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March 2016 Archives

Can a Judge Deny My Bankruptcy Petition?

If you have begun the process of bankruptcy on your own and have decided to go under a Chapter 7, it may be possible that the judge will deny or dismiss your Chapter 7 bankruptcy. There are a few reasons where this can take place. If it is been deemed that you are not eligible for a Chapter 7 bankruptcy and are not willing to convert to a Chapter 13 which you may be eligible for, then your bankruptcy will be dismissed. It could be that you filed for bankruptcy relief in the past and did not qualify and your case was dismissed then the same will happen unless circumstances have changed. If you filed for Chapter 7 bankruptcy in the past eight year period of the date that you are now filing for your new Chapter 7 bankruptcy, then you will also be turned down. The best the thing that you can do, once you decide that your financial situation is so dire that you have no other recourse but to go for a bankruptcy, is to seek out a qualified bankruptcy attorney. A bankruptcy expert can assist you right from the beginning in making the decision and then in determining which chapter is most applicable to you. A Kentucky Bankruptcy Attorney can also see you through the entirety of the bankruptcy action. If individuals have told you that there's nothing to filing a bankruptcy, then they're mistaken. There are a lot of steps that have to be taken but when done properly it is an excellent form of debt relief that allows individuals in bad financial situations to get a new start. 

Avoid Being Intimidated By Bankruptcy

Most likely if you are in a very difficult financial situation that you cannot see your way out of, you are thinking about bankruptcy. This can be a frightening thought at the very start because it is not something that you are familiar with.

Justifying Your Bankruptcy Decision

One of the biggest reasons that many people put off going bankrupt is because of the stigma that is attached to it. They feel that they are a financial failure and are often embarrassed by this. What has to be realized is that really you don't need to justify your bankruptcy decision to family and friends. You may definitely want to discuss this with your spouse as they will be directly involved in your bankruptcy in one way or another. You also have to create the mindset that the step you are taking by going bankrupt is a good step if there is no other recourse for your financial situation. What you are making here is not a desperate decision but a good decision. Once you have completed your bankruptcy you will find that you are going to have a fresh start with your finances and your family and friends should see that this has been beneficial to you. It is entirely your decision as to whether you want to discuss your bankruptcy with your family and friends, however if you are job seeking you may have to reveal this information, but again, you don't need to justify it. In fact, many potential employers like the fact that you have taken responsibility for your financial situation. Once you've decided to go bankrupt and feel comfortable in doing so then you need to find yourself a qualified bankruptcy attorney that can assist you through the entire process. This individual will also reiterate the fact that the bankruptcy is a form of debt relief and by making this choice you are being responsible in your financial actions. 

Helping your seniors with Bankruptcy

Many families as they grow older are concerned about the financial situation of their parents. It is most distressing to see their older loved ones living in financial destitute simply because they still have a load of debt that they are trying to deal with.

Common Student Loan Questions

There are so many students that are in difficult financial situations simply because they are loaded with student debt. One of the best resources that they can rely on when they are in this situation is to seek out a student debt relief attorney who can assist them in learning what all of their options are.

Talking To Your Spouse about Bankruptcy

Quite often couples fall into financial difficulty as a man and wife and may have no other choice but to go bankrupt. One of the partners may realize this while the other doesn't and discussing this can be quite stressful on the marriage. When emotions run high, seeking the council of Louisville bankruptcy lawyers is advisable.

What Are Mortgage Deficiency Judgments?

As a homeowner that has fallen into great financial difficulty, you may find that you are faced with a foreclosure on your home. What can often happen is that your home is sold through a foreclosure but not for enough that is going to clear off the entire mortgage balance. This means that you are now without a home but still have a mortgage debt.

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Schwartz Bankruptcy Law Center

Office Locations:

Louisville Office
3339 Taylorsville Road
Louisville, KY 40205

Phone: 502-785-8549
Phone: 502-485-9200
Fax: 502-485-9220
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New Albany Office
501 State Street
New Albany, Indiana 47150

Phone: 502-785-8549
Phone: 812-945-9200
Fax: 502-485-9220
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