Category: Bankruptcy

How does the Chapter 13 plan work?

When you decide to file bankruptcy in Kentucky, you will usually choose between Chapter 7 and Chapter 13. If you fail the means test for Chapter 7, you will have to file Chapter 13. You may also choose to file Chapter 13 because it gives you a chance to retain assets, such as your vehicle

What happens in chapter 7 bankruptcy?

If you have been unable to pay off your debts and do not have a windfall coming anytime soon, you may be considering filing for bankruptcy. The two main alternatives that individuals in Kentucky have to decide between are chapter 7 and chapter 13. Here we will examine chapter 7 bankruptcy in order to provide

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