Use Chapter 13 to Protect Home Equity

Wasson and ThornhillHomestead Exemption

Chapter 13 gives you a unique, safe, flexible, and practical way to protect home equity that is larger than your homestead exemption.   The Problem of Too Much Home Equity Our last two blog posts were about protecting the equity in your home through the homestead exemption. Two weeks ago was about protecting the current equity; last week about protecting future equity. The blog … Read More

A New Year, a New Financial Start

Wasson and ThornhillBankruptcy Advice

It’s a new year. What could be a better resolution than to get a new financial start for 2018!? What could be better than that?   An Overall New Financial Start Get a new start by discharging (permanently, legally writing off) all or most of your debts. If you have mostly consumer or small business debts you have two main … Read More

An Example Why to Keep an Open Mind about Chapter 7 or 13

Wasson and ThornhillBankruptcy Options

Why should you keep an open mind about filing under Chapter 7 vs. Chapter 13? Here’s an example why.   Last time we introduced some of the main differences between Chapter 7 and Chapter 13. We suggested that you learn about them but also keep an open mind when you go see a Louisville bankruptcy lawyer. At that meeting you will always hear … Read More

Relief from the Automatic Stay

Wasson and ThornhillAutomatic Stay

Creditors sometimes ask the bankruptcy court for permission to take certain collection action against you or the collateral.   In our last blog post we talked about the “automatic stay.” It’s one of the most important benefits of filing bankruptcy. It’s certainly the fastest, going into effect immediately when you or your Louisville lawyer files your bankruptcy case. The automatic … Read More