When the Great Recession hit, a large number of consumers across the United States lost their jobs. This experience plunged many people into serious debt, contributing to a spike in bankruptcy filings. The ability to file for bankruptcy to get help in these situations was a great relief for them. Today, the growing pandemic may

Filing bankruptcy in Kentucky deserves serious consideration, especially if you have mounting medical debt or experienced a job loss. It can give you a way to get out from under crushing debt and move forward with the rest of your life. However, it is important that you understand how it affects your bank accounts and

Medical debts have contributed to a growing trend of financial hardship for many of Kentucky’s working families. Overall, more than 135 million adults across the nation find themselves struggling because of health care expenses.  As reported by CNBC, co-pays and out-of-pocket costs not covered by an insurance plan are the primary causes behind nearly 67% of the

When people file for Chapter 13 bankruptcy, it is normal to feel both relieved and saddened. They feel relieved because they finally have a plan to get their debt back under control. The sadness comes from the realization that Chapter 13 bankruptcy remains on their credit history for up to seven years. Especially for the

The aftermath of a Chapter 7 bankruptcy can be very stressful. While most people are glad to be done with the court cases, the reality is that your credit is probably in very poor shape and your assets may be few. Most individuals are looking to rebuild their credit at this point and start over,

Having debt collectors come after you at home or at work may prove anxiety-inducing, but if you have fallen behind on your payments to your creditors, this may well be your new reality. It does not necessarily have to be this way, however. You may, depending on circumstances, be able to give yourself at least