Law Office of Allan E. Dunaway, PLC

April 2015 Archives

Debts that can't be discharged in Chapter 13 bankruptcy

People in Kentucky who file for Chapter 13 bankruptcy protection may be able to have many of their unsecured debts discharged upon the successful completion of the process. However, there are a few kinds of obligations that are not eligible for discharge under Chapter 13 bankruptcy. Other kinds of debts may not be impossible to discharge, but it could be more difficult under this form of consumer debt relief.

Private student loans and bankruptcy in Kentucky

While most people believe that private student loans are not eligible for a bankruptcy discharge, that is not always the case. Some private student loans are capable of being discharged due to either the type of institution that the borrower attended or the manner in which the money was used.

Easing credit restrictions may help Kentucky borrowers

According to a Federal Reserve Bank of New York survey released in February 2015, borrowers with credit scores under 680 had a roughly 50 percent chance of increasing their credit card limits. This represents an increase from October 2014, where a similar survey showed that borrowers with subprime credit scores had a success rate of roughly 33 percent. While this may be good news for borrowers with checkered credit pasts, it has consumer advocates concerned.

Supreme Court case causes re-examination of older mortgage case

Kentucky borrowers and those who have had difficult times with their mortgages in an extremely fluid market may be interested in recent developments in a case before the Supreme Court. The case of Bank of America vs. Caulkett appears to have larger ramifications than the specific suit, which concerns whether or not a court of appeals should have allowed Caulkett and one other individual to use bankruptcy to modify of their second mortgages. The Supreme Court appears to be considering the use of this case to overturn a decision from 1992 that now seems deficient.

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