As a part of your bankruptcy action you will be required to go through a credit counseling session. This may seem useless to you considering the bad financial situation that you are in, which has led you to having to go bankrupt. However, the bankruptcy courts feel...
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Month: September 2015
Using the Wild Card Exemption Wisely in Bankruptcy
As you go through the process of your Louisville bankruptcy you are going to find that there are certain assets and property that you own that will be exempt from your bankruptcy proceedings. One of the exemptions that you may be allowed to use is the wildcard...
Meeting With Creditors
Part of your bankruptcy process will include a meeting that you will have to attend at the bankruptcy courts where you will come before your creditors and your bankruptcy trustee. This is called the 341 meeting. You will be required to answer some questions under...
Choosing Chapter 13
If you have been determined to be eligible for a Chapter 13 bankruptcy and are in a tough financial situation then this may be the most a viable solution for you to get on your financial feat once again. While most people think that going with a Chapter 7 bankruptcy...
What Happens to My Retirement Plan In Bankruptcy?
When individuals are filing for bankruptcy they have many different concerns. One of these is what their creditors can take from them, and also what the bankruptcy trustee may determine as being a nonexempt property. A lot of individuals have retirement accounts and...
What will Happen with my Home Mortgage in a Chapter 13 Bankruptcy?
One of the main concerns of any individual that is going bankrupt whether it is a Chapter 7 or Chapter 13 is what is going to happen to their home. Most individuals have a mortgage on their home and they have the fear that they are going to lose their property as a...
Do I Have to Pay All My Debts in a Chapter 13 Bankruptcy?
Some individuals are disappointed when they find out that they only qualify for a Chapter 13 bankruptcy. Technically the Chapter 13 bankruptcy is a repayment plan. This means that many of your creditors are going to have to be paid. While this may seem disappointing...
Using Chapter 11 Bankruptcy for Small Business
While there may be options for your small business bankruptcy such as the chapter 7 and chapter 13 there is also the chapter 11 option. No matter which of these you are wanting to qualify for, be sure that you seek out an experienced bankruptcy lawyer to help you and...
Personal Bankruptcy Liability for Corporate of LLC Debt
When an individual is thinking about going into business they have choices as to how they want to register the company. They could go as sole proprietor or general partnership, or they can incorporate it of make it a LLC. One of the reasons they often choose...
