A lot of us are struggling right now, and we have been for some time. And, while bankruptcy filings have largely been down this year, it does not mean that people are not considering it. But, what should one do before calling a bankruptcy attorney? Communicate with...
Will I lose all my property in a Chapter 7 bankruptcy?
When Kentucky residents are confronted with overwhelming debt they cannot pay and are feeling pressure from creditors and debt collectors, they are frequently unsure of what they can do to get into a better financial position. For many, bankruptcy is an untenable...
Debt that can be discharged through bankruptcy
Bankruptcy can provide a fresh start to consumers dealing with overwhelming debt. Filing for the commonly used Chapter 13 or Chapter 7 bankruptcy, however, only leads to discharge of certain debt. Credit cards and other dischargeable debt A Chapter 7 filing will...
Will I lose my home if I file for bankruptcy?
When a Louisville area resident reaches the point where they are considering filing for bankruptcy they are in a serious financial situation. A person can find themselves behind in their bills due to no fault of their own. An unexpected medical condition, job loss, or...
Chapter 7 bankruptcy overview for struggling consumers
Personal bankruptcy protections are able to help struggling consumers with crushing medical debt, credit card debt or who may be worried about hanging on to their family home through the foreclosure process. There are different types of personal bankruptcy protection...
What the automatic stay does for bankruptcy filers
The automatic stay can do many things for bankruptcy filers that they should be familiar with. The protections associated with the automatic stay kick in once the filing party has filed for any type of personal bankruptcy protection and are essential protections to be...
Rebuilding credit after Chapter 7 Bankruptcy
It is a common misconception that a credit score is forever ruined by filing bankruptcy. This is not only false, but also misleading. Depending on the status of credit when a bankruptcy is filed, it could actually help your score. Rather than collections being sold...
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...
Chapter 7 bankruptcy’s meeting of creditors
For many Kentucky residents, it only takes one unexpected event to throw them into financial turmoil. Some of them try their hardest to escape the throes of overwhelming debt, from turning to friends and family for support to taking out personal and payday loans just...
Reality TV star sued over bankruptcy case
No one in Louisville ever anticipates being in a scenario where they are drowning in debt. The trouble is that oftentimes comparatively small financial struggles can often be compounded by creditor actions, leaving one facing inordinate expenses that only continue to...