Imagine walking to the mailbox to collect your mail, and there’s a fat envelope with debt lawsuit papers inside. You're shocked, scared, and overwhelmed — now what? If you’ve been sued for a debt, you probably have many questions, and at Fesenmyer Law Offices, LLC, we have answers about how to stop a debt collection [...]
If you received financial relief through the federal government’s Covid mortgage forbearance program and it hasn’t already ended for you, it will soon. The CARES Act provided a mortgage payment forbearance option for all borrowers who, either directly or indirectly, suffer a financial hardship due to the coronavirus (COVID-19) national emergency. A forbearance is a [...]
If you owe money and your creditor gets a judgment against you, that creditor can garnish your wages to receive either 25% of your disposable earnings or your disposable earnings less 30 times the current federal minimum wage. Under some circumstances, a creditor may be able to take more. Not only will this leave you [...]
Our Debt Settlement Lawyer in Ohio Know the Best Options for Getting You Out of Debt Talk to a debt relief lawyer to avoid making costly mistakes. If your bills and debts are becoming overwhelming, you may be tempted by advertisements from debt-settlement companies claiming that they can talk your creditors into settling your unsecured [...]
If a Chapter 13 bankruptcy case is dismissed, several things can happen. First, your automatic stay -- put in place when you first filed -- is no longer in force. That means creditors can once again take action to collect a debt, which can include harassing phone calls and letters, wage garnishment, foreclosures, repossessions, and [...]
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 [...]
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 [...]
If you’ve fallen behind financially and are having trouble paying your bills, you may be wondering about your options. The statute of limitations for collection of debt in Ohio is six years. This time frame applies to the majority of situations and to most types of debt. Understand, however, that debt does not expire or [...]
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 [...]
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 [...]
If your debts have become more than you can handle, the good news is that bankruptcy, a legal way to have many debts forgiven, can put you on the road to financial recovery. If you’re a good candidate for bankruptcy, filing can keep creditors from harassing you and seizing your possessions, allow debts to be [...]
As Americans grow older, we face increasing challenges, and too many of us are facing a new problem in what should be the “golden years” of retirement -- the need to file for bankruptcy. According to an article in The New York Times, citing a study from the Consumer Bankruptcy Project, the rate of people 65 [...]
Carrying crushing debt can become unbearable. Bills pile up, and you’re harassed by creditors and may be faced with foreclosure of your house, repossession of your car, utilities being shut off, and garnishment of your wages. You feel overwhelmed and don’t know where to turn. You are not alone. Overall household debt stands at more [...]
Can You Declare Bankruptcy on Credit Cards Only? While credit card debt is a major reason people wind up filing for bankruptcy, you cannot file for bankruptcy on credit card debt alone, as the law requires that all your debts be listed in the bankruptcy documents. However, because bankruptcy can eliminate credit card and other [...]
Student loan debt takes such a big toll on marriage that it can even lead to divorce. Financial problems are the leading cause of stress in a relationship, and student loan debt, which now stands at an all-time high of $1.5 trillion, can be a burden that becomes too much to bear. The debt puts tremendous pressure [...]
