When someone in Kentucky files for bankruptcy protection, they typically want the process over as quickly as possible. While necessary, the process of seekingdebt relief can be invasive and at times uncomfortable. Using the case study of a famous rapper, a recent...
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Month: July 2016
After filing for Chapter 11, 50 Cent makes $7.4M payment
Although famous musicians, sports stars and other celebrities often earn significant incomes, the lifestyle that comes along with fame can lead to financial difficulties. In fact, news articles over the past years have reported that many celebrities have...
Many factors dictate the reason a company files for Chapter 11
While some companies may find themselves in dire financial straits due to fiscal mismanagement, there are some corporations that are driven to seek bankruptcy protection because of factors that are completely out of their control. For example, there are many times...
Chapter 7 bankruptcy and student loans
Most Kentucky residents are under the impression that student loans can never be discharged in a bankruptcy, but that it not entirely true. Under certain circumstances, some or all of an individual's student loans can be discharged in a Chapter 7 bankruptcy. However,...
