Month: June 2019

If you have accumulated more debt than you can reasonably afford to pay, filing for bankruptcy is often the best option. When you file for bankruptcy, you are able to get out from under the debt and ensure a better financial future for yourself and your family. However, the bankruptcy will have a negative effect on your credit score. Fortunately, you can take steps to rebuild your credit after bankruptcy. If you’ve gone through a bankruptcy or are likely to go through one in the near future, it’s important for you to know how to […]

If you’re thinking of filing for Chapter 7 bankruptcy, you probably already know that the standard process is to liquidate (sell) your property. Property exemptions allow you to protect some of your property from being liquidated to repay your creditors. In Kentucky, you have the option of choosing between federal and state exemptions when you file for Chapter 7 bankruptcy. The federal exemptions are generally more favorable to you than the state exemptions, so in the list below you’ll find a list of the federal exemptions that can apply to your Chapter 7. Chapter 7 […]