Recent News
What is a reaffirmation agreement in Chapter 7 bankruptcy, and how does it work?
A reaffirmation agreement is an agreement by a debtor and a creditor about how to treat a particular debt that would otherwise be discharged in the debtor’s bankruptcy. Usually, the debt is secured by collateral that the creditor could repossess or foreclose on. In...
How can debtors obtain a copy of their credit reports and correct any errors?
Whenever a debtor’s application for credit is denied, the credit issuer is required to give the debtor, on request, a copy of any credit report that was used in making the decision. Otherwise, debtors can obtain their credit reports from the major credit bureaus....
What are my options if I am worried about not being able to make payments on my Federal student loans?
The area of student loan forbearance and forgiveness can be confusing and misleading if you rely on the internet to research your options. Thankfully, the new Consumer Financial Protection Bureau, also known as the CFPB, in Washington, DC offers a website to begin the...
Who is the Chapter 13 Bankruptcy Trustee and What Does He Do ?
All Chapter 13 cases have a Trustee. He is responsible for the overall administration of your case. In all cases in the Western District of Kentucky, the Trustee is William W. Lawrence. He has many active files in addition to yours. The Trustee’s duties are found in...
How do I know when my bankruptcy case is completed, and I am no longer in bankruptcy?
At the conclusion of an individual’s bankruptcy case, the court enters an order closing the case, and a copy of this order is sent to the debtor. Unless the trustee has assets to distribute to creditors, case closing takes place fairly quickly in Chapter 7 cases. In...
Getting The Runaround on Complaints ? Consumer Finanancial Protection Bureau New Online Complaint Form !
The Consumer Financial Protection Bureau continues to innovate and offer new ways to really help consumers. They now offer an online complaint form to file complaints regarding consumers experiences with banks and other financial companies. Having a dispute with a...