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Personal Bankruptcy Archives

Stop creditor harassment now

Kentucky residents suffering from debt troubles will quickly realize how harrowing creditor harassment can be. Constantly being tracked down, called and contacted in different ways by creditors is nerve-wrecking, embarrassing and in some cases it is also unlawful. So, how do Kentucky residents put a stop to it?

Can I make it through bankruptcy and keep my house?

Bankruptcy does not always involve the total liquidation of all one's belongings. For example, in the most common type of consumer bankruptcy, known as Chapter 7 or "liquidation," consumers may not be forced to liquidate their home in order to pay off debts.

Willie Nelson: How he went from riches to rags in a heartbeat

There is no such thing as being so wealthy that you are immune from financial troubles. It is important for Kentucky residents to remember that going bankrupt is not only something that happens to the poor. Sometimes, even millionaires get millions of dollars in debt. Take singer-songwriter Willie Nelson, for example. At one time, he was $17 million dollars in debt to the Internal Revenue Service.

Personal Bankruptcy Won't Help Erin Andrews' Stalker

In recent bankruptcy news, after famed sports broadcaster Erin Andrews won a multi-million dollar judgment against Michael Barrett for invasion of privacy and emotional distress, Andrews had to fight the case again in Barrett's personal bankruptcy case. The case stemmed from Barrett secretly recording Andrews naked in a hotel room and then posting the video online for the world to see. During the trial Barrett filed for Chapter 7 bankruptcy protection, but recently the judge in Barrett's bankruptcy eliminated Barrett's hope of getting out from under the multi-million dollar verdict.

What is the personal bankruptcy "Means Test" and how do I study?

People who consider personal bankruptcy when they are experiencing financial difficulties might decide that the best solution is to seek relief from the courts. An experienced legal professional can help navigate what can be a confusing situation, but in short, bankruptcy courts have two main options for those seeking personal bankruptcy relief.

50 Cent submits tentative bankruptcy settlement

In the wake of filing a proposed $23.4 million bankruptcy settlement, rapper 50 Cent posted a photo of himself in a dapper red suit with the caption, "I'm gonna hustle till I die, I get high off winning. I gotta do it again and again forgive me." The proposal is part of his Chapter 11 bankruptcy payment plan that will require court approval before it is implemented.

Debts, bankruptcy and debt resolution strategies

Debt problems have a tendency to snowball out of control very quickly. Kentucky residents might simply think that they are using a credit card to make ends meet quite innocently, when suddenly something happens that prevents them from paying off the credit card. When credit card payments cannot be paid, fees and interest will add up to become astronomical in no time, even with very small debts.

Ex-agricultural commissioner Richie Farmer files for bankruptcy

Richie Farmer used to be Kentucky's agricultural commissioner. He was also a star of the University of Kentucky basketball team. However, after being convicted of violating state campaign finance and ethics laws, he was sent to prison. More recently, Farmer appeared in the news against, on May 4, after filing for personal bankruptcy.

Can I discharge my student loan debt during bankruptcy?

The safest answer to the question of whether student loan debt can be discharged in bankruptcy is "no." However, if it can be shown that the individual is suffering from extreme financial hardship, then there is a possibility that the student loan debts will be discharged.

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