Bankruptcy Code or the Kentucky exemptions primarily found in KRS Chapter 427. You must be consistent and choose one method of exemptions; you can’t pick and choose. So, in other words, you can’t use the Kentucky exemptions for homestead but the federal exemptions for personal property. ...
Certain debts survive a Chapter 7 bankruptcy because they are excepted from the discharge by law: priority taxes, family support, student loans, and liens are among the kinds of debts not discharged in Chapter 7. Any debts that were reaffirmed also survive the bankruptcy as a personal liability...
Listed below are the Kentucky Bankruptcy Exemptions. Indiana has smaller state exemptions, learn your best options to keep property.
Hayden & Butler, PSC, are bankruptcy attorneys near Lexington. We help solve your debt problems. Call us for Chapter 7 & Chapter 13 bankruptcy filings now!
Foster Law Offices, LLC assists consmers with obtaining a fresh start through Chapter 7 Bankruptcy. Credit card debt, medical bills, loans? We can help.
In addition to ourChapter 7 & 13 Bankruptcy Softwareand friendly and courteous support staff, out site includes easy to understand bankruptcy related content to help familiarize you with the in's and out's of the Bankruptcy Process including:Tutorials,Updated State & Federal Bankruptcy Exemptions,Gl...
Chapter 7 Bankruptcy Timeline Keep Your Exempt Property In California, a debtor can elect from one of two categories of exemptions, depending on the type of property owned and the amount of equity that exists. See our detailed Exemptions page and let us help you determine which category is bet...
Many Chapter 7 cases are considered to be "no asset" cases. There's little or nothing left for the trustee to sell or liquidate after exemptions are applied.4 Note Creditors rarely receive all that they're owed, because most Chapter 7 bankruptcy estates don't have enough funds left to cov...
Chapter 7 Bankruptcy or Chapter 13 Bankruptcy Bankruptcy Exemptions – Keep Car and House in Bankruptcy Bankruptcy Procedure – Bankruptcy Classes and Next Steps How to File Bankruptcy Checklist Bankruptcy 341 Creditor Meeting Bankruptcy Discharge
While Chapter 7 involves liquidating non-exempt assets, debtors can keep certain exempt assets which vary by state. These exemptions ensure that debtors can maintain a basic standard of living post-bankruptcy. Plus, unlike Chapter 13 bankruptcy which requires a repayment plan, Chapter 7 does not i...