On behalf of Schwartz Bankruptcy Law Center | Nov 30, 2016 | Chapter 7 Bankruptcy
There are many reasons why a person in Louisville might file for Chapter 7 bankruptcy, ranging from credit card debt to medical debt to an underwater mortgage. However, contrary to popular belief, filing for Chapter 7 bankruptcy will not ruin one’s credit...
On behalf of Schwartz Bankruptcy Law Center | Nov 25, 2016 | Chapter 13 Bankruptcy
Home ownership may be the “American dream,” but for many in Louisville, it is something that leaves them deeply in debt. There used to be the notion that if a person purchased a home at age 35 and did not refinance, they will have paid for the house...
On behalf of Schwartz Bankruptcy Law Center | Nov 23, 2016 | Chapter 7 Bankruptcy
Those in Louisville who have fallen behind on their bills, and are facing ever-mounting late fees, collection notices or even the possibility of lawsuits, may want to pursue debt settlement. Through debt settlement, the creditor agrees to let the debtor pay less than...
On behalf of Schwartz Bankruptcy Law Center | Nov 18, 2016 | Business Bankruptcy
Pharmacogenetics Diagnostic Laboratory LLC, is a Louisville company once saw significant growth. In fact, in 2013 it was named Louisville Business Fist’s 2013 business of the year. However, Louisville residents may be surprised to hear that it is now filing for...
On behalf of Schwartz Bankruptcy Law Center | Nov 16, 2016 | Chapter 7 Bankruptcy
It may have once been the case that filing for bankruptcy was the last-ditch solution for those in Louisville facing overwhelming debt. However, many now view bankruptcy as a proactive means for reigning in control of debt they cannot cope with and coming out of the...
On behalf of Schwartz Bankruptcy Law Center | Nov 12, 2016 | Chapter 7 Bankruptcy
While filing for bankruptcy may have some stigma attached to it, in fact many residents of Kentucky these days view it as a proactive way to wrest control of their debt and start over with a fresh financial slate. Oftentimes people are simply hit by some sort of...
On behalf of Schwartz Bankruptcy Law Center | Nov 10, 2016 | Chapter 7 Bankruptcy
Kentucky residents facing spiraling debt crises are not alone. According to a GOBankingRates.com survey of 3,000 adults surveyed nationwide, 49 percent replied that they were in debt. Of those, mortgage loans were the largest source of debts. After that, came student...
On behalf of Schwartz Bankruptcy Law Center | Nov 8, 2016 | Debt
Managing debt is an important part of overall household management in the United States. Credit card debt accounts for a major slice of that debt. This type of debt can also be pernicious and hard to control for two reasons: there are hidden fees associated with some...
On behalf of Schwartz Bankruptcy Law Center | Nov 4, 2016 | Chapter 13 Bankruptcy
Deciding whether to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy takes careful thought. After all, there are advantages and disadvantages to each type of filing. Debtors in Kentucky need to carefully asses their financial situation to determine what choice...
On behalf of Schwartz Bankruptcy Law Center | Nov 2, 2016 | Chapter 7 Bankruptcy
Filing for bankruptcy takes more than simply submitting some paperwork to the court and appearing before a judge. For example, debtors in Louisville who are considering filing for Chapter 7 bankruptcy must complete two courses: a pre-filing credit counseling course...
