When you choose to seek bankruptcy protection in Kentucky, one of the more important decisions accompanying this choice will be the chapter you choose to file under. You might immediately see some of the benefits of filing under Chapter 7 (by far the most popular form...
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Bankruptcy
Important differences between Chapter 7 and Chapter 13 bankruptcy
If you have a mortgage, car or retirement account in Tennessee, you may hesitate to file for bankruptcy, fearing the loss of your property. Unlike many of the myths surrounding this process lead you to believe, you can often keep many of your assets. According to the...
Understanding how Chapter 13 works
Consumers who experience serious financial problems may often wonder what, if any, options exist to help them get out of debt. In some situations, filing for bankruptcy may provide that opportunity. Chapter 7 bankruptcy plans may be the most commonly filed, but...
Does bankruptcy or divorce come first?
Financial issues can often lead couples to divorce. In fact, they may have contributed to your marriage’s downfall. As you and your spouse prepare to split, you might find yourself traversing rocky economic terrain and you may feel ready to file bankruptcy. You can do...
Do you qualify for Chapter 7 bankruptcy?
Many people in Kentucky and across the United States struggle with credit card debt, medical bills, mortgages and other expenses. If you are overwhelmed with financial burdens, bankruptcy may be one option to help you emerge with a clean slate. According to the U.S....
Will a court discharge all my debts in bankruptcy?
The discharge of your debts in bankruptcy is an important part of relieving you of your debt burden and enabling you to rebuild your finances. When a judge discharges your debt, it means you are no longer responsible for paying it off. However, you may have some debts...
Is Chapter 13 bankruptcy a better choice than Chapter 7?
If you have financial troubles that have led to you falling into debt, you may consider filing for bankruptcy protection. Bankruptcy can allow you to avoid collections, resolve your debts and get your credit back on track. You will generally choose between Chapter 13...