Under certain sections of the Bankruptcy Code, you are required to calculate your Current Monthly Income.  This is more than what you receive every time you get a paycheck.  This includes all income you have received over the last 6 months divided by 6.  This means...

If you file a Chapter 13 plan you will be required to submit a budget that calculates disposable income left over when you deduct your monthly expenses from you monthly income. These expenses do not include you payments on unsecured debts. An attorney will assist you...

The Bankruptcy Code makes it illegal for government agencies to refuse student loans to those who have filed bankruptcy. 11 USC 525(c). So if you have filed bankruptcy, you are still eligible to receive student loans that are backed by the government (Title IV loans)...

Here is a nice link to access recent opinions of the Judges of the United States Bankruptcy Court for the Western District of Kentucky: http://www.kywb.uscourts.gov/opinions/list_opinions.php Just use the drop down menu and click on the Judge's name to access !

Bankruptcy filings have continued to grow steadily in the Western District of Kentucky, as they have nationally. Here are the numbers: 2006:  7,072 cases 2007:  9,469 cases 2008:  11,057 cases 2009: (first quarter) 3,162 cases The first quarter of 2009 number is...

The United States Supreme Court has granted certiorari in United Student Aid Funds, Inc. v. Espinosa (Docket No. 08-1134), 2009 WL 646192, a case in which the Ninth Circuit Court of Appeals held that a debtor could discharge student loan debt by including it in a...