Home equity can I declare bankruptcy?

Recently, on our bankruptcy forum a user asked, “I was told that if I have equity in my home I cannot declare bankruptcy. Is this true? What are my options if I own a home?”

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Wage garnishment can I file bankruptcy?

If you have a wage garnishment this means a creditor has most likely gone to court, received a court order, and been awarded a percentage of your earnings each month (a court order may not be needed for certain debts such as tax debt, child support payments, or federal student loan debts). Most wage garnishments will remain in place until the loan is completely paid. Recently on our bankruptcy forum a user asked, “Can I file bankruptcy if I have a wage garnishment?”

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Kentucky Bankruptcy What Property Can I Keep?

If you are considering filing a Kentucky bankruptcy you may be concerned that all of your property will be liquidated or you will lose your home or car. Recently on our bankruptcy forum a user asked, “If I am filing a Chapter 7 Kentucky bankruptcy can I keep my house and car?”

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Texas bankruptcy can I save my home?

One of the most common questions Texas bankruptcy filers ask is, “How can I protect myself in a Texas bankruptcy and keep my home?” The good news is bankruptcy laws protect certain property regardless of whether you file a Chapter 7 or Chapter 13 Texas bankruptcy.

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Chapter 13 bankruptcy can I file?

Although Chapter 13 bankruptcy is available for many debtors, there are specific requirements the debtors must first meet. Filing Chapter 13 bankruptcy allows debtors to complete a three or five year debt repayment plan and repay their creditors all or a portion of what they owe. Unlike Chapter 7 bankruptcy, which allows debtors to immediately discharge debts, if you file Chapter 13 bankruptcy you will not have your unsecured debts immediately discharged.

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Kentucky Chapter 7 bankruptcy do I qualify?

Given the complexity of bankruptcy laws it’s not always easy to understand your bankruptcy options. Recently on our bankruptcy forum a user asked, “If I am single and live in Kentucky and I make $78,000 per year can I file a Kentucky Chapter 7 bankruptcy?”

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Can creditors take my income tax refunds?

If you are expecting a tax refund and owe creditors you may be able to protect your tax refund, but it will depend on whether your debt is owed to a private creditor or to a federal government agency. Recently on our bankruptcy forum a user asked, “Does a creditor have access to my tax refunds?”

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Better life will bankruptcy give it to me?

Filing bankruptcy is a serious financial decision. Before filing Chapter 7 or Chapter 13 bankruptcy you need to understand what it will and will not be able to do for you. Recently on our bankruptcy forum a user asked, “I am considering filing bankruptcy, but I want to know if it will really help me live a better life?”

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Overdue bills and I missed mortgage payments help!

Not having the ability to repay debt obligations is frustrating, not only for you, but also for creditors. If you are facing a financial crisis or you are not able to repay your debts there are certain steps you should take. Recently on our bankruptcy forum a user asked, “My bills are overdue and I missed mortgage payments, what next?”

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Bankruptcy fees and payment plans?

Although the cost to hire a Chapter 13 bankruptcy attorney can vary by district and state, the good news is bankruptcy courts have guidelines which allow them to review and approve fees. Chapter 13 bankruptcy lawyers also must disclose the fees they charge, and the court has the authority to decide whether or not the fees are unreasonable. In some cases, if the court determines the fees paid have been too high, they will also make the lawyer return all or a portion of the bankruptcy fees.

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