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Fear of Bankruptcy Holds Too Many People Back

Each year, only a fraction of the Americans who could benefit financially from bankruptcy actually seek relief, according to an Associated Press commentary. About 14 percent of U.S. households — or roughly 17 million — owe more than they own, according to Federal...

Bankruptcies Are Down But a Wave of Filings Expected

Personal and business bankruptcies in the U.S. are declining significantly, but that doesn’t mean that everything is financially sound in households or small businesses in Ohio or the nation, the Toledo Blade reported. “The Tsunami has not yet come. I think some...

Mortgage Forbearance… Good idea?

A forbearance is an informal agreement between you and the bank where the bank agrees to not collect mortgage payments for a few months and you agree to someday pay these “skipped” payments. In many cases the bank agrees to then consider a payment plan on...

Child Support, Alimony & Bankruptcy

Are you late on Alimony and Child Support Payments? When filing for divorce many people think about the emotional repercussions, when in actuality there are many financial repercussions as well.  Sometimes the financial distress can out weight the emotional distress...