Menu
Talk to a Bankruptcy Lawyer Today.
Evening and Weekend Appointments Available.
513-621-7902

July 2012 Archives

CFPB recommends revisiting student loans in bankruptcy

Former Ohio Attorney General Richard Cordray now heads the Consumer Finance Protection Bureau. The CFPB and the Education Department recently looked into student loan debt in the United States. Cordray recently said in a written statement that the study findings "reveal that students were yet another group of consumers that were hurt by the boom and bust."

What are chapter 13 and chapter 7 bankruptcies?

Many people in the Cincinnati area have received materials in the mail from bill collectors. Letters and calls may often lead to a civil court lawsuit over a debt. A judgment on a debt can be the basis for wage garnishment or bank account seizures. This blog has discussed those issues, and other collection activities, such as foreclosure and repossessions.

Government says only 6,000 Ohioans have sought foreclosure review

In May, this blog discussed that nationally there have been few takers in the foreclosure review process that is available through government regulators. Sources estimate that more than 140,000 Ohioans who faced foreclosure in 2009 and 2010 have received letters notifying them that they may be eligible for an Independent Foreclosure Review. The Comptroller of Currency says that only 6,000 people in Ohio have requested a foreclosure process review.

Did the housing crisis create a lost generation of home buyers?

One of the apparent byproducts of the housing market crash may be a lost generation of homeowners, according to some housing market watchers. The nation's economic woes and the foreclosure crisis have pushed home values down drastically. An important component of the housing market is first-time home buyers. However, some economists say that many young Americans are choosing to rent instead of purchasing new homes, due to uncertainty in the marketplace.

Lenny Dykstra pleads guilty to bankruptcy fraud

Former Major League ballplayer Lenny Dykstra pled guilty to federal bankruptcy fraud charges last week. The former professional ball player faces up to 20 years in prison for the bankruptcy fraud conviction. He entered a plea deal that will not allow him to appeal the conviction if he is sentenced to no more than 51 months in prison and $200,000 in restitution.

Is bankruptcy the right debt relief option?

Dealing with creditors can take a toll on a person's life. Let's face it...trying to manage a mountain of debt is stressful. Letters and calls from creditors are not the only troubles many people can face after a financial setback. Repossessions, foreclosure--even deficiency judgments after a foreclosure are sometimes possible. The list can go on with wage garnishment and bank account seizures.

New Arkansas football coach Smith says he may have to file bankruptcy

Most people in Ohio know that the housing and real estate market has had deleterious effects on people all over the state. But the real estate issues are not confined to Cincinnati or Ohio, but expand all across the nation. The head football coach in Arkansas has announced that real estate investments he made years ago in Kentucky have gone bust. He is now considering personal bankruptcy as an option.

A variety of debts can underlie the need for bankruptcy protection

Often, a person points to a specific event that led to their decision to file for bankruptcy protection. Studies have looked into the number of bankruptcies that have followed a medical emergency. Medical debt is often cited as the tipping point for many Ohio residents.

Medical debt is essentially just like other unsecured debts

Typically, sources say that medical providers are reluctant to report medical debt issues to the major credit reporting agencies. But many people in Ohio who decide to file for bankruptcy have been pushed over the line to insolvency due to medical debt. Unexpected injuries, or long medical battles, can often result in large medical debts, even among those who may be insured, depending upon individual circumstances.

Contact The Rose Law Office Today For A FREE Initial Consultation

Phone 513-621-7902
Fax 513-621-6402

Office Locations

The Rose Law Office
35 East 7th Street,
Suite 610

Cincinnati, Ohio 45202

Phone: 513-621-7902
Fax: 513-621-6402
Cincinnati Law Office Map

The Rose Law Office
6020 Cheviot Road
Colerain, OH 45247

Phone: 513-621-7902
Fax: 513-621-6402
Colerain Law Office Map

//