During these difficult financial times, many Americans are having trouble making ends meet. While people are generally advised to pay off credit card debt first, nowadays many experts are advising people to have an emergency savings account. Making your minimum credit...
Understanding how voidable preferences work
When residents of Louisville contemplate bankruptcy, they look forward to the day when most, if not all, of their debts will be cancelled. “Discharged” is the lawyer word for this outcome. However, some debts cannot be discharged in bankruptcy, and anyone looking file...
The upsides to filing for Chapter 13 bankruptcy protection
If you have decided to file for bankruptcy, you may be considering reorganization under Chapter 13. This plan involves the repayment of your debts rather than the liquidation of your assets. Here are some upsides to a Chapter 13 filing. You make payments based on your...
Americans hauling around lots of credit card debt
Americans continue to rely on their credit cards to meet certain household and other expenses. While credit cards are very useful tools for people who need just a little time to come up with some extra money, the downside is that many people in Kentucky and other...