Approved Chapter 7 & 13 Budgets
Bankruptcy Overview Bankruptcy gives individuals and businesses a fresh start by eliminating or restructuring their budgets and debts. There are five types of bankruptcy, but consumers primarily file Chapter 7 and Chapter 13. A sample of a 2015 budget is below, but remember to always use your actual expenses in your budget. People often forget […]
Keeping Your Inheritance in Bankruptcy
You may be able to keep an inheritance in bankruptcy or funds from a lawsuit if you know how to exempt it or if you know how to time the filing of your bankruptcy according to the bankruptcy code. Whether you file for Chapter 7 or Chapter 13 bankruptcy also determines whether or not you […]
CHAPTER 13 MODIFICATION, CONVERSION, REFILING AND EARLY DISCHARGE • VIDEO
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 […]
How Much Does it Cost to File Bankruptcy in Kentucky?
The price to file for bankruptcy in Kentucky for Chapter 7 is $338, and for Chapter 13, it is $313. Still, the answer to this question becomes more nuanced if you decide whether to file for bankruptcy with an attorney or try to waive the filing fees. A person already finding it challenging to […]
Louisville Kentucky Panel Trustees in Western Bankruptcy Court
The Purpose of Panel Trustees Louisville, Kentucky in Bankruptcy There are two very different Trustees in every bankruptcy case. The trustee is the only Panel Trustee in Louisville Kentucky and Western District that you will typically see during your case. The Chapter 7 panel trustee will conduct your 341 hearing and makes a report to […]
Stripping a Mechanics Lien Kentucky in Bankruptcy
Do you want to know how to strip a Kentucky Mechanics Lien? Interestingly, mechanics’ liens are similar to junior mortgages in bankruptcy. It is difficult to impossible to strip a statutory lien like a judgment lien. However, for a Kentucky mechanics’ lien to be valid, the person filing the mechanic’s lien must take the proper […]