On behalf of Marcus H. Herbert & Associates | Feb 4, 2020 | consumer bankruptcy
Going through bankruptcy can be a stressful process, whether you choose to do it through Chapter 7 or Chapter 13. However, after the process is over, most people are wondering how they can rebuild their credit. One of the ways that you can improve your credit after...
On behalf of Marcus H. Herbert & Associates | Jan 9, 2020 | consumer bankruptcy
Kentucky consumers who consider filing for bankruptcy rarely consider that getting out of debt will cost them. Yet, bankruptcy is not free. Should you decide that bankruptcy is for you, expect to pay anywhere from a few hundred to a few thousand dollars to rid...
On behalf of Marcus H. Herbert & Associates | Dec 22, 2019 | consumer bankruptcy
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...
On behalf of Marcus H. Herbert & Associates | Dec 18, 2019 | consumer 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...
On behalf of Marcus H. Herbert & Associates | Dec 2, 2019 | consumer 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...
On behalf of Marcus H. Herbert & Associates | Nov 8, 2019 | consumer 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...
On behalf of Marcus H. Herbert & Associates | Sep 20, 2019 | consumer bankruptcy
When the nation’s sixth largest coal producer filed for Chapter 11 bankruptcy protection, the majority of its 1,100 employees in Kentucky did not receive their final paychecks. In protest, five of its former coal miners blocked a train from leaving its plant in...
On behalf of Marcus H. Herbert & Associates | Sep 5, 2019 | consumer bankruptcy
Some debts are discharged as part of many bankruptcies. A discharge of debt under bankruptcy means you are freed from the obligation to pay it. Naturally, knowing when a discharge will go through is one of the top concerns of Kentucky bankruptcy filers. The U.S....
On behalf of Marcus H. Herbert & Associates | Aug 15, 2019 | consumer bankruptcy
Some debts, such as student loans, cannot be discharged under ordinary bankruptcy proceedings. However, bankruptcy filers still have recourse in the event paying off some loans or debts would be too cumbersome to attempt. If you are in this situation, you can make an...
On behalf of Marcus H. Herbert & Associates | May 23, 2019 | consumer bankruptcy
Bankruptcy provides a clean financial slate for those facing crushing debt. But, after the repayment plan is created or debts are discharged, one challenge remains – a problematic credit score. For example, a Chapter 7 bankruptcy will often pull someone’s...
