Bankruptcy can be a huge relief when you have too much debt. If you cannot get your head above water, filing bankruptcy in Kentucky enables you to start fresh and get control over your finances again. It is a great solution in many cases. However, there are certain...
Year: 2019
Is it possible to get a mortgage after bankruptcy?
Filing for bankruptcy in Kentucky may be a way to overcome significant debt, but there are potential long-term consequences that may affect your decision. Many people think that it is not possible to get a mortgage after filing for bankruptcy. Fortunately, that belief...
Will I ever have good credit after a bankruptcy?
If you are like a lot of people who live in Kentucky and are struggling to make ends meet, you may have given consideration to filing for bankruptcy. However, you may also be concerned about the long-term impact of a bankruptcy on your credit report. The reality of...
How can you file for Chapter 11 bankruptcy?
One of the most complex forms of bankruptcy is Chapter 11 bankruptcy. Most of the time, businesses utilize Chapter 11 bankruptcy, but consumers and individuals can use it too. This form of bankruptcy allows for you to restructure your debt and pay it back over a set...
The rules about filing multiple bankruptcies over a lifetime
Deciding to file for bankruptcy can be a difficult choice, but sometimes it is necessary if you are drowning in unmanageable debt. Usually when people file their first bankruptcy, they probably think it will be the last. Unfortunately, in a time when debts are...
Medical expenses may contribute to a rise in elderly bankruptcy
Many people in Kentucky view bankruptcy as a sign of financial failure. Some may even tie it to their overall self-worth or feelings of personal success. The truth is that people do often find themselves in a downward financial spiral due to terrible spending habits...
Is it better to pay off debt first, or save money?
While considering whether you should file for bankruptcy in Kentucky, you may also attempt to start renovating your financial house. Should you begin by saving up money first, or paying off your debts? Money Crashers may help you reach a satisfying answer to this...
What is the bankruptcy means test?
Kentucky residents like you who are considering filing for Chapter 7 bankruptcy will have a number of steps to go through first. Today, we at Marcus H. Herbert & Associates will discuss what the bankruptcy means test is and why it is crucial to those applying for...
The real reasons consumers file for bankruptcy
For consumers in Kentucky, the attitude is often that only irresponsible spending can lead to bankruptcy. What many do not realize is that there are things outside of a person’s control that can lead to overwhelming debt and smothering calls and letters from...
Should you opt for credit counseling?
If you are a Kentucky resident and feel as if you are swimming in debt you have no control over, there is no reason to think you must handle it all on your own. You have options and people who can help you. One of those options is bankruptcy, although many consumers...