When you are looking for a new home or a new-to-you home in Ohio, you have many options about how to find the best house or residence for your situation. Some of your choices may be determined by what you want. Perhaps you live in one part of the state and are looking for a property in another area as an investment or a second residence. This could change how you shop for a home compared to situations in which you are looking for your own primary residence in the region in which you currently live.
Bankruptcy and student loans
Many people in Ohio may have commonly heard and hold the belief that student loan debt may never be included in a bankruptcy proceeding. Lenders of these loans look to such protection to know that they will be appropriately repaid on their loans. However, some people may pursue options to have these debts forgiven. NerdWallet provides an overview of how this may happen.
Debtors and creditors brought together in mediation
While the nation has been enjoying some recovery from the great recession, that does not mean that some Ohio residents do not continue to struggle financially. Even out of what felt like a firestorm in the mortgage crisis that accompanied the recession, homeowners facing a debt crisis may look to bankruptcy to help them out. Both creditors and debtors in situations like this may need help to look out for their interests.
