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February 2018 Archives

Medical debt problems are financially crippling baby boombers

As we grow older, it's only natural that our medical expenses become higher -- but these expenses can cause serious financial problems for individuals who are already struggling to make ends meet with their meager Social Security payouts.

Debt relief solutions include Chapter 7 bankruptcy

Losing track of debt is not an uncommon hardship to befall an American family. Here in Kentucky and throughout the country, credit card debt and other types of debt can have a crippling effect on individuals and households. Thankfully, there are ways to mitigate and even erase debt that becomes unmanageable, using a variety of tactics from simple budgeting through to Chapter 7 bankruptcy. 

Private college files for Chapter 7 bankruptcy

A private school specializing in musical education has closed its doors permanently and filed for bankruptcy. Kentucky residents working in the music industry may recognize the McNally Smith College of Music, which has provided educational services for over 30 years. The school's administration filed for Chapter 7 bankruptcy in January. 

Popular restaurant location files for Chapter 7

The owners of a popular restaurant franchise in the nation's capital have filed for bankruptcy after a rocky two years, according to business news. Tadich Grill originated on the sunny west coast, and business ownership felt it would fit right in next to the seat of government. However, as some Kentucky business owners can sympathize with, their grand vision did not go as planned. Thankfully, Chapter 7 bankruptcy offers clemency to business owners whose financial reality did not match the success they had hoped for. 

Filing for Chapter 7 bankruptcy

For many Americans, debt is a reality of everyday life. Here in Kentucky and elsewhere around the nation, individuals, families and businesses struggle under the weight of many types of debt, which can quickly become insurmountable. Thankfully, there are many options available to handle debt, including Chapter 7 bankruptcy as handled by a state bankruptcy court and a dedicated attorney.