One of the most commonly asked questions relating to bankruptcy is, how much does it cost? This is understandable given that those seeking bankruptcy are in difficult financial situations and are turning to bankruptcy for some relief. Here, we will discuss the...
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Ferguson Legal Group, LTD Law Blog
Rebuilding Your Credit After Bankruptcy
Bankruptcy can sound intimidating. It can, however, be an important lifeline for those struggling with meeting outstanding debt obligations. One thing people you may hear when others caution you about bankruptcy is the hit to your credit that you will incur. This may...
Will Bankruptcy Discharge My Student Loan Debt?
People across the U.S. are struggling under massive amounts of student loan debt. With aggressive interest rates that rival those of mortgages and credit cards, this seemingly insurmountable pile of debt acquired by seeking an education can only get worse over time....
Should You File for Bankruptcy Before or After Divorce?
Financial stress is one of the most commonly cited catalysts for divorce. Because of this, there are likely plenty of couples out there that are both simultaneously considering divorce and bankruptcy. If you find yourself in this position, you may be wondering whether...
How Many Times Can You File for Bankruptcy in Ohio?
Bankruptcy can provide much-needed relief to those who find themselves in a financial struggle. Post-bankruptcy can feel like a fresh start for a brighter financial future. What happens, however, if you find yourself in financial struggle once again? Life can get...
Did Coronavirus Destroy Your Business? Bankruptcy Might Be the Answer
Can I erase my business debts with bankruptcy? The coronavirus pandemic has proved devastating for businesses in many industries. Restaurants and retail stores found themselves forced to shutter their doors or offer curbside service only for months, and even now most...
Do I Qualify for Chapter 7 Bankruptcy?
There are two primary types of consumer bankruptcy filings: Chapter 7 and Chapter 13. Chapter 13 bankruptcy is referred to as a reorganization bankruptcy as it really is a way to restructure debts in a way where the debtor can comply with a monthly payment...
How Do I File Chapter 7 Bankruptcy in Ohio?
Most of us know what it’s like to feel financial pressure. Sometimes, the pressure becomes all-consuming. You may find yourself struggling to make ends meet. You might reach the point where you are unable to make minimum payments on your outstanding debts. If this is...
A Surge of Bankruptcies Will Likely Follow the Coronavirus Pandemic
What impact will the stimulus bill have on consumer bankruptcies? The coronavirus pandemic has brought about financial ruin for many Americans. Currently, it is estimated that over 16 million people are unemployed, a figure that might grow in coming months. The sheer...
Mortgage Forgiveness During the Coronavirus Pandemic
Will I face foreclosure if I cannot pay my mortgage during the COVID-19 shut down? In a desperate attempt to slow the spread of the coronavirus, entire cities and states have issued mandatory stay at home orders, which require anyone who does not work in an essential...