How to Confront Unpaid Loans with a Bankruptcy

Posted on October 25, 2018 - 2:19 pm by Caryn Belobraidich

Filing for bankruptcy can eliminate many types of outstanding debt, including credit card balances and medical bills; but what about loans for big-ticket items like a car, house, or furniture? A vehicle loan, a home mortgage, and a payment plan for merchandise may also be some of the loans with a bankruptcy that are dischargeable, […]

Bankruptcy Dismissal vs. Discharge – There’s a Huge Difference Between the Two

Posted on October 15, 2018 - 8:00 am by Caryn Belobraidich

Bankruptcy “dismissal” sounds a lot like bankruptcy “discharge,” but these two terms have very different meanings. It is important to understand this and to ensure you end up on the right side of the court ruling. A dismissal may mean you lose bankruptcy protection and remain accountable for debts you had expected to be discharged. […]

Protecting Your Firearms During Bankruptcy

Posted on May 17, 2017 - 5:38 pm by Caryn Belobraidich

If you are faced with a bankruptcy in the state of Kentucky, there are a few items that are allowed to be kept during this time. One of these items is firearms. Although guns must be listed as assets in bankruptcy, gun collections are usually exempted under the Wildcard exemption, so you might be able […]

Bankruptcy and Income Tax Refunds: What You Need to Know

Posted on March 16, 2017 - 3:16 pm by Caryn Belobraidich

This year, both the Easter Bunny and the Tax Man will make their rounds after the traditional April 15 tax filing deadline. The date can’t be on a weekend, and Emancipation Day is observed in Washington, D.C., on April 17. These circumstances push the cutoff to Tuesday, April 18, giving taxpayers three days more than […]

New Bankruptcy Bar Date Drops from 120 Days to 70 Days

What is a Bankruptcy Audit?

Posted on February 8, 2017 - 1:54 pm by Caryn Belobraidich

The word “audit” tends to strike fear (or at least mild apprehension) in the heart of every taxpayer, but the Internal Revenue Service isn’t the only government entity that can use its official powers to investigate citizens and their paperwork. The United States Trustee Program (USTP), part of the Department of Justice, oversees the administration of […]

Sued by Creditors?

Posted on February 8, 2017 - 1:46 pm by Caryn Belobraidich

Collection lawsuits can be costly and time-consuming, so many creditors look for alternative debt repayment. They will repossess the collateral, stop providing the service, or accept reduced payments. While not all creditors turn to the courts to collect on an overdue debt, they do retain that right and may choose to pursue legal action if […]

Help! I’m in Bankruptcy and Just Inherited Property. What Happens Next?

Posted on February 3, 2017 - 6:49 pm by Caryn Belobraidich

They say timing is everything, and that is certainly true when it comes to bankruptcy. What you own and what you owe must be listed in the schedules that you file with the bankruptcy court. But what about income or assets that come your way while your case is pending? Whether anticipated or not, the […]

Why You Shouldn’t File Bankruptcy on Your Own

Posted on November 21, 2016 - 9:34 pm by Caryn Belobraidich

Bankruptcy makes a long-term financial and legal impact on your life. Not to mention the emotional toll it takes, having to decide whether it’s even the wisest course of action, having to go through the process, then having to essentially start your financial life over again. Filing for personal bankruptcy under Chapter 7 or Chapter […]

Discharging Tax Debt in Bankruptcy

Posted on October 28, 2016 - 2:33 pm by Caryn Belobraidich

If you have outstanding tax debt and are facing serious financial problems, you may be considering the option to file for bankruptcy. However, if you’re hoping to have some or all of your tax debt discharged, it’s important to understand that contacting Bunch & Brock is probably your best bet because we analyze whether your […]

Do I Have to File Bankruptcy with My Spouse?

Posted on September 23, 2016 - 3:38 pm by Caryn Belobraidich

We get this question a lot. After all, one of the cornerstones of marriage is sharing. While the short answer is no, you do not have to file bankruptcy with your spouse, the more convoluted legal answer is heavily dependent on your personal circumstances, because there are situations where both spouses filing for bankruptcy is […]

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