May 17, 2010, Bucyrus Telegraph-Forum
BY JESSICA ALAIMO
CentralOhio.com
Ryan Foor is only slightly apologetic about writing off $30,000 in debts by going bankrupt.
He admits to being reckless. He once spent $4,000 at a high-end clothing store in Florida. There were necessary charges, too — a 28-day hospital stay and books for classes at The Ohio State University. All were his with a swipe of plastic.
Foor is one of the growing number of Ohioans filing for bankruptcy, a federal court process that allows people to write off all or part of their debt.
Usually bankruptcies are used to get rid of unsecured debts, borrowed without collateral. In exchange, debtors sometimes lose assets, and the bankruptcy is a blemish on their credit reports for 10 years.
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