Law Office of Allan E. Dunaway, PLC

September 2015 Archives

Facts about credit card debt in the United States

Most Americans would agree that the economy is on the upswing once again. The market is stabilizing, and the morale of the state of Kentucky has increased as a whole. This improvement may not be evident if you looked at credit card debtin the United States, however, which is spiraling out of control at an alarming rate.

Business bankruptcy has trickle down effect on personal bankruptcy

Now that he is a Presidential candidate, Donald Trump's personal and business affairs are bound to come under the microscope. One of those business affairs that some may have forgotten or others never knew is that Trump filed Chapter 11 bankruptcy four times. Chapter 11 is a type of bankruptcy that businesses use to stay afloat while reducing their debt. But reducing that debt can have an effect on individuals while the company reorganizes.

Cancelled debt may still haunt you

When Kentucky residents feel they have fallen into too deep a financial hole to climb out of on their own, they may resort to filing for bankruptcy. Often, chapter 7 bankruptcy is chosen, which liquidates assets to cover debts. But going through this process may not be the end of the story, especially if you have had large amounts of credit card debt forgiven. In the eyes of the IRS, you still owe money.

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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714 Lyndon Lane
Suite 4
Louisville, KY 40222

Phone: 502-785-1005
Fax: 502-412-2258
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Jeffersonville, IN 47130

Phone: 502-785-1005
Fax: 502-412-2258
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