Former NFL player Jamal Lewis has asked the court to change his Chapter 11 bankruptcy filing to Chapter 7 in order for him to sell off his assets to pay off his debts. The former Baltimore Ravens running back filed for bankruptcy in April. According to Reuters, Lewis listed $10.6 million in liabilities and $14.5 [...]

A local restaurant owner has filed for Chapter 7 bankruptcy after the closing of two Ohio restaurants earlier this year because of financial issues. The man filed for personal bankruptcy in the U.S. Bankruptcy Court in Toledo and listed his assets as $559,500 and his liabilities as $3,077,359. The man cited that the restaurant closures [...]

Bankruptcy filings have fallen in the Toledo area for the 11th month in a row. Last month in the Toledo court,  there were 534 new bankruptcy cases filed. This is down from 734 that were filed last July. This court covers 21 northwest Ohio counties. With the number of filings in July added to the [...]

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 [...]

Many people struggle with debt in America and feel as if they have no options, but this is not true. If you are in this situation, bankruptcy may be the best idea for you and your family. There are different types of bankruptcy including Chapter 7 bankruptcy, which is mistaken to be a liquidation bankruptcy [...]