Month: January 2019

The “Sleep Outfitters” retail chain has petitioned Kentucky courts for Chapter 11 bankruptcy protection. On January 11, 2019, Sleep Outfitters, a subsidiary of Innovative Mattress Solutions, LLC,   filed for bankruptcy in  the U.S. Bankruptcy Court for the Eastern District of Kentucky, Lexington Division. Similar, large retail bankruptcy filings have become increasingly commonplace in recent years. There were 16 significant retail filings in 2018 and, as of early February, six more in 2019. Sleep Outfitters’ Bankruptcy Case In this case, Sleep Outfitters sought to borrow funding in order to continue business operations as the company looks […]

Once you have achieved a Chapter 7 bankruptcy discharge, it is time to look forward, where you’ll see  opportunity ahead. You will be free of the burden of unmanageable debt — but will also face the challenge of a lower credit score. If buying a house after Chapter 7 bankruptcy is your dream, this is a potentially achievable goal.  Many people are surprised to learn they may qualify for a post-bankruptcy mortgage much sooner than expected. Credit Issues After Chapter 7 A Chapter 7 bankruptcy will stay on your credit report for 10 years, with […]