The number of foreclosures in Ohio have risen in the month of June, but are still lower than the were at this time last year. The number of foreclosures that were filed in Ohio in the month of June are up 3.5 percent from May. This means that there were 8,671 filings in June which [...]
When you are in debt or financial trouble, creditors may begin to harass you with phone calls. In some cases, illegal tactics will be used in order for collection agencies to get your money. The Federal Trade Commission prohibits this from happening in the Fair Debt Collection Practices Act. This means that they can not [...]
Bankruptcy filings in Dayton have fallen for the first time since 2006. The filings represent only the first 5 months of the year and the first drop has been attributed to an overhaul of bankruptcy laws done by Congress. Some attorneys in the area have said that the other part of the downfall can be [...]
In June, a total of 120,623 people in the United States filed for personal bankruptcy. Compared to a month before, this is a 6.6 percent drop. A professor at the University of Illinois College of Law specializing in bankruptcy estimates that personal bankruptcies will be 5 to 10 percent lower this year than last year. [...]
Barber Foods has announced that they will be cutting jobs after being sold to an Ohio-based company late last month. Officials have said that the layoffs do not have anything to do with the acquisition, but because of new processing equipment that has been in development for a year. AdvancePierre were two companies that emerged [...]
With all the attention on foreclosures in the state of Ohio there are still many people that do not know what to do if they are beginning to fall behind on housing payments. Here are some tips that can be used in order to clear up myths about foreclosure. First, something important to remember is [...]
Forum Health Inc., which was once one of the largest healthcare providers in certain Ohio areas, t has fees up to $26 million that have been approved by the U.S. Bankruptcy Court that will be used to compensate those involved in the bankruptcy case. The two-year-old bankruptcy case is now working its way to conclusion. [...]
The state of Oregon is hoping that the legislature passes a new law that will help to protect those in foreclosure. The current law gives the homeowners very little protection and the new bills on the subject will look to close loopholes. Senate Bill 827A and 826 are two of the bills looking to help [...]
Bankruptcy filings are reportedly down by 21 percent for the second consecutive month from this time last year. May also was the ninth straight month filings had fallen. Some have said that the local economy has not improved, but the caseloads by local attorneys are decreasing because fewer people are seeking debt relief. Some who [...]
As of now, foreclosed homes are selling at nearly a 27 percent discount compared to homes that are not distressed. However, some states are seeing a larger discounted rate than others. In 10 states, the discounted rated was nearly 35 percent lower than homes not in distress. The largest discounts are seen in Illinois and [...]
The number of bankruptcy filings in the northern Ohio area down from last year at this time. Cleveland has seen a decrease of 10 percent from the period of January to April 2010 and Akron has seen a 20 percent decrease from the same time. This is an improvement from last year, but those who [...]
Although it has been four years since the mortgage lending sent the housing market into a downward spiral resulting in a wave of foreclosures, the issue is not showing signs of stopping. Because housing prices are falling, it is leaving some homeowners owning more than their homes are currently worth. The issue of shoddy documents [...]
Franciscan Services Corp., has recently acquired a Twin City hospital that has been struggling with debt for quite some time. The hospital filed for bankruptcy in October 2010 and this deal was just settled for $4.9 million in the U.S. bankruptcy court. The 25-bed hosptial is going to be turned into a "Catholic critical-access" hospital. [...]
Foreclosures in the state of Ohio were down 33 percent in the month of April. This new report was released by a California-based foreclosure tracker and it found that 7,962 properties in the state received some type of action, default or repossession notice. These notices are down 33 percent from April 2010 and down 13 [...]
Creditors with the Rookwood Corp., who operated Rookwood Pottery, have filed a bankruptcy petition just days before all of the company's assets were to be sold at an auction. The pottery company's auction automatically got put on hold after the filings were done. The corporation has 21 days to file a response, according to the [...]
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