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Actress Teri Polo seeks bankruptcy protection

Posted on April 25th, 2014 No Comments

American actress Teri Polo recently filed for bankruptcy, an article in the Huffington Post reported on April 23.

In the Chapter 11 claim filed by the 44-year-old actress on April 14, she owed the IRS an estimated $745,000. Aside from her overwhelming credit card debt, Polo also had unsettled debts to the California Franchise Tax Board of approximately $27,000. The actress, who was famous for her role in the movie “Meet the Parents,” only has assets worth less than $50,000.

Facing unmanageable debts can be frustrating. However if you are in this situation, legal options may be available to you in order to get your finances back in order. Find out how lawyer Ryan J. Ruehle, LLC may be able to help you today by calling 513-621-0999.

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U.S. quarterly foreclosure hit all-time low since 2007

Posted on April 16th, 2014 No Comments

Due to continuous economic recovery, in March the housing market observed an all-time low in foreclosure rates since 2007.

Data from RealtyTrac indicates that nationwide foreclosure activity plunged by 23% in the first quarter, which is the lowest recording since 2007. Reports said, at least 117,485 homes in the U.S. have default notices, are being acquired by investors, or are going through auctions.

Attorney Ryan J. Ruehle, LLC, understands that in Cincinnati alone many people are struggling in different stages of foreclosure. If you are facing such a situation, you could benefit from the legal advice of an experienced bankruptcy attorney. Call our offices today at 513-621-0999 to discuss your legal options.

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Payday loans may actually trap people in debt

Posted on April 3rd, 2014 No Comments

A recent report by the U.S. Consumer Financial Protection Bureau said that most people who depend on payday loans tend to end up paying more than they borrowed initially, because of the loans’ high interest rates.

Richard Cordray, director of the Consumer Financial Protection Bureau, mentioned that payday loans can become “debt traps” for the people that borrow the loan. In many cases people with low incomes depend on payday loans, so paying the debt that the loans’ interest rates accrue can be financially daunting.

Attorney Ryan J. Ruehle, LLC, serves Cincinnati people that are facing financial difficulties. If you are unable to pay your debts, you could benefit from legal representation. Call 513-621-0999 to learn about your legal options.

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Nationwide foreclosure rate in February marks the lowest since 2006

Posted on March 19th, 2014 No Comments

Recent information from RealtyTrac said that nationwide the number of homeowners who entered foreclosure proceedings last February marked the lowest since 2006, an article by Forbes stated on March 13.

The real estate firm recorded at least 51,842 homes last month that have started the foreclosure process, which is much lower compared to January. Meanwhile, RealtyTrac also stated that a total of 112,498 properties nationwide were in different stages of the foreclosure process, which is considered to be the lowest since 2006 ended.

While most states continue to experience a decline in foreclosure, RealtyTrac observed foreclosure starts increasing last month in at least 14 states.

Attorney Ryan J. Ruehle, LLC, understands that many Cincinnati homeowners are threatened with the loss of their home due to foreclosure and outstanding debts. Fortunately, there are legal options available that may be able to help you keep your home. Discuss these options and how he can help you by calling 513-621-0999 today.    

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DMX’s NY home faces foreclosure

Posted on February 27th, 2014 No Comments

DMX’s financial troubles continue to develop. After filing for bankruptcy in 2013, he is now facing foreclosure for his $1 million New York property.

Reports indicate that the rapper is blaming his wife for the property complications. The couple apparently agreed that Tashera, DMX’s wife, would handle payments for the Mount Kisco property. DMX moved out of the property in 2005, but continued paying on the mortgage until 2008.

Losing a home due to foreclosure is stressful, especially in the wake of financial difficulties. If you are facing foreclosure in Cincinnati, the representation of lawyer Ryan J. Ruehle, LLC, could benefit you. Call 513-621-0999 to discuss legal options.

