ages 32 to 61, retirement wealth increased as… 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

The U.S. Household Debt Problem is Steadily Getting Worse

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 trillion in the third quarter of the year. The most rapid increase in debt was seen in credit-card debt, which rose by 3.1%. Other gainers were mortgage, student and auto debt. Increasing debt is a big problem, but there are answers. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer understand that even the most well-intentioned… 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

A Rule of Thumb for Retirement Savings

In order to live comfortably in retirement, we have to save during our working years.  What we don’t know is how much we need to save to have enough during retirement and how much we can withdraw from our savings so that we can enjoy our “golden years” while making sure our money lasts as long as we do. The skilled and seasoned Ohio debt-relief attorneys at Fesenmyer Cousino Weinzimmer understand that financial problems can happen to even the most well-intentioned people. We believe that it pays to be knowledgeable in order… 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

Student debt is a major burden for individuals, but it also can have a negative effect on economic growth.  The debt to pay for education was nearly $1.38 trillion at the end of 2017, with…

Credit card debt for American consumers keeps skyrocketing and has now exceeded $1 trillion for the first time, according to a new study by the personal finance website WalletHub. By their estimate, consumer debt rose an additional…

Tax season is here, and tax scammers are out there busily tricking taxpayers into revealing their personal information or extracting money from them through fraudulent means.  Most often, IRS impostors claim that you owe money…

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