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June 2017 Archives

Chapter 7 bankrutpcy can provide financial recovery

Some things in life can be controlled. For many Kentucky residents, it is possible to control how much they spend on the extras like eating out and going to the movies. This ability to control expenses goes a long way in helping to curb credit card debt. However, other things in life, such as medical expenses, often cannot be controlled as easily. In this case, when things get out of hand, Chapter 7 bankruptcy may be the way to bring personal finances back under control.

Chapter 13 bankruptcy or debt consolidation?

Credit card debt can quickly add up. A new skirt here, dinner out there, and the end result can easily be hundreds of dollars in unplanned purchases. This on top of minor financial set-backs, and the average Kentucky consumer suddenly finds himself or herself thousands of dollars in debt. For some, budgeting is the answer; however, others will need to look at more extensive measures such as debt consolidation or perhaps Chapter 13 bankruptcy.

Chapter 7 bankruptcy and credit card debt

On almost a daily basis, the Kentucky consumer can open the mailbox and find yet another credit card offer. Some offer cash back on purchases, and others offer free airline miles. Many times, the introductory interest rate is extremely low; however, in a very short period of time, that will likely change. The constant influx of credit card offers often serves to make the use of credit cards attractive to the typical consumer. In the end, credit cards can be a problem for some and Chapter 7 bankruptcy may be the best option to get out from under their crushing debt.

Chapter 13 bankruptcy can help one become more financially stable

It is easy to get behind financially. For some Kentucky residents, one or two unexpected expenses can wreak havoc on the budget. In such circumstances, there is no way to pay everything that is due. This often causes one to get further and further behind with no way break the cycle. Fortunately, Chapter 13 bankruptcy offers a way to make the necessary changes and become financially stable once again.

Exemptions and Chapter 7 bankruptcy

Filing for bankruptcy could be the best financial decision that a Kentucky resident makes. Although the decision often brings with it a certain degree of uncertainty and emotional concerns, it provides the individual with the financial relief needed to start over financially. For many, Chapter 7 bankruptcy is the solution to what has become an overwhelming financial dilemma.

Chapter 13 bankruptcy may be appropriate option

Life happens. People get sick, and bills pile up. The simple fact is that almost every Kentucky resident will face a financial crisis at one time or another. For some, filing for either Chapter 7 or Chapter 13 bankruptcy is the answer.

Chapter 7 bankruptcy -- escape from the debt cycle

At some point, it is time to face reality. The credit card debt continues to escalate and the reality is that it will take what seems like a lifetime to make it go away without help. For many Kentucky residents, debt has become an overwhelming burden fueled by student loans, credit card and other types of debt. Fortunately, Chapter 7 bankruptcy offers a way out of this vicious debt cycle.