Chapter 7 bankruptcy is one of the two main personal bankruptcy options that Kentucky residents may utilize to eliminate their overwhelming debts. Unlike Chapter 13 bankruptcy, however, Chapter 7 bankruptcy requires filers to have a sufficiently low income in order to...
What is Chapter 13 bankruptcy?
Not long ago, this blog discussed the elements of a Chapter 7 bankruptcy case. Chapter 7 bankruptcy can be an important tool for individuals who find themselves overwhelmed by debt. However, not all debtors may wish to liquidate their assets in order to pay off their...
What are the requirements for filing for Chapter 13 bankruptcy?
Not long ago, this blog discussed the elements of a Chapter 7 bankruptcy filing. Many individuals who use bankruptcy as a means of alleviating their overwhelming financial burdens choose Chapter 7 because it provides a relatively quick method of finding freedom from...
An overview of Chapter 7 bankruptcy
Financial stress and strain can be overwhelming for a Kentucky resident. It can also be incredibly isolating to feel as though a person is alone in their financial fight. Readers of this blog who are pressured by the weight of overwhelming debt and insurmountable...
Bankruptcy is a legal tool to address overwhelming financial debt
No one wants to experience the undeniably stressful feeling of being unable to pay one's bills. As their mailboxes fill up with medical bills, mortgage bills, utility bills and a host of other periodic and one-time costs, Kentucky residents may watch their savings and...
Understanding your credit score
You work hard. You do your best to provide for your family. You do what you can, but sometimes it is hard to keep up. You have bills to pay and mouths to feed. There are necessities that you can't go without. You are doing your best to stay afloat. You want to save...