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Kentucky law protects citizens who owe debt to credit card companies from being sued by collections agencies after a period of years has passed. This is meant to protect residents from being forced to defend themselves in a court of law after a long time has passed...
Kentucky residents who have unsecured debt like medical bills or maxed out credit cards may want to learn about the 1099-C form. The 1099-C 'cancellation of debt" form is an IRS document that is sent to individuals after some types of debts are either canceled or...
When a Kentucky resident files a petition for Chapter 7 bankruptcy, the U.S. trustee appoints the case to an impartial trustee who liquidates the nonexempt assets of the debtor. If all of the assets are exempt or subject to valid and approved security interests, they...
