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July 2013 Archives

Ohio bankruptcy, including Chapter 7, down from last year

There is good news for some as Ohio begins to recover from the recent economic recession. According to a recent report, the number of filings for personal Chapter 7 or 13 bankruptcies have fallen over the past year. In fact, the numbers have fallen a full 21 percent since the same time last year.

Ohio Chapter 7 bankruptcy can come as a result of medical bills

There are many reasons that people in Ohio find that they need to file for a personal bankruptcy. These include the loss of jobs or divorce, but the vast majority comes as a result of medical bills. In such situations, people often review the available options, such as a Chapter 7 or 13 before filing.

Chapter 7 bankruptcy requires disclosure of assets and debts

People in Ohio know that investments can end with profits or losses. When they end in losses, some find that they need to seek the protections offered by a Chapter 7 bankruptcy. That is what happened recently to a man who was once one of the richest people in our country. 

Wayne Newton's home mortgage satisfied in bankruptcy sale

Wayne Newton is a name that is familiar to many people in Ohio and across the country. The singer is known for his performances in casinos and for a number of hit records over the years. Now, he is making headlines as a result of his filing of a personal bankruptcy in his home state, which helped facilitate the sale of his home and payment of his home mortgage.

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