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May 2015 Archives

Student loan borrowers preyed on by debt relief agencies

Many Kentucky residents who are overwhelmed by their student loan debts are often tempted to turn to debt relief agencies for help. However, state attorney generals are now suing many of these agencies for unlawful business practices. In early May, five debt relief agencies were sued by the attorney general of Illinois for breaking state laws.

U.S. Supreme Court rules on appeals in bankruptcy decisions

As some Kentucky residents may know, the U.S. Supreme Court decided on whether a debtor may automatically appeal if a payment plan is not accepted by the bankruptcy court. A Massachusetts debtor had petitioned the court to rule because of differences in circuit court opinion on this issue.