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Posts tagged "debt relief"

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.

Research shows medical bills are filled with errors

Many people in Ohio who have medical debt could have some of that resolved by looking for billing errors. In 2013, hospital audits by Medicare led to the discovery that 49 percent of all medical bills had errors. Some medical centers only managed to send Medicare error-free bills about 20 percent of the time.

Many consumers now find bankruptcy too expensive

A new study suggests that many Ohio residents who have overwhelming debt are unable to file for bankruptcy because they cannot afford to do so. According to the authors of a study that was undertaken by economists at Columbia University and the Federal Reserve Bank of New York, bankruptcy reform legislation passed by Congress in 2005 has had a negative impact on many low-income families.

Choosing between debt consolidation or bankruptcy

Ohio consumers who are struggling with overwhelming financial obligations may wonder whether it makes better sense for them to attempt a debt consolidation, enter into a debt management plan or simply to file for bankruptcy. The answer to that question largely depends on the individual situation of the debtor.

Suggestions for those seeking an Ohio bankruptcy

When an individual files for bankruptcy, there are many items that he or she may expose liquidation. What a bankruptcy trustee may be able to take depends on the type of bankruptcy case and exemptions allowed by state and federal law. In addition, there are some actions that should be avoided if a person wants to protect as many assets as possible.

Changes to medical debt reporting could help consumers

Many Ohio residents have unpaid medical debts that are damaging their credit reports. Fortunately, some new changes in the way that these obligations are reported to credit bureaus could mean that a lot of people's credit scores will be going up. On March 9, Experian, Equifax and Transunion announced that they were going to be reporting medical debt differently and responding to complaints about credit report errors with more diligence.

Comparing common forms of bankruptcy in Ohio

When an individual wishes to file for bankruptcy, they will usually file for Chapter 7 or Chapter 13 bankruptcy. Those who run a business as a sole proprietor may also file for either of these forms of debt relief. Regardless of the type of bankruptcy that an individual is filing for, they must complete credit counseling no more than 180 days before filing.

How unpaid medical bills may affect credit in Ohio

In the United States, nearly half of all accounts in collection are related to medical debt. Roughly 40 percent of all Americans say that their credit score is lower than it otherwise would be due to medical debt. Although steps are being taken to minimize the impact that medical debt has on an individual's credit score, some say that it shouldn't be taken into account at all.

Helping you to restore your credit

For more than two decades, our firm has been assisting Ohio clients who are going through financial challenges and are seeking debt relief. During that time, we have successfully helped individuals find solutions regarding mortgage foreclosures, bank account seizures and vehicle repossessions. Our law firm also has the skill and knowledge necessary in handling wage garnishments, harassing creditors or creditors threatening to file a suit against a debtor.

The treatment of mortgages in a Chapter 13 bankruptcy

Many Ohio homeowners that are dealing with overwhelming debt are also seriously delinquent on their mortgage payments. As a result, they may be in danger of foreclosure. In some cases, they may have already received notices of their lenders' intent to initiate foreclosure proceedings against them.

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35 East 7th Street,
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Cincinnati, Ohio 45202

Phone: 513-729-7196
Fax: 513-621-6402
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The Rose Law Office
6020 Cheviot Road
Colerain, OH 45247

Phone: 513-729-7196
Fax: 513-621-6402
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