Bankruptcy Blog

How long can a debt collector legally pursue old debt?

In uncertain times, a person can become overwhelmed by debt and default on their payments. This is especially true if you face unexpected circumstances like job loss, natural disaster, or a devastating medical diagnosis. So you may be asking yourself, “How long can a debt collector legally pursue old debt?” The statute of limitations on debt in Ohio is six years. After six years, a debt collector cannot take legal action against you to recover old debt. Debt that is pas... CONTINUE READING

Debt Forgiveness for Seniors

There is an alarming trend that is growing in America, and it has been made worse by COVID-19 in 2020.  More and more older Americans and retirees are burdened with significant debt.  A recent study shows that individuals age 55 and older with debt grew from 54% in 1998 to 68% in 2019.  The research, conducted by the Employee Benefits Researc... CONTINUE READING

Does Bankruptcy Disqualify You for a Job?

Does bankruptcy disqualify you for a job? 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 when you look for a new job, a potential employer could become aware of your bankruptcy on your credit record.... CONTINUE READING

Coronavirus Shutdown Is Affecting Debt Reporting and Foreclosures

In the midst of all the chaos and uncertainty surrounding the coronavirus pandemic, some consumers are looking for ways to tighten their belts and prioritize finances.  For other consumers who were already behind on their bills, the virus could spell financial disaster.  This is especially true of workers who abruptly lost their jobs due to mandatory business shutdowns.  Experts say, at a time like this, it’s important to prioritize food, shelter, medical needs and utilities.&nb... CONTINUE READING

What Is the Statute of Limitations for Collecting a Debt in Ohio?

If you’ve fallen behind financially and are having trouble paying your bills, you may be wondering what is the statute of limitations for collecting a debt in Ohio?  Unfortunately, it is six years for most types of debt; however, debt does not expire or disappear until you pay it. If a debt is valid, you still owe it until you pay it off, no matter how much time passes. The statute of limitations simply limits the amount of time during which a debt collector may take legal action to collect a... CONTINUE READING

How Does Bankruptcy Affect Your Credit Score?

THESE DAYS EVERYONE KNOWS THEIR CREDIT SCORE, JUST LIKE THEY KNOW THEIR PHONE NUMBER.  CAN THIS IMPORTANT NUMBER BE DAMAGED BY FILING FOR BANKRUPTCY? While filing for bankruptcy can initially lower your credit score, wiping out your debt will help raise your credit score over the long term.  Often, a person can rebuild their credit score after bankruptcy by following a few straightforward steps. Are you struggling with debt that seems to keep mo... CONTINUE READING

How Do I Get Out of Payday Loan Debt?

There is no shame in wondering “how do I get out of payday loan debt?” Life happens. The roof springs a leak, the car needs new tires, or an unexpected illness lands you in the hospital (and off work) for some time. These things can happen to anyone, and if you don’t have an emergency fund in savings, then you might have turned to a payday loan to meet these necessary expenses. When a crisis occurs, you do what you have to do to get past it. It can really feel... CONTINUE READING

Can Bankruptcy Stop Vehicle Repossessions and Lawsuits for Vehicle Debt?

If your creditors file a lawsuit and get a judgment against you, they are allowed to repossess your vehicle and other property, foreclose on your home, and garnish your wages. Not only can you lose the house you live in or the car you have relied on to get to work, but you also lose the value you already made in payments. Fortunately, it can take several months for creditors to get a judgment, so you have time to act to protect your property. Even if your vehicle has a... CONTINUE READING

The Basics of Working with an Ohio Consumer Debt Lawyer

Overwhelming debt can cause problems in all areas of your life, from being less productive at work to having money arguments at home that can lead to family breakdown. Adding to the stress is the accompanying harassment by creditors and the fear of repossession of your property and foreclosure on your home. If you are struggling to meet your consumer debts, you are not alone. Overall household debt stood at more than $13 trillion at the end of 2017, according to the ... CONTINUE READING

A Look at the Average Bankruptcy Filer

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. According to an analysis by Jonathan Fisher, a ... CONTINUE READING


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