Law Office of Allan E. Dunaway, PLC

June 2014 Archives

Learning the basics of bankruptcy in Kentucky

In 1934, the Supreme Court stated in one of its opinions that bankruptcy represents an opportunity for the honest but unfortunate debtor to get a fresh start without being discouraged by previous debt. There are several different chapters in the Bankruptcy Code that allow individuals, married couples and businesses to get the fresh financial start that they need.

Credit card debt and bankruptcy

Residents of Kentucky may be interested in a recent article in Daily Finance, a financial website, which discussed average credit card debt calculations. The article pointed out the values associated with average credit card debt and the ways in which those values are used by reporting agencies. The article provided insight into why the reported averages seem to vary. Some common factors that go into calculating the average include whether or not the report includes store and gas cards and whether or not it includes those who typically pay their card off completely each month.

Potential side effects of relying on credit cards

Kentucky residents may be aware of the upfront costs of using credit cards, including interest rates and annual fees. However, there are other side effects to relying on credit to make purchases that tend not to be discussed in the pages of disclaimers that are handed out when a person completes an application and accepts that shiny, new card.

Collection agencies suing debtors, seizing wages

Where repeated phone calls or past due letters were once the main products of creditor harassment experienced by people unable to pay their debts, litigation has become what people should fear. Kentucky residents who have outstanding debts may get a surprise in the way of asset seizure. Wages, secondary homes and other assets may be taken to reimburse debt-buying agencies who win in court even in cases where the debtor was unaware that he or she was being sued.

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
Map & Directions

530 East Court Avenue
Jeffersonville, IN 47130

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