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 collection, with a median amount of $1,450. Being in debt can cause... CONTINUE READING
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 can provide protections, such as the automatic stay, needed to prevent... CONTINUE READING
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 attorneys at Fesenmyer Law Offices, LLC specialize in bankruptcy and have helped thousands of people in Ohio with debt relief. We will help you better understand your financial situation and determine w... CONTINUE READING
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. Bankruptcy w... CONTINUE READING
Everyone who files for bankruptcy is seeking to get out of debt. But there’s a difference between a dismissed and discharged bankruptcy case. It’s every bankruptcy filer’s goal to have their debt discharged. A discharge means that a debtor is relieved from repaying qualified debt acquired before filing for bankruptcy. In short, a discharge means that a bankruptcy filer has successfully completed the bankruptcy process, and... CONTINUE READING
Filing for bankruptcy is a significant and very personal decision. And debtors often ask, will everyone know I filed for bankruptcy? The short answer is probably not. However, bankruptcy filings are a matter of public record. This means that almost anyone can search for and locate your bankruptcy case with enough effort and time. Because bankruptcy filings are handled by courts, the filing records are considered court documents. Federal... CONTINUE READING
If you’re in debt and the situation isn’t improving, you may be considering bankruptcy. You’ve probably asked: When should I file for bankruptcy? The answer is different for everybody, but there are several indicators and factors to consider. There Are Many Reasons to Consider Bankruptcy Bankruptcy is designed to be a tool to help debtors obtain financial relief. There are many reasons to consider bankruptcy, but the main reason... CONTINUE READING
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. If you are considering filing for bankruptcy, please read through the information about bankruptcy myths and contact the bankruptcy attorneys at Fesenmyer Law Offices, LLC for more information and representation. Call 6... CONTINUE READING
If you can’t pay the money you owe, creditors may take steps to garnish your wages and withdraw money directly from your paycheck. In most situations, both federal and Ohio state laws limit garnishment to 25% of your wages, and most creditors must file a collections lawsuit in court and receive a monetary judgment first. But once the courts give them this judgment, creditors can keep collecting money from every paycheck until the... CONTINUE READING
Facing repossession of your vehicle is a scary prospect. Quite simply, you need your car to carry out day-to-day activities. So if you’re facing repossession of your car or are behind on payments, read on to learn how bankruptcy can stop car repossession. State Laws Provide Bankruptcy Exemptions Many people assume declaring bankruptcy means you lose everything. But that’s typically not the case. State laws pro... CONTINUE READING
Bankruptcy is a legal process that is designed to help you recover financially after you go so deep in debt that you have no effective way to pay off what you owe. When used properly, it can give you a fresh financial start. Typically, people declare bankruptcy as a final measure when a...
