Most states, including Kentucky, have something called a homestead protection law.
Borrowers facing financial challenges need help
The Consumer Financial Protection Bureau is once again singling out for criticism companies that service student loans. According to the CFPB, servicing companies are not doing enough to help borrowers who are having difficulty repaying what they owe.
Peer-to-peer lending a scary solution to credit card debt
Americans are no strangers to credit card debt. In fact, about 40 percent of families are unable to make their credit payments. Ever since credit cards were first introduced to the general public, they have been a tantalizing pit that families in Kentucky often fall into, but a new solution is being presenting that could do more harm than good: peer-to-peer lending.
How a Chapter 7 bankruptcy begins
If you have decided that bankruptcy is your best option for debt relief – and that a Chapter 7 “fresh start” approach instead of a Chapter 13 payment plan is best for you (and further assuming that you qualify to use Chapter 7 bankruptcy), then your next inquiry will be how the Chapter 7 process works.
Which is better: A Chapter 13 bankruptcy or a Chapter 7?
When you are confronted by a mountain of unpaid bills and desperately needing to stop repossession, someone might suggest filing for personal bankruptcy. Filing for bankruptcy might stop foreclosure and offer you debt relief, but deciding which type of bankruptcy is the correct one for you requires the assistance of a bankruptcy attorney.
