When you make the decision to file bankruptcy in Louisville you will surely have a lot of questions that arise. One common question is whether or not your spouse is required to file bankruptcy if you do. Although it is quite common for spouses to file together, usually because they acquired debts together, it is…
If you have made the difficult decision to find relief from excessive debt by filing for bankruptcy in Louisville, there is a good chance that you may also be behind on your rent and facing eviction. When you file your bankruptcy petition the court will issue an automatic stay. The automatic stay typically prevents creditors…
Filing for bankruptcy in Louisville may lead you to believe that all of your debts will be automatically discharged. While this is the case with most of your debts if you file a Chapter 7 bankruptcy, it is not the case with your student loans. You must formally petition the court to discharge your student loans…
Navigating the bankruptcy process in Louisville, Kentucky can be difficult and somewhat confusing as you will encounter terms that are hard to understand. If you are considering filing Louisville Kentucky bankruptcy, it may help to know what the most common bankruptcy terms are and what they mean to you. Adversary Proceeding: An adversary proceeding is…
Once you file a Chapter 7 or 13 bankruptcy in Louisville Kentucky, your case is assigned to a trustee. The trustee’s job is to oversee your bankruptcy process from start to finish. This includes investigating your assets and dispersing money to your creditors. The trustee essentially makes sure you are not hiding anything, and reviews…
In Breckinridge County, Kentucky, and anywhere else in the US, it may be time to consider filing bankruptcy if you are struggling to pay your bills and you seem to fall farther and farther behind. All too often people who could benefit from the protection offered by bankruptcy hesitate to consider bankruptcy as a solution…
In the days of old, a debtor faced debtor’s prison if he was unable to pay his debts. Thankfully, those days are no more. Instead, we take a more practical, and humane, approach to situations where a debtor cannot pay debts. In Kentucky, as well as other states, a debtor may file for protection from…
For most people, the decision to file for bankruptcy in Louisville, Kentucky is one that is made after lengthy contemplation and consideration. Most people try numerous alternatives first before finally deciding that bankruptcy is the best, or only, option available to resolve their financial problems. One of the many concerns that often cause a debtor…
If you are struggling every month to pay your bills yet you seem to be falling farther and farther into debt, filing for bankruptcy protection may be the best long-term solution. Although it is usually not an easy decision to make, bankruptcy may be your best option. Once the difficult decision to at least consider…