Law Office of Allan E. Dunaway, PLC

July 2018 Archives

New rules for undue hardship in student loan bankruptcy proposed

Student debt is a source of major financial burden for younger generations of Americans. Total student debt stands at $1.4 trillion divided among more than 44 million borrowers as of 2017, and total liabilities are expected to keep rising. Nearly 11 percent of accounts are in default or 90 days delinquent, meaning a significant amount of borrowers are having trouble with their payments. It's nearly impossible for individuals in Kentucky and around the country to discharge their student loan debt in bankruptcy.

The biggest credit card myth

According to the Census Bureau, more than 183 million Americans have credit cards. This makes credit cards so prevalent that 70.2 percent of all American households rely on them. With that being said, any individual in Kentucky looking to get a credit card needs to know two things: what their credit score is and how they can make it better. Unfortunately, there is a lot of misinformation that circulates around when it comes to that second question.

3 mistakes to avoid when you are considering bankruptcy

If you have accumulated debt that surpasses what you are able to pay, it can be overwhelming to navigate your options and try to find the best solution to the problem. Bankruptcy is one solution many people in Kentucky consider. In fact, according to the Courier-Journal, Kentucky has one of the highest bankruptcy rates in the country.

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