Louisville Bankruptcy Blog
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...
Payday loans can leave you in need of debt relief
There are a lot of financial stressors in life. In the blink of an eye you might lose your job, dissolve your marriage, suffer a costly injury, or be subject to the onset of a devastating illness. Any of these scenarios can be financially devastating, and it might...
Tips to curtail the buildup of credit card debt
Millions of Americans have credit cards that they use frequently for all types of purchases. In fact, using credit cards to make purchases can become quite normal for many people, as they shop online or in stores and then pay off the balance owned when the monthly...
Rebuilding credit after bankruptcy
A Chapter 7 bankruptcy can liquidate debt and provide a financial fresh start. But this may come with worries that decent credit may never be reestablished after bankruptcy. There are ways, however, to rebuild credit. First, keep in mind that your credit may have...
Improving credit score after bankruptcy
When an individual accumulates debt, he or she wants to get rid of it. Whether it is a large sum or not, getting rid of debt allows for financial burdens to be uplifted. However, not everyone is able to quickly pay off debt. In some cases, debt gets so overwhelming...
