Bankruptcy

Repaying student loan debt is a struggle many Americans are familiar with. Collectively, 45 million borrowers owe nearly $1.6 trillion. If you are among these borrowers and are feeling financial pressures from other sources, you may wonder whether filing bankruptcy...

While no one wants to file bankruptcy, doing so can give you a fresh financial start. After your proceedings, you can start thinking about ways to manage your money better than before. If your bankruptcy stemmed from credit card debt or unpaid loans, you may consider...

One of the key factors that separate Chapter 13 bankruptcy from Chapter 7 bankruptcy is the obligation for ongoing debt repayment in Chapter 13 bankruptcy. The person filing will need to create and complete a repayment plan, paying toward their debt for three to five...

Many people take different approaches to the ways in which they address their debt. Some individuals may think they can handle their financial liabilities on their own over time and do their best to explore their options for following that route. On the other hand,...

With a massive amount of debt including loans and credit card payments, many consumers might think that bankruptcy is the solution to getting back on the right financial track. When collectors continue to call and it seems like there is no way to get out from under...

You may consider yourself financially comfortable at the current time. You may have enough to make ends meet, provide yourself and your family with a treat now and then, and have some money put away in savings. However, is feeling comfortable enough to keep possible...

In 2016, 766,000 Americans filed for bankruptcy, and there are many reasons why a person could choose to do so. For instance, Kentucky residents could experience a job loss or a medical bill that they can't afford to repay. Those who choose to file for bankruptcy...

People in Kentucky who are struggling with debt might hesitate to file for bankruptcy because of fears about being unable to rebuild their credit. However, according to one study by Lending Tree, nearly two-thirds of people who filed for bankruptcy had achieved a...

People in Kentucky who are struggling with debt may file for Chapter 7 or Chapter 13 bankruptcy based on their income. With Chapter 7, a person's assets are liquidated to pay off creditors although some assets may be considered exempt. With Chapter 13, a person may...

Many people in Kentucky are currently living with some amount of credit card debt. This isn't unusual as many households throughout the U.S. use credit cards to manage their personal finances. However, when credit card debt becomes unmanageable, people may need to...