Many people in Kentucky use a Chapter 13 bankruptcy filing to protect their home from foreclosure. If you are earning a steady income, a Chapter 13 can help provide that "breathing space" to help you deal with other financial difficulties. It can allow you to repay...
Do not wait too long to file bankruptcy
The leading news story this week related to bankruptcy does not come from Kentucky, but Detroit, which declared bankruptcy last week. This bankruptcy filing was the largest municipal bankruptcy ever, surpassing that of Jefferson County, Alabama. The federal government...
As consumers gain confidence, credit card debt grows
According to data from the Federal Reserve, consumers across the country are feeling increasingly confident in their financial standings. Credit card debt increased by more than ever in the last year from April to May. Consumers added $6.6 billion to bring the total...
Debt collection agency fined record amount by FTC
Many people who struggle with credit card debt, medical bills, student loan payments and other debts know the aggravation of harassing phone calls from debt collectors. While laws are in place that are supposed to protect consumers from debt collector harassment, many...
Debt relief companies taking advantage of student loan borrowers
The crushing burden of student loan debt that many graduates have to shoulder after completing school is familiar to thousands in Kentucky and across the U.S. With the still-stagnant economy, many new graduates are finding it difficult to find employment and cannot...