If you’re asking yourself the question, “should I file bankruptcy?”, you’re in the right place. I invite you to continue reading to determine if bankruptcy is right for you. Should I File Bankruptcy? People file bankruptcy for a lot of good reasons. You will also find that large businesses do this regularly. However, for individual…
The timing that goes into when to file bankruptcy is everything. That’s why you must educate yourself about bankruptcy time limits and filing periods. It hurts a lot less and is less stressful if you know what to do and when to do it. Bankruptcy Time Limits and Filing Periods Educating yourself to know what is…
Foreclosure or repossession often has a greater impact on your credit score than bankruptcy. Although bankruptcy may decrease a good score by 100—150 points, bankruptcy will often allow a poor credit score to improve over time after discharge. A foreclosure will prevent you from financing a home for three years, but bankruptcy will only prevent…
For a bank, foreclosure is a business decision. While the foreclosure is going on, the mortgage company will only give you information that is in their best interest. The homeowner should make this a business decision too. Louisville Kentucky Foreclosure Defenses If you face foreclosure in Kentucky, you have two basic options. Delay the mortgage…
Some Chapter 7 cases discharge student loans but the best solution is Chapter 13 for when an individual owes less than $360,000. Although a Chapter 7 or Chapter 13 bankruptcy student loan discharge is difficult, filing might make the debt noncollectable. Bankruptcy Options for a Student Loan Discharge Filing Chapter 13 normally makes a student…
Yes, it is hard to bankrupt student loans. In fact, we think that some judges go beyond the standard. Also, federal bankruptcy courts sometimes grant bankruptcy student loan discharges based on section 523(a)(8)’s “undue hardship” standard. However, while some courts allow attorneys and doctors to discharge a student loan, others are harsh. Student Loan Bankruptcy…