The Federal Debt Collection Practices Act has been in place for over 40 years -- and critics say that it's time for an upgrade to the rules in order to keep pace with the digital age.
The facts presented in a CNBC report are staggering: 66.5% of all bankruptcies are related to medical issues – either paying the bills or losing paychecks because of time off the job with an injury or illness.
When you hear that someone's home is in foreclosure, what do you think is the reason? Do you wonder if they got themselves into overwhelming debt through poor purchasing decisions? Do you assume they bought a home they could never really afford? Or maybe the breadwinner recently lost their job?
If you are a resident of Medina or live anywhere in Medina County and want to file for bankruptcy, you must file your petition in the United States Bankruptcy Court in the Northern District of Ohio. According to their website, the court serves residents of 40 counties in Northern Ohio and has offices in Youngstown, Canton, Akron and Cleveland.
Many hard-working people find themselves facing foreclosure and realize that they must consider all their options if they hope to keep their home. As markets shift constantly and job security is not easy to come by, foreclosure is a reality for Americans in every part of the country.