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Our Legal Blog

Trends in Consumer Spending

Lexington Bankruptcy Attorney

Earning more than you spend is a dilemma for many people. While the definition of what constitutes a necessity can vary widely across class, gender, and age, all groups struggle with the delicate balance of income versus expenses. What do you spend your money on? Have you ever wondered how you compare to other Americans? There is a lot of data out there on the subject. Consider: Just two years ago, the average American spent $98 a day to cover expenses and had a personal savings rate of only 4.9 percent. The average U.S. income […]

Why You Shouldn’t File Bankruptcy on Your Own

Kentucky Bankruptcy Attorney

Bankruptcy makes a long-term financial and legal impact on your life. Not to mention the emotional toll it takes, having to decide whether it’s even the wisest course of action, having to go through the process, then having to essentially start your financial life over again. Filing for personal bankruptcy under Chapter 7 or Chapter 13 takes extraordinarily careful preparation, as well as understanding of the law. Misunderstandings or mistakes end up affecting your rights, more often than not. Life is complicated, and so are your finances. It is perfectly legal to file “pro se,” […]

November 26 is Small Business Saturday

It’s getting to be that time of year again. The time when people stand in line to wrestle each other over that last TV at the big box store. The time when people hover over their computers, anxiously awaiting the next clickable deal. The busiest shopping days of the year are just ahead, and tucked in between Black Friday and Cyber Monday is Small Business Saturday. Created by American Express in 2010 as a way to support small companies, this day has been officially recognized by Congress, is gaining in consumer awareness, and is a […]

Discharging Tax Debt in Bankruptcy

Kentucky Debt Attorney

If you have outstanding tax debt and are facing serious financial problems, you may be considering the option to file for bankruptcy. However, if you’re hoping to have some or all of your tax debt discharged, it’s important to understand that contacting Bunch & Brock is probably your best bet because we analyze whether your tax obligations are dischargeable or not. Certain types of tax debts are dischargeable, while others are not. Even with that in mind, there are still a number of conditions and stipulations to be aware of when it comes to discharging […]

The Newest Fraud: Friends on Facebook

Kentucky Bankruptcy Attorney

Social media is addictive. There’s always one more picture to look at, meme to laugh at, recipe to share. It’s generally human nature to want to interact with others, and even introverts often find themselves drawn to the level playing field presented by cyber interaction. You can be anything you want – and therein also lies the problem. Online scams and fraud abound, with Facebook a frequent target because of its popularity. Just last year, 72 percent of U.S. online adults and 62 percent of the entire U.S. adult population were users of that social […]

Do I Have to File Bankruptcy with My Spouse?

Kentucky Bankruptcy Attorney

We get this question a lot. After all, one of the cornerstones of marriage is sharing. While the short answer is no, you do not have to file bankruptcy with your spouse, the more convoluted legal answer is heavily dependent on your personal circumstances, because there are situations where both spouses filing for bankruptcy is preferable. Note that if married debtors do decide to both file, they can file a joint petition, which keeps the cost down as it is considered legally to be one case, with one fee. The rules are different for community […]

How to Avoid Ending Up in Jail for Your Debt

Lexington Debt Lawyer | KY Debt Relief

Debtors’ prison. Taken separately, those words are only slightly less depressing than when taken together. The jailing of people who were unable to pay their financial obligations was not federally eliminated in the U.S. until 1833 – and some states did not outlaw it until 1849. Today, being in debt is not a crime, but there are matters that must be addressed so you don’t end up in the clink. When you first miss a payment, the initial reminders from your creditor are polite. Two missed payments trigger frequent phone calls and a drop in […]

June 28: National Insurance Awareness Day

Lexington Insurance Lawyer | KY Insurance

At the end of June, right before Fourth of July celebrations, a lesser-known observance highlights the importance of insurance in our lives. It may seem as if the topic of insurance doesn’t need any publicity. After all, we’ve been bombarded with messages that one company can save us 15 percent or more on car insurance while another is there for us like a good neighbor and a third has a name that sounds like a duck’s quack. Most of us have personal experience with insurance when we buy a car, visit the doctor, or take […]

Discharging Student Loan Debt in Bankruptcy – Not Impossible

Kentucky Bankruptcy Attorney

Higher education has long been thought of as the key to a successful future. Proponents claim that college graduates earn more, have higher employment rates, have better benefits, and have better interpersonal skills than those who don’t pursue a college degree. One of the arguments from the other side: that the debt incurred from college loans is too high. While “too high” is a subjective amount, there’s no doubt that many people struggle with student loan debt.   Just a cursory glance at some recent statistics is enough to shed a bright light on the […]

The Importance of Registering Your Business

Lexington Business Lawyers

When it comes to business, there is a lot of value in branding. A memorable logo, solid advertising, and thorough customization can go a long way toward gaining a competitive edge in today’s seemingly endless sea of consumer choice. However, there may be no more important piece in the branding puzzle than a well-chosen name. Recording that name is one of several registrations involved in running a small business. In order to create a public record letting people know who is running a business, anyone who wants to name their business anything other than their […]