A person living in Dayton, Ohio, can be hit with a debt collection lawsuit at any time. Therefore, one must have a clear understanding of the ways to stop such a lawsuit. While it is common for many debtors to be fearful when they owe others money, there is no good reason for being fearful. Nonetheless, we must stress that
What is a Judgment? A judgment is a court-signed document that allows your creditors to seize your assets or property when you’ve missed payments on a loan or debt. A judgment is issued ONLY AFTER you’ve been sued for any unpaid debt incurred. Lawsuits in Portland can be in “Small Claims Court” or “Circuit Court.” A small claims action is
Wage garnishment happens when your creditor, someone you owe money to, has successfully utilized the Portland area court system (in any of the three counties) to collect on your debt. The most common method to collect your unpaid debt is by garnishing your wages or bank accounts. But before a garnishment can happen, the creditor must first file a lawsuit
There are only a few main types of bankruptcy filings. These are Chapter 7, Chapter 11, Chapter 12, Chapter 13, and Chapter 9. The type of filing that happens depends on someone’s financial situation. The most common type of filing is Chapter 7 bankruptcy since companies, individuals, and married couples are allowed to file for Chapter 7 bankruptcy. If you
Mortgage financing can make it easier to buy a home. Home loans are secured by the property so if you fail to repay based on your terms of agreement then the lender can take the home away. Foreclosure is the legal means for the lender to take over the home. If you are facing financial difficulties and aren’t able to
Following is a nightmarish account of mortgage abuse by a bank running roughshod over the credit report of a woman caring for a disabled child. A homeowner – let’s call her Susan – had filed Chapter 13 bankruptcy to save her home from foreclosure. She faithfully made all her bankruptcy payments, including her mortgage, successfully completing her plan. To ensure
Buying or building a new home is an exciting step in life, and the majority of people have to take out a mortgage to make this dream become a reality. While a mortgage can seem like an answer to your prayers when you’re looking to get into a home, it can quickly become a nightmare when families find themselves unable
For rental property owners across the United States, recent years have been challenging at best. During the pandemic there were long eviction freezes and rent moratoriums. While those days are behind us, many landlords have yet to recover financially. More than 70% of properties with four or fewer rental units aren’t owned by large real estate companies, according to the
In Ohio, the law provides bill collectors with a lengthy six-year period to collect a debt. That statute of limitations means you should focus on negotiation and creating a payment plan to handle debts you incur that you have trouble repaying. Of course, if things really grow serious, you could file for bankruptcy, but that’s best left as a last
When COVID-19 hit the scene, Americans were taken by complete surprise. In the blink of an eye, life as we knew it changed with jobs coming to a screeching halt and social distancing becoming the norm. While many things may have changed, one did not – debt collectors are as aggressive and persistent as ever. The Current Situation With consumer
A person living in Dayton, Ohio, can be hit with a debt collection lawsuit at any time. Therefore, one must have a clear understanding of the ways to stop such a lawsuit. While it is common for many debtors to be fearful when they owe others money, there is no good reason for being fearful. Nonetheless, we must stress that
What is a Judgment? A judgment is a court-signed document that allows your creditors to seize your assets or property when you’ve missed payments on a loan or debt. A judgment is issued ONLY AFTER you’ve been sued for any unpaid debt incurred. Lawsuits in Portland can be in “Small Claims Court” or “Circuit Court.” A small claims action is
Wage garnishment happens when your creditor, someone you owe money to, has successfully utilized the Portland area court system (in any of the three counties) to collect on your debt. The most common method to collect your unpaid debt is by garnishing your wages or bank accounts. But before a garnishment can happen, the creditor must first file a lawsuit
There are only a few main types of bankruptcy filings. These are Chapter 7, Chapter 11, Chapter 12, Chapter 13, and Chapter 9. The type of filing that happens depends on someone’s financial situation. The most common type of filing is Chapter 7 bankruptcy since companies, individuals, and married couples are allowed to file for Chapter 7 bankruptcy. If you
Mortgage financing can make it easier to buy a home. Home loans are secured by the property so if you fail to repay based on your terms of agreement then the lender can take the home away. Foreclosure is the legal means for the lender to take over the home. If you are facing financial difficulties and aren’t able to
Following is a nightmarish account of mortgage abuse by a bank running roughshod over the credit report of a woman caring for a disabled child. A homeowner – let’s call her Susan – had filed Chapter 13 bankruptcy to save her home from foreclosure. She faithfully made all her bankruptcy payments, including her mortgage, successfully completing her plan. To ensure
Buying or building a new home is an exciting step in life, and the majority of people have to take out a mortgage to make this dream become a reality. While a mortgage can seem like an answer to your prayers when you’re looking to get into a home, it can quickly become a nightmare when families find themselves unable
For rental property owners across the United States, recent years have been challenging at best. During the pandemic there were long eviction freezes and rent moratoriums. While those days are behind us, many landlords have yet to recover financially. More than 70% of properties with four or fewer rental units aren’t owned by large real estate companies, according to the
In Ohio, the law provides bill collectors with a lengthy six-year period to collect a debt. That statute of limitations means you should focus on negotiation and creating a payment plan to handle debts you incur that you have trouble repaying. Of course, if things really grow serious, you could file for bankruptcy, but that’s best left as a last
When COVID-19 hit the scene, Americans were taken by complete surprise. In the blink of an eye, life as we knew it changed with jobs coming to a screeching halt and social distancing becoming the norm. While many things may have changed, one did not – debt collectors are as aggressive and persistent as ever. The Current Situation With consumer
