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...
Has Debt Taken
Over Your Life?
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...
Payday loans can leave you in need of debt relief
There are a lot of financial stressors in life. In the blink of an eye you might lose your job, dissolve your marriage, suffer a costly injury, or be subject to the onset of a devastating illness. Any of these scenarios can be financially devastating, and it might...
Rebuilding credit after bankruptcy
A Chapter 7 bankruptcy can liquidate debt and provide a financial fresh start. But this may come with worries that decent credit may never be reestablished after bankruptcy. There are ways, however, to rebuild credit. First, keep in mind that your credit may have...
Credit card debt at its all-time high
There are many reasons why consumers in Kentucky and elsewhere reach for their plastic to pay for things even when they have money in the bank. Maybe it is the rewards perks that drives this spending. Possibly, it is the incentive that one will not have to pay any...
Cash-back credit cards could increase your debt
While there are many ways to put money back into your pocket, spending money is not the best method to do this. Credit card companies seek to not only normalize the daily use of charge cards, but they also seek to increase the spending of consumers in Kentucky and...
