As this blog has discussed on several previous occasions, many residents of Louisville, Kentucky, who find themselves in financial trouble may consider Chapter 13 bankruptcy as an option for debt relief. As has been explained, a Chapter 13 bankruptcy involves making...
Has Debt Taken
Over Your Life?
Month: November 2017
Average household debt soars to new heights
Although the figures had not been completely processed, the Federal Reserve Bank announced recently that the people of Louisville, Kentucky, along with their fellow Americans, are carrying around almost $13 trillion in consumer debt. This marks the 13th quarterly...
Can Kentucky businesses contract bankruptcy rights away?
It is very likely that few businesses go into operation with the idea that they will go bankrupt. Generally business owners are looking to run profitably for the foreseeable future. However, the possibility of failure always exists, as business is a risky proposition...
4 good tips for handling the emotional side of bankruptcy
A business bankruptcy is not just a black and white process of filing documents and making your way through the necessary steps. The prospect of having to shut down your company can be devastating from a purely emotional point of view. The emotional side of bankruptcy...
What factors may prevent me from filing for Chapter 7 bankruptcy?
As readers of this Louisville legal blog may know, bankruptcy is a legal process that allows a person to manage their debts, pay off financial obligations and set themselves up to emerge from the process with a clean monetary slate. There are two main types of...
