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October 2017 Archives

Chapter 7 bankruptcy often better choice than short-term loan

Financial problems are not just the concern of those seeking employment. All too often, Kentucky residents with full-time employment face moments when it seems impossible to make ends meet. Day in and day out, these individuals spend hours trying to earn enough to pay the bills, but it just never seems to be enough. When this is the case, it may be in the individual's best interest to file for Chapter 7 bankruptcy.

Chapter 7 bankruptcy or Chapter 13 bankruptcy?

The moment has arrived. The Kentucky resident has faced reality and knows that the debt problem must be addressed. Once this happens, there are various options that should be considered. Rather than attempting to refinance the debt or working with debt consolidation companies, many discover that filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy is a more appropriate solution.

Your property might be exempt in Chapter 7 bankruptcy

Harassing creditors, past-due bills and unpayable debts can put tremendous strain on a person who is already struggling financially. Bankruptcy is a trusted and safe option for most people in Kentucky who are facing insurmountable debt, but many have understandable concerns. What property a person will be able to keep during Chapter 7 bankruptcy tends to be a common worry.