Bankruptcy Blog

Can One Spouse File Bankruptcy Without the Other?

By david.benson / March 25, 2020 / 0 Comments

Can One Spouse File Bankruptcy Without the Other? If you and your spouse are deep in debt, what are your bankruptcy options? Do you have to file together, or can one spouse file for bankruptcy without the other? The truth is, just because you’re married doesn’t mean each spouse is automatically responsible for the other’s […]

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How Does Bankruptcy Affect Your Credit?

By david.benson / March 25, 2020 / 0 Comments

How Does Bankruptcy Affect Your Credit? What Is the Effect of Bankruptcy on My Credit Score? How does bankruptcy affect your credit? This is a major concern of almost everyone who is considering the benefits of starting over. Unfortunately, there is a lot of misinformation out there passed along by well-meaning friends and family members. […]

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How Transferring Assets Before Bankruptcy Could Screw Your Case

By david.benson / March 25, 2020 / 0 Comments

Can I Hide or Transfer My Most Valued Items to Friends or Family Prior to Filing Bankruptcy? One of the largest concerns of anyone filing for bankruptcy is what will become of their personal possessions in a Chapter 7 bankruptcy. After consulting with a Cleveland OH bankruptcy attorney, some people may have the desire to hide or […]

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Mortgage Debt Forgiveness: What Happens at Tax Time?

By david.benson / March 25, 2020 / 0 Comments

My house was sold by the sheriff and there is a balance left. What could possibly go wrong? There are two scenarios that may play out in Ohio when it comes to mortgage deficiencies following foreclosure: The first is that the lender may walk away from the deficiency, and The second is that the lender secures […]

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How to Stop Wage Garnishment

By david.benson / March 25, 2020 / 0 Comments

How to Stop Wage Garnishment They Just Garnished My Paycheck! Can I Make Them Stop? You have been sued on a debt and either you: didn’t receive notice at your current address or got notice and just didn’t know what to do. In any case, the creditor suing got a judgment against you and proceeded […]

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What Are the Benefits of Chapter 13 Wage Earner Plan?

By david.benson / March 25, 2020 / 0 Comments

What Are the Benefits of Chapter 13 Wage Earner Plan? Although most folks looking for relief from overwhelming debt would prefer the “quick and dirty” Chapter 7 discharge, there are several reasons why filing under Chapter 13 and making payments for 3-5 years might be preferable. Of course, those households with over-the-median income will likely have to file a Wage […]

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Bankruptcy 101: What every consumer should be aware about

By david.benson / March 25, 2020 / 0 Comments

Bankruptcy 101: What every consumer should be aware about Recent changes in bankruptcy laws make it more difficult for people to file. In 2015, nearly 900,000 people filed for bankruptcy. Bankruptcy filers aren’t always people who mismanaged their finances. Many suffer major health crisis’ or a life event, such as divorce or losing their job. Economic climate also […]

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Why Bankruptcy is Almost Always a Superior Choice to Debt Negotiators

By david.benson / March 25, 2020 / 0 Comments

Why Bankruptcy is Almost Always a Superior Choice to Debt Negotiators If you are like most people considering bankruptcy, you have probably looked into working with a debt negotiator or debt settlement agency. Here are four reasons why a bankruptcy is usually a superior choice. In bankruptcy, you pay back no more to unsecured creditors […]

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Top 5 mistakes bankruptcy clients make picking cleveland bankruptcy attorney

By david.benson / March 24, 2020 / 0 Comments

5 Mistakes Bankruptcy Clients Make In Picking A Cleveland Bankruptcy Attorney Cleveland Bankruptcy Attorney discusses 5 Mistakes Bankruptcy Clients Make In Picking A Bankruptcy Attorney There are many common bankruptcy client mistakes… Selecting a Cleveland bankruptcy attorney who does not have the appropriate level of familiarity with bankruptcy, debt settlement, mortgage foreclosure, divorce, debilitating injuries and […]

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Bankruptcy FAQs

By david.benson / March 24, 2020 / 0 Comments

Bankruptcy FAQs What if I forget to include a creditor in my bankruptcy? Generally speaking, 11 U.S.C. Section 523(a)(3)(A) excepts from discharge any debt not listed in the debtor’s schedules in time for the creditor to file a timely proof of claim. There is an exception to that rule: Debt not listed in bankruptcy schedules […]

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