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January 2015 Archives

Discharged debts in bankruptcy

When a person in Kentucky goes through the bankruptcy process, many of the debts that once hung over their head may be eligible to be discharged. A bankruptcy debt discharge means that the debtor is under no legal obligation to repay a debt, and the creditor that issued the debt is not allowed to take any action to collect it.

Garnishments are now the top reason people file Bankruptcy

I have been representing debtors in Chapter 7 and Chapter 13 bankruptcies for about 25 years now. I have seen the reasons for filing bankruptcy swing in both directions from failed business ventures to mortgage foreclosures. Lately, however, it seems that half of the people who call me are already being garnished at their work.

Differences between debt management companies

Kentucky residents who are struggling with their financial obligations may wish to learn more about the differences between debt settlement and credit counseling companies. Although the two may seem similar, there are important differences that can influence how negotiations with creditors are handled.

How can I stop debt collectors from contacting me?

While the end of year draws celebrations and family gatherings, many individuals are confronted with a reality of financial challenges that will continue to loom after all the confetti and party favors are cleaned up and disposed. Credit card debt is a common worry and cause for stress, especially for people in Kentucky facing unemployment. Increasing expenses, an inability to pay interest and lack of income often results in collection companies calling at all hours.