After Kentucky residents have filed for Chapter 13 bankruptcy and have started complying with their repayment plans, they may face a situation in which a required payment will be late. This can be very stressful for people who are in repayment as the law mandates people must follow the terms of their plans or risk dismissal of their Chapter 13 petitions.
Each year, many Kentucky college graduates are scrambling for enough income to repay their student loans. For a great many of them, it is a distant goal, and their finances may suffer due to entry-level jobs and the cost of living. Enter debt relief companies looking to capitalize on debtor desperation. A Forbes article outlines the national significance of debt relief scams and warns people about how to spot and avoid them.
I have been filing bankruptcy cases for about 27 years now and I recently noticed that the Meeting of Creditors Hearing is starting to look like an AARP meeting.