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Fixing Credit Report Errors After Bankruptcy

If your credit report still includes the debt you owed the creditor prior to the discharge, this is may be a violation of law. Your credit report should have a balance of zero for any of the debts included in the bankruptcy discharge. The credit report should be...

How Bankruptcy Affects Credit

There is no clear answer to this question.  Unfortunately, if you are behind on your bills, your credit may already be bad.  Bankruptcy will probably not make things any worse. In fact, it is not uncommon for our clients to see that their credit score has actually...

The Limitations of Bankruptcy

Bankruptcy is a great option for many people. However, filing for bankruptcy cannot cure every financial problem.  Nor is it the right step for every individual.  In bankruptcy, it is usually not possible to: Protect cosigners on your debts.  When a relative or friend...

Types of Bankruptcy Cases

There are four types of bankruptcy cases provided under the law. Our Toledo bankruptcy attorneys will explain each of them below: Chapter 7  is known as “straight” bankruptcy or “liquidation.” Chapter 7 bankruptcy requires an individual to give up property which is...

Will Bankruptcy Wipe Out All Debts?

Yes, with some exceptions.  Bankruptcy will not normally wipe out: Money owed for child support or alimony; Most fines and penalties owed to government agencies; Most taxes and debts incurred to pay taxes which can not be discharged; Student loans, unless you can...