On behalf of Law Office of Allan E. Dunaway, PLC | Jan 13, 2021 | Bankruptcy News
Once you start to lose control over your finances, it is often difficult to regain it. If your finances have spiraled out of control to the point where you are fielding constant calls from creditors or losing part of your paycheck to wage garnishment, you may be...
On behalf of Law Office of Allan E. Dunaway, PLC | Jul 15, 2020 | Bankruptcy News
If you are drowning in a sea of medical bills, credit card balances or other debt, you are not alone. In fact, the average American has nearly $40,000 in outstanding debt, not including mortgages. Even though bankruptcy may offer the clearest path to financial...
On behalf of Law Office of Allan E. Dunaway, PLC | Jun 12, 2020 | Bankruptcy News
Residents of Louisville who may be contemplating filing a bankruptcy petition often wonder whether they will be forced to give all of their assets, including their home, to their creditors. The comforting and often surprising answer is “Not always.” Kentucky statutes...
On behalf of Law Office of Allan E. Dunaway, PLC | Mar 4, 2020 | Bankruptcy News
The automatic stay of proceeding in bankruptcy is a broad power that stops all forms of collection efforts. According to the Wallet Hub, this includes judgments against the individual, recording of leans, the attempt to execute on a property or repossess collateral,...
On behalf of Law Office of Allan E. Dunaway, PLC | Feb 27, 2020 | Bankruptcy News, medical debt
According to CNBC, 137 million Americans have medical debt that they cannot tackle. Medical debt is the leading cause of Americans who seek to cash in their retirement or 401(k). No one can prevent medical bills from occurring. Accidents happen, illnesses are not...
On behalf of Law Office of Allan E. Dunaway, PLC | Dec 16, 2019 | Bankruptcy News
When companies in Kentucky and across the U.S. shut down operations, the effect on their employees can be catastrophic. Under certain circumstances, employees can lose their jobs, and some may never see their final paychecks. A company may assume that unemployment...