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April 2019 Archives

Chapter 7 just one way to handle debt

For many Americans, debt is an unfortunate reality of day-to-day life. Here in Kentucky and elsewhere in the nation, credit card debt levels have soared over the $1 trillion mark, leaving many families in financial hot water. Thankfully, a number of strategies exist to help individuals mitigate debt. For those who struggle with large sums of debt, Chapter 7 bankruptcy remains an option as well. 

Consolidating credit debt ahead of Chapter 7

With Americans cresting over $1 trillion in credit card debt as of this year, it is unsurprising that debt is one of the most stressful elements of day-to-day life for many households. Here in Kentucky and elsewhere, families struggle to overcome high levels of unsecured debt. Several options exist for them to be able to escape the specter of debt, including consolidation and even Chapter 7 bankruptcy. 

4 signs that point to bankruptcy

If your debt has become too much to handle and you have found yourself falling behind in the payments for your car, house and credit card bills, you might be wondering if there is any way out of the predicament. You are not alone in such a struggle. You probably have friends, family or neighbors in Lexington who are also struggling with debt.

Handling credit card debt before Chapter 7

Most American families carry a significant debt load. Here in Kentucky and elsewhere throughout the nation, individuals carrying credit card debt may be looking down the barrel of serious interest payments. Thankfully, there are a variety of ways to handle credit debt, from consolidation to Chapter 7 bankruptcy. 

Reducing debt ahead of Chapter 7 filing

With spring rapidly arriving across America, many families take the opportunity to clean house after a long winter and holiday season. Here in Kentucky and elsewhere around the nation, financial advisors suggest many people could stand to "spring clean" their debt load as well. Credit card debt is one of the most destabilizing forms of unsecured debt that can put an individual or family in a precarious financial position. Before choosing to file for Chapter 7 bankruptcy or an equivalent, there are other steps that can be taken to sweep away lingering debt. 

Chapter 7 just one way to end credit card debt

The end of 2018 saw U.S. credit debt at its highest levels in history, capping out at some $870 billion, according to the Federal Reserve Bank. The previous record was back in 2008 during the height of the financial crisis, but this year, the numbers swelled thanks to a glut of holiday spending both here in Kentucky and around the country. For some families, this means it's time to tighten up a budget and curb spending, but for others, this could mean crippling debt. Thankfully, there are a variety of options available to those in need, including debt restructuring and Chapter 7 bankruptcy. 

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Law Office of Ginger C. Cord, PSC
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Lexington, KY 40507

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