Ohio was hit hard by the recession, and some people and areas are still recovering. No one can blame you for falling behind on bills or debts; medical needs, lost jobs, or lower wages can happen quickly and lead to default.
Personal bankruptcy is an option if you're struggling with debt, but you should first ask yourself if bankruptcy is really right for you. There are several kinds of bankruptcy you can choose to apply for, and the type you choose does impact the way you'll recover from your debts.
For example, if you want to liquidate the items you own to get out of debt and start fresh, then you could opt for a Chapter 7 bankruptcy. If you earn money and want to pay back your debts over time, then Chapter 13 is a good choice. The kind you decide to get will also influence foreclosure options and the kinds of exemptions you need to take.
Bankruptcy isn't the only option you have to get out of debt. There can be payment plans and consolidation programs that may be a better option. Foreclosure could be an option for a home that isn't worth what you have left to pay on it, or you could opt for a short sale. No matter what you decide to do, each debt-relief option is designed to help you get your finances back on track.
Our website has information on the kinds of bankruptcy and debt-relief programs that are available, so you can make an educated choice for your future. You may have made mistakes in the past, but there's no reason you can't work toward a debt-free future now.