When a person files a bankruptcy case, the United States Bankruptcy Court issues an order called an “Automatic Stay” Order. This is an order that requires all creditors, including your landlord, to stop all actions related to collecting their debt. The Bankruptcy stay will also stop any eviction actions, as long as a judgment has not yet been rendered. If you file a Chapter … [Read more...] about Can a Bankruptcy Case Stop an Eviction in Louisville?
Bankruptcy may discharge tax liability, but a discharge of taxes is a complicated and technical process. First off, only income tax debt can be discharged, it does not work on sales taxes or employee withholding taxes. The best way to be sure that your taxes will be discharged in a bankruptcy is to talk with an attorney who will check into the circumstances surrounding your … [Read more...] about Dealing with Taxes in Bankruptcy
Yes, a Chapter 13 bankruptcy case can stop the foreclosure sale immediately. In a Chapter 13 case you can catch up on your mortgage arrearage over time as well as deal with your other debts. This is a very powerful tool. If you live in Louisville or its surrounding areas and your home is in foreclosure you should consider Chapter 13 bankruptcy. The bankruptcy automatic … [Read more...] about Chapter 13 Bankruptcy Can Stop a Foreclosure Sale
When it comes to making a decision as to Debt Settlement or Bankruptcy, you should carefully consider the benefits and consequences of both options. Neither decision should be made lightly and they both have repercussions. As a bankruptcy practitioner, I meet with lots of people who have tried debt consolidation using debt settlement companies and have paid large fees to … [Read more...] about Bankruptcy v. Debt Settlement
Federal Reserve says that many Americans are still struggling to get by A number of recent reports are showing that even after the Great Recession officially ended in 2009, many Americans are still struggling to pay bills and save for retirement. According to the Lexington Herald-Leader, the Federal Reserve is reporting that 25 percent of Americans are "just getting by." … [Read more...] about Slower consumer credit growth indicates tough financial times