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May 2013 Archives

Students in Ohio avoid bad credit score through bankruptcy

Young adults in Ohio who are just graduating from college will not be surprised to hear about the increasingly high amount of debt being carried by their peers. In fact, a recent report notes that the average college graduate in our nation has $35,200 in debt when they leave school. This can lead to some having difficulty with repayment and a low or bad credit score. The report notes that a full 7 percent of recent graduates say that they will never be able to repay the debts that they owe from college. Others believe that it will take 9 years to even hope to repay the loans and credit cards that they have taken out. In each of these cases, if the young person is unable to keep up with payments, they may find that they have a bad credit score.

Ohio Chapter 7 bankruptcy can lead to new financial start

People in Ohio who find that they have debts that they cannot repay sometimes feel that they are alone with this problem. What they don't realize is that high debt loads and difficult repayments can come to people from all walks of life for many reasons. In fact, they may be interested to learn about a once wealthy Wall Street executive who recently filed for a personal bankruptcy, though it is unclear if it was a Chapter 7, 13 or another from the code.

Chapter 7 bankruptcy can be relief to ill in Ohio

Being diagnosed with a disease such as cancer can be very stressful for those of us in Ohio, as well as elsewhere across the nation. Such information can lead to many questions that include how to treat the illness and what it will cost. For some, the diagnosis also may eventually lead to a filing of a personal bankruptcy such as a Chapter 7 or Chapter 13.A recent study that some in Ohio may find interesting notes that those who have been diagnosed with cancer are more likely than others to file for a bankruptcy. In fact, filing for Chapter 7 or 13 bankruptcies are as much as 2.5 times more likely for those facing the serious illness. This is especially true for those who are younger and have little access to federal programs intended to help support those in need.

Ohio foreclosure proceedings increase, making stopping it crucial

Readers in Ohio may be surprised to learn that our state is one of the highest ranked in the nation for an unfortunate distinction. As it turns out, we are among the top three states in the union for foreclosure actions. This dubious fact means that we have some 32.5 percent of all mortgages in our state underwater and in need of help stopping foreclosure.

More Ohio homeowners work at stopping foreclosure

Readers in Ohio may be surprised to learn that our state is one of the highest ranked in the nation for an unfortunate distinction. As it turns out, we are among the top three states in the union for foreclosure actions. This dubious fact means that we have some 32.5 percent of all mortgages in our state underwater and at risk for foreclosure.

Ohio Chapter 7 bankruptcy offers financial relief

Personal bankruptcy can be a relief to those in Ohio who find that they are unable to repay the debts that they owe. The good news is that there are several different Chapters available in the Bankruptcy Code, one of which is sure to be useful to every debtor. Commonly, people go to a Chapter 7 or 13 filing when they must obtain financial relief.

Chapter 7 bankruptcy offers relief through discharge

People in Ohio often seek debt relief when they find that they are unable to repay what they owe to creditors. This is the case regardless of the types of debts owed or to what creditors, though some debts are not dischargeable in bankruptcy. Debts that can lead to a bankruptcy such as a Chapter 7 or a Chapter 13 include credit cards, medical debts, some lawsuit judgments and others.

Ohio bankruptcy can help credit score in the long run

When a person in Ohio decides to file a personal bankruptcy, they often have many questions. These include how the action will affect their credit score and what debts can be discharged. The good news is that a bankruptcy can offer both emotional and financial relief to those in need of the protections offered to those who file.

Ohio foreclosure actions show increase

The good news for Ohio readers is that the recession appears to be coming to a slow end and some economic factors are improving. The bad news, though, is that there has been an increase in the number of foreclosure actions taking place in our state recently. However, details as to why this is happening are few.

In Ohio, many find that they cannot repay home mortgage

It is well known in Ohio and other states that the big banks were a major part of the recent recession. This is because they issued home mortgage loans than were well in excess of what many people in our state and elsewhere were able to afford. These types of loans, and the fall of home values that occurred over the past few years, has led many to file for a personal bankruptcy as a means of responsibly confronting their financial problems once and for all.

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35 East 7th Street,
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Cincinnati, Ohio 45202

Phone: 513-621-7902
Fax: 513-621-6402
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The Rose Law Office
6020 Cheviot Road
Colerain, OH 45247

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