Individual bankruptcies come in many shapes and sizes. Most people know a little about the different kinds of bankruptcies, with Chapter 7 bankruptcy being perhaps the best-known. In Chapter 7 proceedings, the person filing may have to liquidate or sell some of their...
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Month: May 2021
How does the repayment period work in a Chapter 13 bankruptcy?
Most individuals who file for bankruptcy will file either Chapter 7 or Chapter 13 bankruptcy. Chapter 7 involves the liquidation of certain assets to repay creditors, followed by the quick discharge of debts. Any secured debts, such as payment for a vehicle, will...
It may be possible to simplify your Kentucky high-asset divorce
High-asset divorces come with many headaches and complications that can't be avoided -- but you may be able to simplify the process to some degree. While you and your spouse may not agree on much right now, you may both be united around the idea that you want to save...
Why being female and Black increases the chances you’ll soon face bankruptcy
Last year — 2020 — was a rough year for a lot of people. Yet, as commercial bankruptcies rose, consumer bankruptcies actually went down. However, many experts think that’s about to change. As people eventually run out of options to stay afloat, they expect bankruptcy...
Kentucky isn’t the ‘drunkest’ state, but drunk drivers still abound
There’s been a lot of news lately about America’s love affair with alcohol. In general, excessive drinking was on the rise in 2020, and it may not have slowed down yet. Aside from the pandemic, where you live may play a role in whether you’re likely to overindulge in...