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Can same sex couples file jointly for bankruptcy?

Yes, now that the Supreme Court has guaranteed marriage equality for all U.S. citizens, same sex couples can file a joint bankruptcy as long as they are legally married prior to the date they file bankruptcy. … [Read more...]

Can a married couple file a divorce and a bankruptcy at the same time?

For couples, bankruptcy and divorce sometimes go hand in hand. Both offer a fresh start after other solutions have failed. At Lawrence & Associates, our attorneys can refer you to a Kentucky divorce attorney, and we have an Ohio divorce attorney in house.  A bankruptcy will not affect spousal … [Read more...]

Can I file for bankruptcy without affecting my spouse’s credit?

Absolutely. If you choose to file for bankruptcy without including your spouse then your spouse’s social security number will not appear on the bankruptcy and there will be no effect on your spouse’s credit. Bear in mind that whichever spouse chooses not to file will not have any of their debts … [Read more...]

What will I need to work on after bankruptcy?

While a person’s credit score will drop initially after bankruptcy, in some cases the drop is not as drastic as you may think. Check out our videos on this subject for more details. The advantage of filing is that there are realistic ways to rebuild your credit afterward — and with no debt, or … [Read more...]

What are the benefits of bankruptcy

Bankruptcy can have an extremely positive impact on your life and give you... A fresh financial start Complete freedom from debt through Chapter 7 bankruptcy A manageable payment plan through Chapter 13 bankruptcy A positive cash flow An end to creditor harassment An end to stress and … [Read more...]

What Is chapter 20 bankruptcy?

In some cases, simply filing a one-time Chapter 7 or Chapter 13 bankruptcy cannot completely solve your financial problems. For example, if you have a great deal of both unsecured debt (such as credit card debt) and secured debt (such as a mortgage or a car loan), you may benefit from a Chapter 20 … [Read more...]

Can I file bankruptcy more than once?

People can have many misconceptions about bankruptcy, including the number of times you can file. The truth is, you can indeed declare bankruptcy more than once, and many individuals take advantage of this as part of a complete debt reduction plan. While you can only pursue a Chapter 7 bankruptcy … [Read more...]

If I file bankruptcy, can I keep my property?

The answer in most cases is yes. A lawyer at our firm can provide you with specific details about the exemptions that are available to you. At Lawrence & Associates will create a personalized debt relief plan for you, one that suits your needs. It will be designed to help you retain as much of … [Read more...]

What is exempt from the reach of creditors?

At Lawrence & Associates, we take full advantage of all available property exemptions when we represent clients in bankruptcy proceedings. Our goal in your case will be to enable you to keep as much of your property as possible while obtaining maximum debt relief. In Kentucky, a person filing … [Read more...]