Which is best: Credit Counseling, Debt Consolidation or Bankruptcy ?

Posted on September 30, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts | Tags: , , |

Are you considering debt relief through a consumer credit counseling or debt consolidation service ? You may be surprised to learn that these companies can do more harm than good to your credit. Many will lead you into a false sense of security by thinking that they are dealing with your debt, when in reality, they are not. We have had many clients who we have had this happen to them, and even been sued by creditors even after employing the debt consolidation service. It sounds appealing, but can be deceptive.

Many times, bankruptcy is a better option, and you should always meet with a bankruptcy attorney to thoroughly discuss your personal financial situation in order to allow them to help you decide what is the best solution to your financial problems. Most bankruptcy attorneys will offer a free, no obligation consultation to  discuss your debt issues.

 

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Credit Counseling or Debt Consolidation ?

Posted on July 22, 2017. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney, Uncategorized | Tags: , |

 

Are you considering debt relief through a consumer credit counseling  or debt consolidation service ?

You may be surprised to learn that they can do more harm than good to your credit.  Many times, bankruptcy is a better option, and we will be happy to sit down with you and thoroughly discuss your personal financial situation in order to help you decide what is the best solution for your financial problems.

In analyzing your particular situation, we always consider if there is an alternative to filing bankruptcy.  The decision to file bankruptcy is a difficult choice for many people to make.

A bankruptcy will affect, in some fashion, your future credit.  Bankruptcy, though,  does not totally destroy your ability to get credit in the future.  The decision to file bankruptcy must be carefully made in consultation with an experienced bankruptcy attorney.

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A New Year and Time for a Fresh Start !

Posted on December 28, 2016. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney | Tags: , , , |

In less than a week, we will be in the new year of 2017. Wow, time marches on ! Whether you celebrate the new year by eating black-eyed peas, watching fireworks or spending time with friends, welcome the new year 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 legal 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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What can be done if a debtor falls behind in payments after obtaining a Chapter 7 discharge? Can another bankruptcy case be filed?

Posted on May 31, 2013. Filed under: Chapter 13 Bankruptcy, Chapter 7 Bankruptcy | Tags: |

What can be done if a debtor falls behind in payments after obtaining a Chapter 7 discharge? Can another bankruptcy case be filed?
The discharge in a Chapter 7 case only covers the debts that were incurred before the case was filed. The bills that a debtor incurs after the case is filed are not discharged. The hope is that, after their old debts are canceled by the discharge, debtors will be able to pay their new obligations as they become due. But unexpected circumstances, such as illness or loss of employment, may again put debtors in a situation where they cannot pay their bills. In this situation, a debtor may be able to file another Chapter 7 case, but there might not be a right to discharge. After a debtor receives a discharge in a Chapter 7 case, the debtor only has the right to receive a discharge in a later Chapter 7 case if the later case is filed at least eight (8) years after the first case was filed. However, even during this eight (8) year “waiting” period, debtors may still be able to obtain relief in Chapter 13 under certain circumstances.

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Kentucky Consumer Bankruptcy Attorney

Posted on March 24, 2009. Filed under: Uncategorized | Tags: |

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