Many Kentucky consumers file for bankruptcy when they see no way out of mounting debts. One type of bankruptcy is Chapter 13, which involves a repayment plan that lasts between three and five years. Debts get divided into unsecured, priority unsecured and secured....

One of the most personal areas of an individual's life is their finances. When times get tough and paying debts becomes almost impossible, filing for Chapter 13 bankruptcy in Kentucky is often the only way out. Because it is such a big decision to make, however, you...

Filing for Chapter 13 bankruptcy may be an effective way of eliminating some or all of your unsecured debts. In many cases, you can retain possession of your Kentucky home or other property throughout the repayment period. An overview of reorganization bankruptcy To...

For most people, the goal of filing for bankruptcy is to have their debts discharged. In some cases, Kentucky residents and others will need to liquidate or otherwise surrender assets in exchange for having debt balances wiped away. However, it is possible for a...

Individuals in Kentucky and throughout the country who file for Chapter 13 bankruptcy have the opportunity to repay creditors over a period of three or five years. The length of their repayment plan will depend on the amount of disposable income they have. During a...

While bankruptcy may be an effective way for Kentucky residents and others to reorganize or eliminate debt, there are limits to how often a person can file. In some cases, those who egregiously abuse the bankruptcy system may be barred from using it again after their...

Some Kentucky consumers choose to file Chapter 13 bankruptcy petitions instead of Chapter 7 petitions either because they do not pass the means test or because of the types of debts that they owe. Unlike Chapter 7 bankruptcy, Chapter 13 includes a payment plan that...

Filing for bankruptcy does not always mean that a person has to surrender all his or her assets, including a new car. Kentucky residents might be relieved to learn that a Chapter 13 bankruptcy offers three options to help them keep their car. One way that a Chapter 13...

For most people, bankruptcy is a last resort; however, Kentucky residents who are struggling to pay their bills may feel that they have no other option. Filing bankruptcy is not an easy decision, but it could provide much-needed debt relief. There are three types of...

There is a mistaken impression among people owing student loans that bankruptcy will provide them no benefits. Indeed, you will likely never be able to discharge such loans in their entirety. However, as one particular news article mentions, it is still possible to...