Welcome to Louisville Bankruptcy Clinic

Welcome to Louisville Bankruptcy Clinic. Questions are always welcome, but please make sure you don’t leave any confidential or even personally identifiable information because this is a very public place! Use the contact page to initiate contact and then you can get advice on how to share information safely! DO NOT POST ANY PRIVATE INFORMATION

Chapter 7 Bankruptcy Timeline

6 or 8 Years Before Your Chapter 7 Bankruptcy You are eligible for a Chapter 7 discharge after 8 years have passed from the date you filed a prior Chapter 7 case and received a discharge; or after 6 years have passed if you filed a Chapter 13 case and received a discharge. 2 or

Bankruptcy Denied?

The ability to file for bankruptcy is dependent on the chosen type of bankruptcy. You can file a Chapter 7 once every eight years, starting from the filing date, not discharge. You can file for Chapter 13 after successfully completing a Chapter 7 case. However, if you file within four years of the Chapter 7

Do I Need A Bankruptcy Lawyer?

While it is not legally required to have a lawyer before filing bankruptcy, it is highly recommended to consult with one. Bankruptcy law can be complex and navigating the process without proper legal knowledge and representation can be challenging. An experienced bankruptcy attorney can help you avoid mistakes, ensure that your rights and interests are

Economic Time Bomb

As you may know, the Federal Reserve has made more than $11 trillion in repo loans for the bigger banks to gamble in the stock market and bundle and trade derivatives. With the repeal of Glass-Steagall, the banks are allowed to use customer deposits to fund their market trading if in reading this you think

Personal Injury Claim

The debtor listed a personal injury claim against his former employer, James Simms (“Simms”), on his schedule of assets. Subsequently, a personal injury lawsuit was filed against the former employer, as well as another party, Bureau of Workers’ Compensation (“BWC”). The claim against BWC was not included in the debtor’s schedules. The debtor claimed no

Hotel Group Loan

Janee Hotel Group formed Lexington Hospitality Group (LHG) and acted as its manager. Janee acquired a hotel with acquisition financing provided by PCG Credit Partners (PCG). PCG required LHG to include certain “Bankruptcy Restrictions” in its operating agreement. As a condition to the loan, the lender required the affirmative vote of an “Independent Manager” and


Small Business Reorganization Act Subchapter V of Chapter 11 Amendments For a period of one year from February, 2020, the CARES Act allows more small businesses to qualify as a debtor under the small business reorganization provisions of chapter 11 recently added by the SBRA. The Bankruptcy Code provides special rules and procedures for “small

That’s Entertainment…

In February, Access Entertainment Group LLC, Louisville, filed Chapter 11 bankruptcy. Chapter 11 allows a company to reorganize while continuing to operate. The company listed debts of almost $1 million and assets around $75,000 in the filing. It listed fewer than 50 creditors, the largest of whom is Dennis Jourdan of Indianapolis for more than