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Large Retail Bankruptcy News: “Sleep Outfitters” Files for Bankruptcy

Posted on January 12, 2019 - 2:33 pm by Bunch & Brock

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. […]

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Buying a House after Chapter 7 Bankruptcy

Posted on January 11, 2019 - 4:21 pm by Bunch & Brock

After receiving a bankruptcy filing discharge in Kentucky, it is time to look forward. One of the best reasons to file bankruptcy is to leave past problems behind and move toward a fresh start. You will be free of the burden of unmanageable debt, but you will also face the challenge of a lower credit […]

What are the Chapter 7 exemptions in Kentucky?

Posted on December 6, 2018 - 9:43 pm by Bunch & Brock

Kentucky Bankruptcy Exemptions Help You Get a Fresh Start The purpose of filing for Chapter 7 bankruptcy is to get a fresh start financially, and Kentucky bankruptcy exemptions are one way to help you do so. These exemptions keep you from being left destitute and allow you to start over with enough essential property to […]

Can I Keep My Car If I File Chapter 7?

Posted on November 9, 2018 - 2:59 pm by Bunch & Brock

If you are thinking about filing for Chapter 7 bankruptcy relief, you probably know this involves “liquidation,” or selling of property, to pay back debts. This is naturally worrying, especially when it comes to the property you need, such as a vehicle you use for transportation. Many pre-bankruptcy clients wonder, “Can I keep my car […]

How to Confront Unpaid Loans with a Bankruptcy

Posted on October 25, 2018 - 2:19 pm by Bunch & Brock

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 Bunch & Brock

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. […]

Debt Avalanche vs. Debt Snowball – Two Methods to Prioritize Debts

Posted on August 27, 2018 - 7:36 pm by Bunch & Brock

If you are making minimum monthly payments on a mountain of debt, it may seem impossible to imagine a debt-free future. A debt reduction plan such as “debt avalanche” or “debt snowball” can help you pay down and eventually get rid of your financial obligations. These methods involve paying off creditors one at a time, […]

Beware These Warnings Signs of Financial Catastrophe

Posted on July 9, 2018 - 3:43 pm by Bunch & Brock

Many people experience an occasional setback that impacts their bank balance. In fact, in today’s economy, it isn’t unusual to find yourself struggling to make ends meet. But, it is important to do all you can to avoid a financial meltdown — a scenario that can bring long-term consequences. The key to avoiding financial catastrophe […]

What Success Stories Tell Us About Getting out of Debt

Posted on May 21, 2018 - 6:50 pm by Bunch & Brock

Falling into debt is one of the most overwhelming situations anyone can face. As the interest accumulates and the bills pile up, it’s easy to feel like there is no way out. However, debt doesn’t have to ruin your life. One of the best ways to figure out how to get out of debt is […]

You Have the Tools to Rebuild Your Credit

Posted on April 23, 2018 - 2:00 pm by Bunch & Brock

Maybe you’re the type of person who obsesses over their credit score. Or maybe the mention of the term causes you to space out from boredom. Regardless of how much you care about your score, it exists, and it’s a key part of how you’re evaluated by financial institutions. You’ve likely heard about the impact […]

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Category: Bankruptcy

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