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Debt Relief Archives

Kentucky Judge orders debt relief company to leave the state

A Franklin Circuit Judge has struck a blow to predatory debt relief peddlers, ordering a Florida-based company to cease operations within Kentucky. The decision was handed down after the company came under investigation for making allegedly misleading claims about college debt forgiveness.

Are your wages being garnished?

Kentucky residents work so hard for their money, and most of them are living from paycheck to paycheck. This means that when a creditor successfully takes legal action to garnish your wages, the consequences for your finances can be devastating. In fact, you may not even be able to put food on your family's table after the wage garnishers take their share.

A few things to try before filing for bankruptcy

The bankruptcy process can be a financial lifeline for Kentucky residents who fall into debt problems. Indeed, filing for bankruptcy can stop foreclosure proceedings in their tracks and help Kentucky families keep their homes. Once successfully navigated, bankruptcy will also provide individuals with a new financial lease on life by relieving them of financial burdens they have carried for years.

New Debt Relief and Collection Rules Proposed

New debt collection rules have been proposed by the Consumer Financial Protection Bureau (the CFPB), which is the governmental agency in charge of making these rules after the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. If enacted, these rules would result in much needed changes to the debt collection industry, and possibly help people avoid debt relief through bankruptcy.

Founder of Gawker Media may be headed for personal bankruptcy

The founder of Gawker Media, Nick Denton, may be facing personal bankruptcy. A U.S. judge recently refused to extend special protections that were shielding him from having to pay an invasion of privacy lawsuit ruling concerning ex-wrestler Hulk Hogan.

Stop wage garnishment with a bankruptcy filing

Wage garnishment can happen if a Kentucky resident does not pay his or her bills and the creditor successfully pursues a special kind of debt collection lawsuit against the debtor. Once a wage garnishment court order has been obtained, the creditor can claim part of the debtor's wages. This can be financially devastating for someone who is already having trouble paying his or her bills.

Defenses against tax return seizure over a defaulted student loan

Student loans, like any type of monetary loan, have to be paid back. The only difference is that unlike a regular loan, a student loan is often not dischargeable during bankruptcy proceedings. Even worse, if the student loan borrower falls into delinquency and then default, he or she could face some serious difficulties.

Can credit card debt cause post-traumatic stress disorder?

According to recent statistics, Americans have an average amount of credit card debt amounting to $15,800. This debt is causing Americans to suffer from an enormous amount of stress. In fact, some Americans are contracting post-traumatic stress disorder as a result of their debt.

Are your wages being garnished by creditors?

Kentucky residents are often living paycheck to paycheck, so when a creditor gets court approved to start garnishing your wages, it can represent the straw that breaks your financial back. Fortunately, though, even if a creditor has a court order to take part of your weekly wages away from you, a bankruptcy attorney can help.

In what order should I pay down my debts?

If you have decided to take control of your debt and pay it down, you have made an important first step. However, you now need to decide which debts to pay off first. Prioritizing which debts to pay off may be difficult to do when you consider all the different variables, such as the following:

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