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U.S. properties entering foreclosure decrease in January 2014

Posted on February 23rd, 2014 No Comments

An 18 percent decline in the number of U.S. properties that filed for foreclosure in January 2014 as compared with January 2013 was observed by RealtyTrac, as reported by the Wall Street Journal on Thursday, February 13. However, an 8 percent increase of U.S. homes reportedly in different stages of the foreclosure process was also reported.

In January there were only 57,259 homes that entered foreclosure proceedings, a 12 percent decline compared to same month last year. On the other hand, homes that were repossessed by investors or the government declined last month by 4 percent, an improvement of 40 percent from last year.

According to RealtyTrac, the foreclosure decline reported is considered the lowest since 2012.

Lawyer Ryan J. Ruehle, Attorney at Law, LLC, knows that in Cincinnati alone, a number of homeowners are still being threatened by foreclosure every year. Fortunately, it may be possible to avoid foreclosure through debt negotiation, bankruptcy, or other legal means. Call us at 513-621-0999 to learn more about your options.

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Former Baywatch star files for bankruptcy

Posted on February 6th, 2014 No Comments

Ex-Baywatch actress Nicole Eggert recently filed for Chapter 13 bankruptcy to prevent her house from being foreclosed. In the Chapter 13 bankruptcy petition, Eggert proposed a 3 year plan to settle her mortgage and creditor payments.

According to the filing, Eggert has a current liability of $807,115 and claimed to pay monthly expenses of more than $20,000. Her assets listed in the filing amount to $1,070,400.

This bankruptcy petition is the third of the year, with the two previous filings both being dismissed.

Sometimes filing for bankruptcy is the best option for people struggling with financial problems. If you are dealing with financial difficulties in Cincinnati, speak with attorney Ryan J. Ruehle, Attorney at Law, LLC, about your various options, including bankruptcy. Get in touch today by calling 513-621-0999.

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Foreclosed rates in U.S. continue to drop

Posted on January 20th, 2014 No Comments

Real estate professionals noted that the dropping foreclosure rates in the United States indicate improving economic stability.

According to reports, 462,970 U.S. homes underwent foreclosure in 2013, which is a 31% decrease compared to 2012. Homes that complete foreclosure continue to decrease annually in 38 states.

RealtyTrac vice president Daren Blomquist expressed optimism that the real estate market will continue to improve.

Unfortunately, many United States homeowners are still being threatened by foreclosure. If you are currently facing foreclosure in Cincinnati, the lawyers of Ryan J. Ruehle, LLC, have the knowledge and experience to provide you with legal counsel. Call us today at 513-621-0999 to learn more of your options. 

 

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Country singer files for bankruptcy

Posted on January 7th, 2014 No Comments

Country singer Eddie Montgomery, of the Montgomery Gentry duo, recently filed for Chapter 7 bankruptcy.

According to the filing, Montgomery had $13.4 million in liabilities and only $1.9 million in assets. Montgomery’s financial troubles stem from his failed Harrodsburg restaurant. Additionally, his finances were hurt by his recent divorce from Tracy Nunan.

Montgomery’s attorney confirmed that divorce and business failure led Eddie to seek bankruptcy protection.

Financial difficulties can be extremely stressful. If your finances are becoming a burden and you live near Cincinnati, attorney Ryan J. Ruehle, LLC, could help you find relief. Give his office a  call at 513-621-0999 to find out how he can help you manage your debt.

 

 

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Foreclosure rates in the U.S. at a record low

Posted on December 18th, 2013 No Comments

A real estate firm commented on a recent trend in a nationwide decline in foreclosure activity. According to recent data, this year’s foreclosure crisis is was the lowest that it has been in eight years.

RealtyTrac, a estate research company, mentioned that the foreclosure activity in November had fallen 37 percent compared to last year. This recorded data marks an all-time low since December 2005.

Darren Blomquist, the vice president of RealtyTrac, said that this positive turn in the real estate market could point to improved economic conditions nationwide.

Despite a decline in foreclosure rates, the threat of foreclosure looms over many homeowners in the United States. If you are in need of foreclosure defense in and around Cincinnati, contact the attorneys of Ryan J. Ruehle, LLC. Give us a call at 513-621-0999.

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