Those people in Kentucky researching the potential of filing for personal bankruptcy quickly learn that there are a number of options available to them. The most popular of these is to file in Chapter 7 (indeed, according to the American Bankruptcy Institute, over 76%...
Has Debt Taken
Over Your Life?
Bankruptcy has increased among the elderly
As one of the largest generations in American history ages, new trends among older adults spring up. People are living longer and hence they have new problems that did not face previous generations. Bankruptcy, for instance, is no longer a tool for younger adults. A...
How soon may I start rebuilding my credit after bankruptcy?
A Kentucky bankruptcy does not mean the end of obtaining credit cards, loans and mortgages. As noted by U.S. News and World Report, you may find offers in the mail to apply for secured credit in about one month after your bankruptcy discharge. Before filling out a...
3 surprising facts about personal bankruptcy
There should be more to life than an ongoing struggle for financial security. If you are struggling to pay your monthly bills, you may be thinking about filing for bankruptcy. Before you do, you should have as much information as possible. Here are three surprising...
7 Famous People Who Succeeded After Bankruptcy
Many people who struggle with debt avoid filing for bankruptcy because of the associated stigma. In fact, bankruptcy provides a chance to clear or reorganize debts and begin on a clean financial slate. These seven well-known individuals are prime examples of the...
Some credit cards can help you rebuild your credit
People who have recently filed for bankruptcy or just had their debt discharged may not think of applying for a credit card. In fact, credit card debt may have been a major contributor to their overwhelming finances. According to USA Today, credit card debt in the...
What are the differences between the two types of bankruptcy?
There are different types of bankruptcy to help struggling consumers in different situations. Because of the help they can provide, struggling consumers considering bankruptcy should be familiar with the different personal bankruptcy options and how they can help...
Bankruptcy and mortgage
There are many options if you are face overwhelming financial debt. Filing for bankruptcy may provide a fresh start but can impact your eligibility for getting a mortgage. There are ways to overcome these obstacles, however. Impact Chapter 7 is the most common...
How soon can you buy a house after declaring bankruptcy?
Many Louisville area residents have had financial problems in their life. There are so many circumstances that can arise, at no fault of the individual, where their financial circumstances can change seemingly overnight. An unexpected medical condition, for example,...
How can the automatic stay during bankruptcy protect me?
Personal bankruptcy options provide a variety of important protections to filing parties. One of the most valuable protections is the automatic stay which is why those considering bankruptcy should understand the ways the automatic stay may be able to protect and help...
