Louisville Bankruptcy Blog
Bankruptcy and mortgage
There are many options if you are face overwhelming financial debt. Filing for bankruptcy may provide a fresh start but can impact your eligibility for getting a mortgage. There are ways to overcome these obstacles, however.      Impact Chapter 7 is the most common...
Which bills get paid first?
Debt can quickly get out of control and lead to serious remedies such as bankruptcy. But a debt relief plan identifying the bills to pay off first can help you avoid falling deeper in debt and keep up with expenses. First, according to the National Consumer Law...
Can bankruptcy help with foreclosure?
One of the many worries on the minds of those struggling with overwhelming debt, who may have fallen behind on mortgage payments, is saving a family home from foreclosure. Struggling consumers and homeowners facing the foreclosure process should be familiar with the...
How are Chapter 13 plan payments calculated?
Prior to going into a Chapter 13 bankruptcy, debtors may not realize that their creditors are different from each other. However, they are, and within a Chapter 13 bankruptcy they will be broken down by type in order to form a viable plan and calculate payments....
The Means Test for a Chapter 7 Bankruptcy Filing
Chapter 7 bankruptcy can be an excellent legal option for a Kentucky resident who is struggling to overcome significant debts. Burdensome financial obligations can take many forms, from unexpected medical bills or losses of income from layoffs or cutbacks. Credit card...
Questions About Bankruptcy? Get Answers For Free!
Debt is piling up. The thought of bankruptcy has crossed your mind, but you don't know if it makes sense and you have so many questions: Are there other debt relief options I can try before filing bankruptcy? Am I eligible to file bankruptcy? Would bankruptcy get rid...
How soon can you buy a house after declaring bankruptcy?
Many Louisville area residents have had financial problems in their life. There are so many circumstances that can arise, at no fault of the individual, where their financial circumstances can change seemingly overnight. An unexpected medical condition, for example,...
How can the automatic stay during bankruptcy protect me?
Personal bankruptcy options provide a variety of important protections to filing parties. One of the most valuable protections is the automatic stay which is why those considering bankruptcy should understand the ways the automatic stay may be able to protect and help...
Alternatives to bankruptcy are out there, but have drawbacks
There are many people who promote several different types of alternatives to filing for bankruptcy. For instance, when a person has just one unmanageable debt may want to think about approaching that creditor and negotiating a deal. The upside of this is that it can...
What are Chapter 7 bankruptcy exemptions?
Personal bankruptcy protections can help consumers with overwhelming debt enjoy debt relief and get on a fresh financial footing. Chapter 7 bankruptcy is one type of personal bankruptcy protection that is referred to as a liquidation bankruptcy process during which...
