Job loss, underemployment, medical bills and significant debt are among the reasons that many Kentucky residents consider bankruptcy. However, you may worry about losing your home if you file. The amount of equity you have in your home might determine the amount of...
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Has Debt Taken
Over Your Life?
Are you facing harassment by a debt collector?
Dealing with debt collectors often serves as a difficult and traumatic experience even when they follow all of the rules. Unfortunately, the Fair Debt Collection Practices Act (FDCPA) ended up implemented because many of them do not. For example, harassing behavior is...
Can a debt management plan help me?
In the event that the majority of your debt comes from credit cards, there are more options for paying it down than you might think. The debt management plan is one option. While this might sound like a general approach to managing money, a debt management plan is a...
What is a balance transfer and can it help me?
Dealing with massive amounts of credit card debt can become very overwhelming very quickly. Additionally, the myriad of options available for managing credit card debt may also be overwhelming. One potential option for paying down your credit card debt is to try a...
Could debt consolidation give you the wrong mindset?
Some people struggling with debt will consider debt consolidation as a way to alleviate their burden. By combining multiple debts into one, it is possible to simplify a debt load and secure a more favorable interest rate or reduce monthly payments. But debt...
Yes, financially responsible people sometimes declare bankruptcy
Even though bankruptcy protection offers a path to financial freedom for many Americans, some type of social stigma often accompanies bankruptcy filings. If either Chapter 7 or Chapter 13 bankruptcy is right for you, you should try not to worry about the opinions of...
Will the bankruptcy trustee take your income tax refund?
If you have decided to file for bankruptcy, you undoubtedly have many questions for your attorney. A particular tax-related question keeps popping up in your mind: Will the bankruptcy trustee gobble up my tax refund or is there a way for me to keep it?...
Common mistakes to avoid before filing for bankruptcy
If you have made the decision to file for bankruptcy, you may breathe a bit easier, but still feel overwhelmed. You might therefore consider taking action in certain ways that could be very damaging. Here are five common mistakes to avoid when you are facing...
Preparation for bankruptcy includes credit counseling
There are projects that will keep you busy as you prepare for bankruptcy. One will involve pulling together documents that will be essential to the filing. As you are organizing your paperwork, you will also need to obtain credit counseling. Entering counseling Before...
Still wondering whether you should file for bankruptcy?
Perhaps a one-time event like a serious illness with staggering medical bills has caused you to fall into deep debt. Perhaps you have just been overspending and those debts have caught up with you. Whatever the circumstances, you know you need to do something, but...
