Law Office of Allan E. Dunaway, PLC

August 2013 Archives

Amount of student loan debt is greater than credit card debt

For students in Kentucky, another school year is beginning and with it, for many college students, the taking on of additional school loans to pay for tuition. School loans used to be seen as a safe bet for the student. A better education meant a higher paying job. The odds on that bet have gotten longer, as the ease of finding the first "good" job has become more elusive.

Time limits on refilling a Chapter 7 bankruptcy

One of the changes to the Bankruptcy Code in the 2005 Act was the time limitation on filing a Chapter 7. You can only obtain a discharge from a Chapter 7 every eight years, so for instance, if you filed in 2008, you will have to wait three more years. However, this does not mean you are without any bankruptcy options.

Credit card delinquency rate falls, as to credit debt levels

A report from TransUnion indicates that the delinquency rate for U.S. credit card holders has fallen to the lowest level in two decades. They also report that total credit card debt has dropped more than 16 percent from the July 2008 high point, down to $2.7 billion. This appears to be an encouraging trend, in that people are maintaining lower credit balances and making their payments on time.

Are your student loans dischargeable in bankruptcy?

When debts become overwhelming, it can be difficult to see any way out. Phone calls and mail are filled with demands for payment and threats of legal action. Your situation would be demoralizing enough without the constant harassment. While many people delay, at a certain point, your only real solution is to file for bankruptcy protection.

Contact the Firm

Get Sound Advice In A Free Consultation

For sound bankruptcy advice you can count on, from a skilled lawyer who truly cares about your future, contact the Louisville Law Office of Allan E. Dunaway, PLC. We have two convenient locations: Louisville, Kentucky, and Jeffersonville, Indiana. Our main office in Louisville is located off the beaten path so you won't have to deal with downtown traffic and can pull right up to our door and walk right in.

Call us at 502-785-1005, or send an email message. Our law firm welcomes the opportunity to serve you in any way we can.

If for some reason personal bankruptcy is not for you, if you do not qualify for the Chapter 7 approach via the "means test" and Chapter 13 reorganization is not the answer, Allan E. Dunaway works hard to inform you of other appropriate means of debt settlement that suits your unique needs.

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Kentucky Office

Indiana Office

714 Lyndon Lane
Suite 4
Louisville, KY 40222

Phone: 502-785-1005
Fax: 502-412-2258
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530 East Court Avenue
Jeffersonville, IN 47130

Phone: 502-785-1005
Fax: 502-412-2258
Map & Directions