Bankruptcy Time Limits and Filing Periods
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 […]
Kentucky Deed in Lieu of Foreclosure Law
A deed in lieu of foreclosure only means you automatically and immediately lose possession of the home. A deed in lieu will not normally be accepted when there are other liens against the home or a second mortgage. Rather, each lien and mortgage has to agree to release their lien. Moreover, you have to get […]
Credit After Foreclosure Bankruptcy
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 […]
Louisville Kentucky Foreclosure Defense
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 […]
Student Loan Discharge Through Bankruptcy
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 […]
Student Loan Bankruptcy Qualifications
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 […]
