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Financial Crimes Against the Elderly

The elderly population in America is growing, and with the increase comes more instances of seniors being exploited and abused. In addition to physical and emotional abuse, financial crimes against seniors are increasing with alarming frequency.  In 1998, the National Center on Elder Abuse estimated that nearly one-third of all elder abuse cases involved financial exploitation. In 2000, the U.S. Senate Special Committee on Aging reported $40 billion in losses to telemarketing fraud alone. The skilled and seasoned Ohio debt-relief attorneys at Fesenmyer Cousino Weinzimmer understand that even the most alert… CONTINUE READING

How Does it Affect You When the Federal Reserve Raises Interest Rates?

The Federal Reserve Board (FRB) keeps talking about raising interest rates, and if it does, it sets off a chain reaction of events affecting everything from how many people have a job to what they pay for groceries. If you have a credit card or savings account, are invested in stocks or bonds, invest in a 401(k), or you’re thinking about buying a home or car, changes in interest rates can cost or save you money.  It’s important to understand why and act accordingly. What the Federal Reserve Does Congress… CONTINUE READING

What Types of Debt are Most Harmful for Your Credit?

Debt has become almost a way of life for most Americans, as they use credit cards and take out loans to make purchases they otherwise couldn’t afford.  Personal debt is increasing, and credit has never been easier to get. Used intelligently, credit allows us to build wealth through making investments, buying a home or business, or paying for college.  However, if used incorrectly, debt often leads to financial problems and credit that is ruined. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer understand that even the most well-intentioned… CONTINUE READING

Means Test For Bankruptcy If You’re Self-Employed

If you’re self-employed and considering filing for bankruptcy in Ohio, you can file either a Chapter 7 or a Chapter 13 bankruptcy, just like anyone else.  However, before you can file you need to complete a “means test” to determine and prove your average income for the prior six months. This requirement can be tricky for the self-employed. The skilled and seasoned Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer offer a free consultation to evaluate your financial situation.  We can help by looking at your income, your debts and your goals,… CONTINUE READING

Budget Planning For The Holidays, Dos And Dont’s

The holidays bring wonderful times with friends and family, but it’s all too easy to wind up in debt for the New Year. Well-meaning people often equate the spirit of the season with how much money they spend, but that mindset can lead to financial trouble. An annual national survey on holiday spending by the American Research Group found that the average planned spending for 2015 was $882, and that can be a hefty amount for many people. The experienced Ohio debt-relief lawyers at Fesenmyer Cousino Weinzimmer have some tips… CONTINUE READING

Medical Bankruptcy

Medical bills are the most common cause of people filing for bankruptcy in Ohio. Even if you’ve always been financially stable, if you’re hit with a major medical problem, bills mount up quickly to the point where you can no longer meet them. According to findings from NerdWallet Health, in 2013, bankruptcies resulting from unpaid medical bills affected nearly 2 million people, even many who had health insurance. People often take on additional credit-card debt to cover mounting medical bills, and since credit cards often charge high interest rates for… CONTINUE READING

Things Debtors Can Do

When you find yourself swamped with bills you can’t pay, even if it’s not your fault, you are probably feeling embarrassed, depressed and hopeless -- but you’re not helpless.  Even if you’re being harassed by a debt collector or faced with legal action, there are things you can do to help get back on track. 1. KNOW THE FACTS ABOUT YOUR CREDIT. You’re entitled to see the three credit reports from Equifax, Trans Union and Experian for free once a year.  This will give you a picture of how your… CONTINUE READING

Debts After Death

What happens to your debts after you die?  Do your debts die with you, or will your family wind up getting harassed by creditors and debt collectors? The answer is complicated, because when people die, their estate goes into probate, and the estate owes the debt. If there isn't enough money in the estate, it typically goes unpaid. But there are exceptions to this rule. It all depends on the circumstances. According to the Federal Trade Commission (FTC), family members usually don’t have to pay debts from their own assets. Also,… CONTINUE READING

Protecting Your Credit When Marrying Into Debt

You’re getting married, and it’s wonderful to focus on celebrating your love; but are you also marrying your spouse’s past debts?  You need to also think about what happens after the wedding so you don’t get stuck with debts you didn’t run up yourself and wind up with a negative credit score.  Dealing with the issues now can strengthen your relationship so that debts don’t become a burden your marriage can’t survive. Money is one of the major issues that can cause conflict in a marriage.  Debt brought into marriage… CONTINUE READING

Bankruptcy Myths

If you are struggling to pay off debt and make ends meet, bankruptcy can provide you with protection from creditors and give you a fresh start.  Still, many people are afraid to file because of myths, half-truths and misinformation, and therefore they never get the relief they need. Whether you decide to file for bankruptcy or not should be based on real facts and solid information. The experienced Ohio bankruptcy attorneys at Fesenmyer Cousino Weinzimmer can help you expose bankruptcy myths and determine if bankruptcy would be right for you.… CONTINUE READING

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…

If you are struggling financially and overwhelmed with debts that have become unpayable, you may wish to consider the “fresh start” that bankruptcy can bring.  To receive a “fresh start”, you need to know how…

People are often confused when it comes to  Chapter 7  bankruptcy and taxes, as it is a common belief that bankruptcy cannot eliminate (discharge) tax debt.  Fortunately, this is not always the case.  While -most…

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