Law Office of Ginger C. Cord, PSC. - Bankruptcy
Free Initial Consultation

Local 859-963-2073

Toll Free 800-762-6916

Call Today

Pursue A Bright Financial Future
Freedom From Debt Is On The Horizon

February 2015 Archives

The effect of medical debt on a credit score

Medical debt is a big problem for many Kentucky residents who are hoping to raise their credit scores. In fact, almost half of all collection accounts that are listed on credit reports are for unpaid medical bills. The Federal Reserve reported that one out of every six credit reports in the U.S. contains at least one unpaid medical bill that has gone into collections.

Business owners and bankruptcy

Business owners in Kentucky may be able to keep their businesses after filing for bankruptcy in some cases. For instance, the owner of a sole proprietorship may personally file for bankruptcy while still maintaining their business. The owner of a larger company who would like to keep their business has the option of filing for Chapter 11 bankruptcy.