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Saturday, October 13, 2018

Student Loan Debt Continues to Crush Families

Can student loan debt be eliminated through bankruptcy?

With the rising costs of education, Americans across the country now owe more than $1.48 trillion in student loans.  Over 44.2 million Americans have student loan debt, according to federal reserve data, and at least eleven percent of borrowers are considered delinquent in repayment of their debts.  The average monthly student loan payment is $351, with many borrowers who attended grad school paying twice that amount or more.  America is in the midst of what has been termed a student loan debt crisis, and as of yet the federal government has taken little action to assist borrowers.  Our Ohio bankruptcy lawyers explore student loan facts and examine when student loans can be erased in bankruptcy below.


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Tuesday, September 18, 2018

Ohio Nuclear Plant Faces Tough Questions in Bankruptcy Court

In Ohio, the bankrupt FirstEnergy Solutions and the FirstEnergy Nuclear Operating Co. have been okayed by their creditors to spend another $100 million over the course of the next three years. The companies say that this is so that it will be able to provide generous bonuses to certain nuclear power plant employees.


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Tuesday, September 11, 2018

Taking Out a Loan Post-Bankruptcy

Will I be able to qualify for an auto or home loan with a bankruptcy on my record?

One of the main concerns of potential bankruptcy filers is what impact a bankruptcy will have on their credit. Rebuilding your life post-bankruptcy could require taking out a loan to pay off bills, purchase a home, or buy a car. There is a common misconception that a bankruptcy on your record will destroy any chances of taking out a loan or securing credit.


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Thursday, August 30, 2018

Ohio Brokerage Hopes to Renege on Agreement to Pay Elderly Client

Last month, Westminster Financial Securities agreed to pay an arbitration settlement of $275,000. However, the firm is now attempting to rely on a unique legal strategy to renege on the award.

A Bizarre Tale of Misleading Advice

Sixty-eight year old, Mary Krevosh, was a client at Westminster for four years through June 2016. She and her attorney had reached a settlement agreement with Westminster as a conclusion to her original claim in regards to her experience working with one of its brokers, Louis Telerico, who had his license suspended for six months. She argues that he misled and took advantage of her on numerous occasions, including bizarre recommendations.


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Friday, August 3, 2018

Tax Debt and Your Options

Can I eliminate my tax debts in a Chapter 7 bankruptcy?

Owing money to the IRS can be frightening. Tax debt is perhaps one of the most feared debt by consumers, but the good news is that you do have options when it comes to resolving tax debts. Tax debt includes any taxes owed to the IRS after the filing deadline has passed. Unpaid taxes may subject you to substantial penalties. Additionally, the IRS has far reaching power to collect on unpaid taxes, including wage garnishment and seizure of assets.


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Monday, July 23, 2018

Discovery Tours Bankruptcy Details Delayed Until Fall

Discovery Tours, a school tours company that filed for bankruptcy, had its hearing delayed until September 20, with the goal of providing court officials with more time to look through company records, including bank statements, credit card statements, PayPal accounts, and cash flow to and from the tour company to hotels, bus companies, and the owners of Discovery Tours.

Closure of Company, Limited Assets

The company, based out of Mayfield Village, Ohio has been in the business of educational tours for schools (to New York City, Chicago, the Henry Ford Museum outside of Detroit, Michigan, and Washington D.C.


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Tuesday, July 10, 2018

Don’t Delay in Filing for Bankruptcy


How might waiting to file for bankruptcy hurt my finances further?

Filing for bankruptcy is a big step, and often one that people avoid. While it may seem natural to put off filing for bankruptcy as long as possible, a new report from the Notre Dame Law Review reveals that waiting to file for bankruptcy can cost you. The report finds that the longer you avoid bankruptcy, when you are financially struggling, the greater your debt load will be. Our Read more . . .


Friday, June 15, 2018

Chapter 13 Bankruptcy Repayment Plan

Bankruptcy happens under a wide variety of circumstances. Different types of bankruptcy filings are designed to address some of these varied circumstances. Chapter 13 bankruptcy is generally designed for those individuals who may have higher amounts of disposable income, but still, face overwhelming debt.


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Thursday, June 7, 2018

Is Filing for Personal Bankruptcy Public?

Are bankruptcies published in the newspaper?

One of the greatest concerns of many would be bankruptcy filers is that the bankruptcy will become public information. Few of us want the world to know of our financial troubles. While you may have heard that bankruptcies are public information, you may be surprised to know that finding information as to your bankruptcy is quite difficult for the general public. Our


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Friday, May 11, 2018

Filing for Bankruptcy as a Senior

Should I file for bankruptcy if I am over the age of 60 and overwhelmed by debt?

Many seniors today are facing financial struggles. As the cost of healthcare rises and pensions diminish, seniors often find themselves unable to pay massive medical bills, keep up with the mortgage, and continue to satisfy credit card bills. For some seniors overwhelmed by debt, bankruptcy may provide the relief they need. Our


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Monday, April 30, 2018

Ohio Bankruptcy Exemptions

When filing for Chapter 7 bankruptcy in Ohio, exemptions will allow you to protect some of your property from creditors. When filing for...


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Miami Valley Bankruptcy, Brian Lusardi, Esq., assists clients with Bankruptcy matters including but not limited to: Common Myths, Cost of Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, The New Bankruptcy Law and Personal Bankruptcy in Xenia, Ohio, and the cities of: Wilberforce, Alpha, Spring Valley, Dayton, Bellbrook, Yellow Springs, Cedarville, Fairborn and Clifton; and the counties of Greene and Montgomery.



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