Filing for bankruptcy can be a difficult time for a Kentucky resident. Besides the stress of dealing with creditors and debt collectors, there is the fear of not being able to get through the legal process. Add to this that the individual needs to decide what kind of...
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How long may Chapter 7 bankruptcy affect credit?
Many Kentucky residents may be aware that filing for any kind of bankruptcy, especially a Chapter 7 liquidation, will affect one's credit rating. But what is a credit rating exactly? The credit rating is a number used by many banks and other lenders to determine...
Pros and cons of Kentucky business bankruptcy
Louisville business owners very often become entrepreneurs not only because they have an interest in the type of business they are running, but also because they wish to have the independence that comes from being their own bosses. This means they have a lot freedom...
Some requirements for filing Chapter 13 bankruptcy
Making the decision to file for bankruptcy is stressful. Deciding what type of bankruptcy to file can be equally as stressful. Not everyone is able to file for all forms of bankruptcy, and while some may wish to pursue Chapter 13 and some may want to take a different...
Getting over your anxiety about filing bankruptcy
Filing bankruptcy is a big step in your financial life, one of the most important decisions you will ever make. You may have preconceived notions about filing that lead you to wonder how good an idea it is. If you are waffling, perhaps you should look at the...
