As previous posts on this bog have discussed, there are many different ways a Louisville business that finds itself in financial trouble can choose to handle mounting debt in the face of sluggish revenue. For instance, under some circumstances, a business owner can...
When you think about filing for bankruptcy, it may seem at first like an overwhelming task. One of your major concerns is sure to be about assets: What will you be able to save? The thought of losing your home, your car or other possessions is frightening, but...
Louisville, Kentucky, residents routinely use Chapter 13 bankruptcy in certain situations where they want to resolve personal debts such as a mortgage or a credit card. However, depending on how they organized their business, small business owners can also use a...
While many Louisville, Kentucky, residents may be under the impression that any type of bankruptcy will stop a foreclosure, such an impression is only true to a certain extent. It is true that a bankruptcy as a rule imposes an automatic stay on creditors, including...
A bankruptcy judge approved the plan of the nationwide retail toy seller, Toys R Us, to pay its top leadership bonuses of up to $14 million, provided they meet certain sales goals, particularly over the Christmas season. After the United State Bankruptcy Trustee...
If you are thinking about filing for bankruptcy, you undoubtedly have many questions. You may have heard of certain terms and need a better understanding of what they mean. One of the terms related to the bankruptcy process is a “341 meeting.” What is...
One of the most important questions in a Chapter 7 bankruptcy proceeding is whether and to what extent a struggling family in Louisville might be able to claim their property as exempt from collection. To understand what exemptions are, on first has to remember the...
