Louisville Bankruptcy Blog
Why is Chapter 7 bankruptcy such a popular choice?
Chapter 7 bankruptcy is a popular choice for many reasons. However, it is not the right choice for everyone. If you have overwhelming debt that you don't think you can tackle alone, one form of bankruptcy or another will likely help you solve your issues. However, the...
Does filing bankruptcy help your credit?
One of the big reasons that people do not want to file for bankruptcy is that they have this idea that it is going to ruin their credit. They think they'll never get a loan again, and they lament the loss of this financial option. It's true that a bankruptcy filing is...
When is filing for Chapter 13 bankruptcy a good decision to make?
Filing for bankruptcy is not always a good decision to make. If it is realistic for you to be able to tackle your debts by employing discipline and a good budgeting protocol, it is probably best that you avoid bankruptcy. However, if you are struggling to keep your...
Debunking some of the most common bankruptcy myths
It's common for those facing financial struggles to be wary of filing for bankruptcy because of the horror stories that they have heard. Many people hear false information about bankruptcies that they believe to be true. This occurs in part because the different...
Am I able to file for Chapter 7 bankruptcy in Kentucky?
Almost anyone who is facing overwhelming debts will be able to file for bankruptcy, but the type of bankruptcy will depend on their preferences and current financial situation. Chapter 7 bankruptcy is a very popular option because it is the quickest form of...
Don’t make these Chapter 13 bankruptcy mistakes
Filing for Chapter 13 bankruptcy can be a positive action for your financial future. By taking this action, you will have a good chance of being able to gain control of your debts over the next few years, and you will also get relief from creditor action. However,...
Seeing the positives of a bankruptcy filing
Many people feel that they have no choice but to file for bankruptcy when they are facing overwhelming debts. As a result, they can be quick to dwell on the ways that a bankruptcy filing will limit the control over the way they live their life for the foreseeable...
Understanding the challenges of Chapter 13 bankruptcy
Chapter 13 bankruptcy offers many people the chance to be free from creditor actions and to pay back their debts over a reasonable timeframe. While filing for this bankruptcy chapter offers debtors some unique opportunities, the challenges should not be...
Why is Chapter 7 bankruptcy so popular?
When approaching the possibility of filing for bankruptcy, it is important to distinguish between the different Chapters. This is because the different types of bankruptcy vary widely, and they involve different sacrifices and time frames. Chapter 7 bankruptcy is one...
Why are so many older people forced into bankruptcy?
As people get older, it is often presumed that their net worth will get greater, and their financial challenges will decrease. However, it has been reported that many older Americans are struggling with financial issues and unmanageable debts. The reason for this has...
