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Bankruptcy has helped many businesses and communities over the years. Can it help you ?

Posted on October 18, 2018. Filed under: Uncategorized |

Why is bankruptcy an acceptable, legitimate means to try to save your business, home and deal with other debt ?   William D. Cohan, writing in the New York Times, gives us the answer:

“Indeed, for corporations across the country, both big and small, using the bankruptcy process to eliminate unwanted debt and liabilities is such an accepted practice that we don’t really give it much thought anymore. That is the beauty of the corporate bankruptcy process (if you care to look at it that way): Creditors must acknowledge they made poor investments by taking a fraction of their original principal and companies get a second chance.

Why, then, can’t a similar process be put in place to help the millions of American homeowners who for whatever personal reasons — usually no less justifiable than those offered up by G.M. or Chrysler — are unable to make their monthly mortgage payments? Why do the corporate fat cats get a respected and legitimate way to flush their unwanted debts but individual Americans homeowners don’t?”  click here for the full story

Yes, that’s right, American corporations and governments (think Detroit’s bankruptcy and now Puerto Rico) for years have used bankruptcy to save jobs, save companies and help the economy.  American citizens deserve no less !

Read here about Sear’s bankruptcy filing.

Read here about Puerto Rico’s  bankruptcy filing.

Read here about Detroit’s bankruptcy filing.

Contact a bankruptcy attorney today to discuss your options under the law to help with your debt.

Remember, bankruptcy law is enshrined in the US Constitution and is your legal right.

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Bankruptcy Has Helped Sears, General Motors, Donald Trump, Detroit and Puerto Rico: Can it help you ?

Posted on October 17, 2018. Filed under: Uncategorized |

Why is bankruptcy an acceptable, legitimate means to try to save your business, home and deal with other debt ?   William D. Cohan, writing in the New York Times, gives us the answer:

“Indeed, for corporations across the country, both big and small, using the bankruptcy process to eliminate unwanted debt and liabilities is such an accepted practice that we don’t really give it much thought anymore. That is the beauty of the corporate bankruptcy process (if you care to look at it that way): Creditors must acknowledge they made poor investments by taking a fraction of their original principal and companies get a second chance.

Why, then, can’t a similar process be put in place to help the millions of American homeowners who for whatever personal reasons — usually no less justifiable than those offered up by G.M. or Chrysler — are unable to make their monthly mortgage payments? Why do the corporate fat cats get a respected and legitimate way to flush their unwanted debts but individual Americans homeowners don’t?”  click here for the full story

Yes, that’s right, American corporations and governments (think Detroit’s bankruptcy and now Puerto Rico) for years have used bankruptcy to save jobs, save companies and help the economy.  American citizens deserve no less !

This article explains how Donald Trump, now President of the United States, used bankruptcy to his advantage as well.

Read here about Sear’s bankruptcy filing.

Read here about Puerto Rico’s  bankruptcy filing.

Read here about Detroit’s bankruptcy filing.

Contact a bankruptcy attorney today to discuss your options under the law to help with your debt.

Remember, bankruptcy law is enshrined in the US Constitution and is your legal right.

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Large Medical Bills and Bankruptcy

Posted on August 31, 2018. Filed under: Uncategorized |

Often, folks are left with medical bills so high they are unable to pay them off. This recent article describes one such situation.

If you are facing  medical bills and costs that you don’t think you can pay,  bankruptcy may be an option.

Here at Kentucky Bankruptcy Attorney John Rogers, we offer a free first meeting to evaluate your situation to see if bankruptcy could be an option. We also offer payment plans that make filing bankruptcy affordable. There is no obligation  in  meeting with us.

Bankruptcy, offered under Federal Law adopted by Congress, is available to allow folks to get out from under the burden of debt that you could never pay. In fact, bankruptcy was written into the Constitution of the United States by our Founding Fathers.

If you think we can help, give us a call. 270-651-7777. We are in Glasgow.

 

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Student Loan Debt … how to incur as little as possible.

Posted on May 22, 2018. Filed under: Student Loans, Uncategorized | Tags: |

Ashley, over at the Life Tastes Better on a Budget Blog has recently re-posted her article How to Graduate From College Debt Free.

Since it’s high school graduation time and many  young folks  will be heading off to college, and many parents and grandparents will be sending their young folks to college , we thought it would be wise to share Ashley’s blog post.

As most folks know, generally  speaking, you can not wipe out, or discharge, student  loan debt in bankruptcy. So now, more than ever, it’s important to incur as little student loan debt as possible. While it is impossible for most to not take out ANY  student loans at all, by following Ashley’s guides, it is likely to that you can limit the amount that you do have to incur.

Good luck to all the new graduates, and here’s hoping for a prosperous and debt free (as much as possible !) college experience for you all.

We have provided links to her blog post throughout  our Blog Post above, but you can also access her post by clicking here.

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Don’t Bet Against Yourself

Posted on May 6, 2018. Filed under: Uncategorized |

Millions of dollars are bet today on the Kentucky Derby … and millions of dollars are lost. It’s part of life in Kentucky, and around the world. Enjoy the Kentucky Derby and make your bets small and wisely.

