On behalf of Schwartz Bankruptcy Law Center | Aug 30, 2017 | Chapter 13 Bankruptcy
The economic downturn that occurred in Kentucky and across the United States around 2008 hit many people quite hard. Lack of growth and a crash in certain markets led to loss of jobs for many, which led to depressed consumer spending, leading to more lay-offs in a...
On behalf of Schwartz Bankruptcy Law Center | Aug 23, 2017 | Business Bankruptcy
Kentucky is almost as well known for its coal as for its horses. The coal industry has a long history in the state, with miners and mining towns having grown up in the mountains that make up a good portion of Kentucky’s beautiful topography. Unfortunately, like...
On behalf of Schwartz Bankruptcy Law Center | Aug 16, 2017 | Chapter 7 Bankruptcy
A previous post here examined the basics of the “debtor education course” that all Chapter 7 bankruptcy filers must complete before receiving a discharge of their debts. At that time, we mentioned the fact that the course should not be conflated with...
On behalf of Schwartz Bankruptcy Law Center | Aug 9, 2017 | Chapter 13 Bankruptcy
Previous posts here have discussed some of the basic differences between filing a bankruptcy under Chapter 7 of the bankruptcy code and filing under Chapter 13. To refresh, Chapter 7 filings are often referred to as “liquidations,” in which the...
On behalf of Schwartz Bankruptcy Law Center | Aug 7, 2017 | Blog
There are many reasons for a business to struggle, even if it enjoyed years of success. A big box store could take customers away from a small retailer. A tornado could destroy a car dealership. A building contractor might have to shut down because of a divorce. If an...
On behalf of Schwartz Bankruptcy Law Center | Aug 2, 2017 | Business Bankruptcy
Entrepreneurs in Kentucky are likely all too familiar with the risks involved in starting a business. Depending upon the industry, failure rates can be anywhere from half of all start-ups to 80 percent or more. In many cases, there may be nothing the business owners...
