Bankruptcy

The journey through financial hardships can be a challenging one. For many in Kentucky, the road seems particularly steep and headed toward bankruptcy. A surging trend Kentucky saw a notable surge in bankruptcy filings over the past two decades. The numbers paint a...

If you are facing insurmountable financial challenges, filing for bankruptcy might be a consideration. However, the prospect of bankruptcy can raise concerns about the fate of your assets, especially your home. There are a few things you should know about how...

Bankruptcy is an excellent option for debt relief. It can give you a clean slate. It works by erasing debts. It would be best to learn more about it before deciding it is right for you. So here are some ways chapter 7 bankruptcy can be a good option for relieving...

If you are currently drowning in debt, you are not alone. In the United States, thousands of individuals face debt loads that they cannot repay for multiple reasons. While this can be a frustrating situation to be in, the good news is that you have options. Depending...

When you file for bankruptcy, you get an automatic stay. This federal court order prohibits your creditors from contacting you to collect the debt. If you struggle with unpaid bills and have considered bankruptcy, learn more about the potential benefits of an...

As you get older, you may want to start planning for your retirement. Looking at your finances, you may find that you cannot retire easily with the amount of debt you currently have. In that position, you have a few options, such as paying down what you owe,...

Filing for bankruptcy may allow you to discharge existing credit card, personal loan or medical debts. However, there are some balances that cannot be discharged regardless of whether you file for Chapter 7 or Chapter 13 protection. Let's take a closer look at the...

Kentucky bankruptcies, like those in every other state, place an automatic stay on debts once the case is filed. This means that creditors can take no action to collect these debts while the bankruptcy is pending. In other words, everything is frozen in place from the...

Financial strain can be unexpected, hitting people at the most vulnerable times in their lives: after a birth of a child, the death of a loved one, or even after an serious health complication. Other times, trouble is brewing over years and missed payments have been...