This is a library of free resources for people filing for bankruptcy. Do you need help with your Chapter 13 bankruptcy? I am here to help you. Contact my office right away. Nick C. Thompson, Attorney: 502-625-0905
Bankruptcy is a legal process that provides individuals and businesses with an opportunity to discharge or reorganize their debts and gain a fresh financial start. In recent years, the number of bankruptcy filings in the United States has increased dramatically. In 2021 alone, over 795,000 personal bankruptcy cases were filed, and the trend continues to…
Credit card debt can be a major source of stress and financial burden for many individuals and families. With interest rates often being high, it can be difficult to make a dent in the amount owed, and the debt can quickly spiral out of control. However, if you’re struggling with credit card debt in Louisville,…
When financial difficulties arise, many people in Louisville, ky, may consider filing for bankruptcy as a way to get back on track. However, one primary concern for many people is how bankruptcy will affect their credit report. In this article, I will provide an overview of the different types of bankruptcy available in Louisville, ky,…
Chapter 13 Modification, Conversion, Refiling, and Early Discharge Sometimes a debtor loses income and can’t complete their Chapter 13 plan payments. For instance, what if a debtor is diagnosed with cancer and can’t work and complete Chapter 13? He may need time off from the payments. Four options prevent you from losing the benefits of…
Bankruptcy Child Support & Alimony A Chapter 7 bankruptcy is over in about four months. A Chapter 7 does not affect a divorce property settlement, child support, or alimony collection. However, Chapter 13 does help the person who is owed child support or alimony. Chapter 13 offers a method to more quickly and fully collect…
Interestingly, Chapter 13 is sometimes less expensive than Chapter 7. For instance, Chapter 7 does not have to repay the priority and secured creditors. But, every Chapter 13 bankruptcy plan must repay the priority claims and secured arrearages. Since the interest and penalties are repaid partly for these unsecured debts, Chapter 13 might be less…