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May 2015 Archives

Multiple factors usually contribute to bankruptcy

Some people in Ohio think that bankruptcy can strike due to one poor decision or simple mistakes with money management, and they think they are immune to it because they pay attention to their spending and try to avoid these poor decisions. It's important to note that anyone is at risk of falling so far into debt that bankruptcy is unavoidable because multiple factors typically contribute to the process.

Changes to Chapter 13 bankruptcy

Debtors living in Ohio may benefit from learning more about a U.S. Supreme Court ruling on May 4 that may affect Chapter 13 bankruptcy. The unanimous decision decreed that debtors filing Chapter 13 bankruptcy do not have the right to appeal a court's refusal to ratify a repayment plan. The property owner involved with the case originally filed for Chapter 13 bankruptcy voluntarily during December 2010. Throughout the next two years, he amended his repayment plan three times.

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Colerain, OH 45247

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