Recent News
Vehicle Redemption in Chapter 7 Bankruptcy
During a Chapter 7 bankruptcy all unsecured debts are discharged. Debts that are secured by collateral (e.g. car loans) must be paid or the collateral must be returned to the lender. Occasionally an individual considering Chapter 7 bankruptcy will own a vehicle that...
NCLC Consumer Alert: CONSUMERS AT RISK: TIPS WHEN EXPERIENCING A DATA SECURITY BREACH
As a CONSUMER ALERT, we are reposting in full this press release from the National Consumer Law Center: FOR IMMEDIATE RELEASE: Contacts: NCLC: Chi Chi Wu, 617.542.8010 or DECEMBER 19, 2013 cwu(at)nclc.org U.S. PIRG: Ed Mierzwinski, 202.461.3821 or edm(at)uspirg.org...
Do you get to keep your tax refund if you file bankruptcy ?
Debtors in Chapter 7 bankruptcy are required to give up "nonexempt" property that they own at the time of filing; they are allowed to keep both "exempt" property that they own at the time of filing and any property that they receive a right to own after the bankruptcy...
Tax Refunds and Bankruptcy
It will soon be that time of year for tax refunds. We have questions from folks as to whether they can file Chapter 7 bankruptcy before filing taxes and still keep their tax refunds coming to them after they file bankruptcy or whether they can keep a tax refund...
Thank you !
At Kentucky Bankruptcy Attorney John Rogers, Attorney at Law, we would like to take just a moment to thank all of the folks who chose us in 2013 to help them with their financial situations. Also, we receive many referrals from past clients who refer their family and...
Do you have to list "buy here – pay here" vehicle loans in your bankruptcy ?
Yes, car lots that finance the purchase of car are very common and do have to be listed as a creditor in your bankruptcy and the vehicle you purchased does have to be listed as an asset. If you have such a vehicle loan, be sure and tell your bankruptcy attorney about...