Here at Kentucky Bankruptcy Attorney John Rogers, we encourage you to not bet against yourself when considering options with your financial situation. If you need to talk openly and honestly with someone that can help, you have reached the right place. We offer a free, no obligation appointment to discuss your debt. We also have almost 30 years of experience to boot and an experienced staff, yet still offer affordable payment options to suit your situation.

Don’t gamble with your future. Call us today.

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Older Americans and Bankruptcy

Posted on April 6, 2018. Filed under: Uncategorized |

We are seeing more and more older folks in the office that are struggling with paying their bills and making ends meet, especially those on a fixed income. This recent article bears this out.  As expenses increase, monthly retirement payments, including social security, do not increase. That is a recipe for disaster.

There is no upper age limit on filing for bankruptcy. Although as more older folks visit us for help with bankruptcy, some do have retirement savings they want to protect. The good news is that if you file bankruptcy, you will, almost always, not lose your retirement savings. The only possible exception is if you had put a very large amount of funds into the retirement or 401k just before filing bankruptcy. The federal exemption laws, and most state exemption laws, do protect your retirement savings from going to pay your creditors. A few years ago, the United States Supreme Court ruled that the retirement exemption is very broad and applies to most all types of retirement, including ESOP’S, or employee stock ownership plans. This was great news for consumers. When you meet with an attorney, be sure to disclose all types of retirement plans that you currently have, as the law is constantly changing.

As with any issue involving bankruptcy or your finances that you are concerned about, I urge you to contact the nearest, well qualified bankruptcy attorney to answer your questions. In our office, we offer a free, one hour consultation to discuss your issues.

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Will you get to keep your tax refund money if you file bankruptcy ?

Posted on March 7, 2018. Filed under: Uncategorized |

Kentucky Bankruptcy Attorney - Call Toll Free Today 1-888-651-9353 or 270-651-7777

It is the time of year for tax refunds. We have questions from folks as to whether they can file Chapter 7 bankruptcy before filing taxes and still keep their tax refunds coming to them after they file bankruptcy or whether they can keep a tax refund received right before filing bankruptcy.

The answer is that they generally can keep their refunds, depending, of course, on how large the refund is. The general bankruptcy exemptions available under the federal bankruptcy exemptions (which we can use in Kentucky) are usually large enough to protect most tax refunds from being lost to the trustee. You can also use your tax refund to pay the fees and costs for the bankruptcy.

Also, if you are thinking about filing bankruptcy, and are going to use your tax refund to pay off a debt to a family member or creditor prior to filing bankruptcy, you…

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Letting A Home Go Back in Bankruptcy

Posted on February 13, 2018. Filed under: Chapter 7 Bankruptcy, Consumer Alerts, Uncategorized | Tags: , |

We have found in our office that surrendering a home is one of the hardest things for clients to consider doing.  We all get emotionally attached to our home, often because that is where our children were raised or it is family property.  It is very difficult to consider letting your home go back, but it is often the economically sound thing to do for your future.

We would also add that in our area of Kentucky, we have many folks that have financed a manufactured or mobile home and land together and owe much more than the manufactured or mobile home is worth, even factoring in the value of the land.  Manufactured or mobile homes most often depreciate in value, thus never allowing folks to build up equity in them.  In these cases, surrendering the manufactured or mobile home is often the wisest thing to do.

A home can be surrendered to the bank or mortgage holder in Chapter 7 Bankruptcy and the debt owing on the home is then discharged, or eliminated.

Finally, often  a Chapter 13 Bankuptcy can be used to save a home where the debt on the home is behind, should you choose to.

To look  at your options in regards to your home debt, contact an  experienced bankruptcy attorney.

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The New Chapter 13 Plan in Operation: The Good, The Bad, and The Ugly

Posted on January 5, 2018. Filed under: Uncategorized |

A Chapter 13 Bankruptcy Trustee in Kentucky Gives Her Initial Review of the New Form Chapter 13 Bankruptcy Plan in Operation.

Chapter 13 Trustee, EDKY: Trustee's Blog

The new chapter 13 plan form has been in use for a month now.  I’ve looked at about 125 plans, mostly from Best Case and CinCompass, with a few prepared in MS Word.  Some aspects of the plan form work well, but attorneys for debtors and for creditors need to be aware of common glitches and errors to watch for.

THE GOOD:

1) These boxes on page 1 of the plan are almost always checked correctly:plan notices included not includedI have seen a handful where all of the “included” boxes are checked, but none of the provisions is actually included.  A mistake or an exercise of caution?

2)  With plans prepared using a software program, if a section is marked “none,” the rest of the section is not reproduced.  A 10-page form can be condensed into a much shorter plan to be printed and served. if none is checkedTHE BAD:

1) The total amount of plan…

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A New Year, A Fresh Start !

Posted on January 1, 2018. Filed under: Uncategorized |

Today we begin the new year of 2018. However you celebrate the new year, welcome it as an opportunity to begin anew.

When you consider the bills you owe, the first of the year can be a great time to consider getting a fresh start and putting some of those bills behind you. There are many options to assist you and an attorney can review those options with you. Chapter 7 or Chapter 13 bankruptcy may be one of those options.

We are now accepting new clients for bankruptcy for the coming year. Give us a call today to discuss your financial situation. Call 1-888-651-9353 toll free to schedule your no obligation, no hassle, free visit with us ! We look forward to helping you get a great beginning to the new year !

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