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…
If you are filing bankruptcy in Kentucky, your attorney must have an accurate record of your debts and property. Don’t leave property or debts out because you intend to pay it or you co-own the property. Fraud is Not Listing Debts, Transferring Property, and Income Tax Debts You can only exempt and keep property that is…
Do you know about zombie debt collectors? Try to imagine this scenario. First, you’re served with a lawsuit in Kentucky. But, this is after you file bankruptcy for a debt that is 20 years old which you might not remember. Now, some attorneys and companies are suing you. So, you ignore it and they get…
Below are some examples of when the bankruptcy court and sometimes the debtor has the ability to void liens. We invite you to continue reading to learn a few of the ways bankruptcy, in some instances, actually voids liens and mortgages. How Bankruptcy Voids Liens and Mortgages • Case Examples ⎆ Brock v. Branch Bank…
Over and over again we hear the same comment from our clients that attempt loan modification. “Every time I speak with the mortgage company, I get a different person who tells me something different.” “I sent in my paperwork three times because they couldn’t find it.” “I sent in my paperwork only to be told…