What Happens to Business Debts When a Business Closes?
Closing a business is a difficult decision, often filled with uncertainty and emotional weight. Whether due to financial challenges, a change in circumstances, or personal reasons, shutting the doors of a business brings up a critical question: What happens to the business debts when the business closes?
The answer...
How to Know If Bankruptcy Is the Best Option for Your Financial Situation
Deciding whether to file for bankruptcy is a deeply personal and often difficult choice. While it offers a powerful tool for financial relief, it’s not always the right solution for everyone. If you’re feeling overwhelmed by debt, it’s important to evaluate your situation carefully before making a decision.
At...
Do You Need a Lawyer to File for Bankruptcy in Kentucky?
Filing for bankruptcy is a big decision, and it’s natural to wonder if hiring a lawyer is necessary. While it is possible to file for bankruptcy on your own, the process can be complex and overwhelming without professional guidance. In Kentucky, understanding the nuances of bankruptcy law and navigating the court system...
What Debts Can and Cannot Be Discharged in Bankruptcy?
When facing financial challenges, bankruptcy can provide a fresh start by wiping out certain debts. However, not all debts are treated equally. Understanding which debts can be discharged—and which cannot—will help you determine whether bankruptcy is the right solution for your situation.
At Dennery Law, we believe in empowering...
What to Expect at a Bankruptcy Hearing: A Step-by-Step Guide
Filing for bankruptcy can feel overwhelming, and the thought of attending a bankruptcy hearing often adds to the stress. Many people worry about what will happen, who will be present, and how they should prepare. At Dennery Law, we believe that knowledge is power—and knowing what to expect can help reduce your...
What Happens to Your Credit Score After Bankruptcy—and How to Rebuild It
For many people, filing for bankruptcy brings immediate relief from overwhelming debt. However, the thought of what it might do to your credit score can be daunting. While bankruptcy does impact your credit, it’s important to remember that it’s not the end of your financial story. With the right strategies, you can...
5 Signs It’s Time to Consider Filing for Bankruptcy
Facing financial challenges can be overwhelming. Many people hesitate to explore bankruptcy, fearing the stigma or complexity of the process. However, bankruptcy is designed to provide relief and a fresh start when debt becomes unmanageable. If you’re unsure whether it’s the right option, here are five signs it might be time to...
Bankruptcy and Credit Score Recovery: How Long Does It Really Take?
One of the biggest fears people have about filing for bankruptcy is the belief that it will ruin their credit forever. While bankruptcy does cause a temporary hit to your credit score, the damage isn’t permanent—and in many cases, it’s the first step toward improving your financial health. With the right strategies,...
Can Bankruptcy Stop Wage Garnishment, Foreclosure, or Repossession?
If you’re drowning in debt, the relentless calls from creditors and the fear of losing your income, home, or car can feel overwhelming. Fortunately, bankruptcy offers powerful legal protections through what’s called an automatic stay. This feature can pause wage garnishments, foreclosures, and repossessions, giving you the time and breathing room to...
Top 10 Myths About Filing for Bankruptcy (And the Truth Behind Them)
Filing for bankruptcy is often misunderstood. Many people delay or avoid the process altogether due to fears fueled by myths and misconceptions. The truth is, bankruptcy can be a powerful tool to help you regain control of your finances and build a better future. In this post, we’ll break down the top...