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Posts tagged "Chapter 7"

Ways to manage debt

When the various demands of life happen all too quickly, the wallet can ultimately suffer. Countless Kentucky residents struggle with financial worries, in which debt becomes the sole focus of every endeavor. As frustrating as managing one's debt can be, there are a number of paths one can take to reach financial freedom. 

Is Chapter 13 bankruptcy the right pick for me?

Kentucky residents like you who are filing for bankruptcy will have two major options to choose from. One is Chapter 13, and one is Chapter 7. Lonneman & McMahan, PLLC, is here to help provide you with the benefits and drawbacks of each type so that you can choose which fits you best.

Can bankruptcy really end creditor harassment?

As a resident of Kentucky who is currently struggling with the notion of bankruptcy, you likely have a lot of questions. How does it work? What can it do for you? And most importantly, will all of the benefits people talk about actually apply to your situation? Lonneman & McMahan, PLLC, are here to give you the answers to these questions.

Which type of bankruptcy fits you best?

When residents in Kentucky look into bankruptcy to get out of a deep financial rut, it can be overwhelming. What option do you go with? What's the difference between Chapter 13 and Chapter 7 bankruptcy? Which is best for you? Lonneman & McMahan, PLLC, will help you make these crucial decisions and get back on your feet after financial disaster.

Recognizing signs that you may need to file for bankruptcy

You may have suffered financial setbacks for months or years and considered a Chapter 7 bankruptcy for a fresh start, but well-meaning friends and family members have told you that bankruptcy should be avoided at all costs. However, our team at the law offices of Lonneman & McMahan PLLC, understand that in many cases, bankruptcy can help Kentucky residents get back on their feet and remove the stressful burden from their shoulders.

What is the difference between Chapter 7 and Chapter 13?

If you are a Kentucky resident thinking about filing for bankruptcy, you may be wondering which type of bankruptcy, Chapter 7 or Chapter 13, is right for you. As FindLaw explains, both types of bankruptcy give you debt relief, but there are substantial differences between them.

Creditor collection calls and how to stop them

Kentucky residents who are in debt will likely have to suffer through the ever-persistent, ever-irritating creditor collection calls. These calls can get invasive and downright frightening in some cases, leaving the sufferer wishing for an out. Fortunately, there are ways to shake creditors off and escape from the threats, calls, and harassment.