Home ownership remains part of the American dream. Most people work hard for several years before they are in a position to purchase a home. If that dream is threatened because a homeowner falls on financial hard times it can be devastating. If you are at risk of losing your home because you are struggling…
When most people consider filing bankruptcy, they are mainly concerned with resolving their financial problems. While they may not understand the entire bankruptcy process, most people do know that bankruptcy erases debt and provides debtors with a fresh start. Topics covered in this report include: Protecting Assets by Stopping Foreclosures, Repossessions and Garnishments Finding the…
Most people who face financial difficulties go to great lengths to avoid filing for bankruptcy protection. People often avoid bankruptcy because of the numerous myths and incorrect information they have heard about bankruptcy. All too often, significant, valuable, assets are lost along the way as a debtor tries to handle the financial crisis without turning…
Chapter 11 bankruptcy is a form of bankruptcy that is typically used by businesses. The name refers to the chapter of the bankruptcy code that describes the requirements to file and operate under these regulations. Chapter 11 allows businesses to work out a plan to repay creditors and eliminate debt while still conducting business. The…
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…