Our Legal Blog

Do All Assets Have to Pass Through Probate?

Going through probate can be a lengthy, expensive and stressful process, but the attorneys at Bunch & Brock make that process easy and straight-forward for their clients. If you’re wondering whether all assets have to pass though probate, the general answer is no. The things that are typically required to pass through probate are assets that have a paper title in the deceased name. Some of these things might include a house, land, vehicle, bank accounts and investment accounts. But with effective and knowledgeable estate planning, most people can avoid the headaches of a long, […]

What is the Statute of Limitations on Debt in Kentucky?

If you’re behind in your bills and fear you’ll be sued, you may be wondering, what is the statute of limitations on debt in Kentucky? The Kentucky statute of limitations on debt collection is a deadline for a lawsuit to be filed. You may have many valid defenses against a collection lawsuit. Depending on the facts, this may be one of them. The bankruptcy lawyers at Bunch & Brock have helped countless clients just like you handle their debts. Bankruptcy may or may not be the best choice for you, so call us at 859-254-5522 […]

What is the difference between Chapter 7, 11 and 13?

If you are facing mounting debt with no end in sight, then you may be considering bankruptcy as a way to get back on your feet and pursue a fresh start. But then the question becomes: what is the difference between Chapter 7, 11 and 13? The type of bankruptcy you choose will depend on several factors, including your current income, your future goals, and whether you’re seeking a personal or business bankruptcy. All bankruptcy is governed by federal law (rather than state law), which is commonly referred to as the Bankruptcy Code.  The purpose […]

Your Estate Planning Checklist

New Year’s is a perfect time to take a snapshot of your future goals, including evaluating the status of your estate plan.  Whether you already have an estate plan that needs to be updated or you are just starting to explore the idea of creating a will, the beginning of a new year is the perfect time to tackle your estate planning checklist. Your estate planning checklist should contain most or all of the following documents: Will Durable Power of Attorney Advance Healthcare Directive Healthcare Power of Attorney Trusts Guardianship Designations Beneficiary Designations Letter of Intent […]

What Happens When a Company Files Chapter 11?

What happens when a company files Chapter 11? You may be a business owner who has built a prized business over the years, but because of economic uncertainty and difficult times, you find yourself burdened with significant debt.  You are likely stressed and worried, and you may not know where to turn.  This could be the time to talk to a  Chapter 11 bankruptcy lawyer to find out more about your options. Chapter 11 bankruptcy – often known as “reorganization” bankruptcy – gives business owners a chance to catch their breath and reorganize business affairs, […]

Estate Planning for Blended Families

Estate Planning for Blended Families   Estate planning for blended families can be tricky, especially if there are children, step-children and half-siblings involved.  A married couple often wants to make sure all children are accounted for and taken care of in future years, though sometimes in different ways.  In addition, a couple may have aging parents, other family members, trusts and charities that they want included in an estate plan.  This is when it’s time to call a skilled estate planning attorney.  There’s a lot to know about taxes, trusts, wills and other financial instruments, […]

Preference Actions Under Bankruptcy

If you’re a creditor, you may prefer not to deal with preference actions under bankruptcy. When you hear the word “preference,” you probably think it’s a good thing; it’s what you want or like. When it comes to bankruptcy, depending on your position in the proceeding, a preference action may or may not be what you want. Bankruptcy is a fact of life for some Kentucky businesses, whether your industry is as old as coal mines or as new as legal hemp production. It could be the beginning of the end of a company, such […]

What to Do If Your Wages Are Garnished

Based in Lexington, KY, our wage garnishment lawyers can help you protect your rights and be your first line of defense. Contact us today by calling 859-254-5522.

How to Rebuild Your Credit Score

If you have accumulated more debt than you can reasonably afford to pay, filing for bankruptcy is often the best option. When you file for bankruptcy, you are able to get out from under the debt and ensure a better financial future for yourself and your family. However, the bankruptcy will have a negative effect on your credit score. Fortunately, you can take steps to rebuild your credit after bankruptcy. If you’ve gone through a bankruptcy or are likely to go through one in the near future, it’s important for you to know how to […]

What are Kentucky’s Exemptions for Chapter 7 Bankruptcy?

If you’re thinking of filing for Chapter 7 bankruptcy, you probably already know that the standard process is to liquidate (sell) your property. Property exemptions allow you to protect some of your property from being liquidated to repay your creditors. In Kentucky, you have the option of choosing between federal and state exemptions when you file for Chapter 7 bankruptcy. The federal exemptions are generally more favorable to you than the state exemptions, so in the list below you’ll find a list of the federal exemptions that can apply to your Chapter 7. Chapter 7 […]