Law Office of Allan E. Dunaway, PLC

February 2014 Archives

Medical debt is number one cause of bankruptcy filings

Some people in Louisville think bankruptcy is something that cannot happen to them. They have a good job with medical insurance and have their finances under control. Then they get sick or have other health related problems. And the medical expenses begin. And if their illness or medical condition is severe enough, they may no longer be able to work. And without a job, they may lose their insurance coverage.

Bank mistakenly reports customers as bankrupt

When you file for bankruptcy protection, you know that your credit rating may take a hit. Not because the bankruptcy filing has some magic property, but you recognize that by the time you need to file a bankruptcy, your financial situation is less than stellar. Your finances have deteriorated to the point that your debts are so overwhelming that you simply cannot meet your obligations any longer and a Chapter 7 or Chapter 13 bankruptcy becomes your only option.

When is the cure worse than the disease?

When it is a car title loan. With a 300 percent interest rate. This type of loan has the potential of driving your car into repossession and your financial situation into bankruptcy. They operate in a manner very similar to payday loans, a while banned in some states, they are available in Kentucky.

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
Louisville Law Office Map

530 East Court Avenue
Jeffersonville, IN 47130

Phone: 502-785-1005
Fax: 502-412-2258
Jeffersonville Law Office Map