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November 2013 Archives

Ohio lawmakers expected to vote on debt relief bill

When individuals face overwhelming debt, Chapter 7 bankruptcy protection provides a way out. Yet, sometimes those struggling with debt wwant to try other options first. Current debt settlement laws in Ohio prevent for-profit debt settlement firms from operating in the state by limiting the fees companies can charge for debt relief services. As a result, those facing overwhelming debt typically opt for bankruptcy or credit counseling from a non-profit organization.

Student loans don't disappear in personal bankruptcy

Ohio college students can probably be forgiven a bit for thinking the cards are stacked against them in financial challenges. The average college student nationwide is leaving school with student loan debt upwards in the area of $40,000 to $50,000. At the same time, the job market keeps finding ways to offer the same jobs for less and less pay. Many college students are finding themselves living back at their parents’ homes and working two or three part-time jobs instead of having a career.

Displaced workers could be facing large amounts of medical debts

The economy has been hard on businesses and individuals alike, especially here in the Ohio manufacturing sector. Some workers facing uncertainty in the bankruptcy filing of an aluminum manufacturing company got a short reprieve when officials refused to allow the electric company to turn off power to the Hannibal facility.

Not all debt settlement companies are created equal

Many Ohioans who are considering personal bankruptcy are likely in that position due to excessive amounts of credit card debt. Naturally, debt relief is one of the primary reasons people file for Chapter 7 or Chapter 13 bankruptcy. It is distressingly easy to ring up large credit card bills and then not be able to pay for them. Promotional interest rates expire, and what might have started out as reasonable amounts of debt turn into something overwhelming.

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Office Locations

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

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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