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Our Legal Blog

Reducing Medical Debt

Loan Modification Attorney

While there are several reasons for personal bankruptcy, one stands firmly on top of the list: medical bills. A Harvard study in 2007 showed that medical debt was responsible for more than 62 percent of all personal bankruptcies, despite the fact that 78 percent of those who filed had some type of insurance. Health Care Debt The overall number of bankruptcy filings, however, is on a downward trend. According to Yahoo Finance, personal bankruptcy filings dropped from 1,536,799 in 2010 to 770,846 in 2016, a downward turn of nearly 50 percent. One reason is the […]

Millennials Aren’t Saving – Is it Oversight or Inevitable?

According to Wells Fargo Investment Institute, earn 20 percent less than the Baby Boomers did at a similar stage in life. Lower incomes are certainly a contributing factor, but there are other possible reasons for the lack of saving behavior among Millennials. Why aren’t Millennials saving? Debt is one major reason for the drop in saving among Millennials. Debt in general, and student loan debt in particular, is a serious drain on Millennial finances. With almost 34 percent of Millennials having at least some student loan debt (and a median balance of $20,000), many members […]

A Phone Call Worth Answering

Kentucky Business Law Attorney

Those annoying automated phone calls that always seems to ring as the food is placed on the dinner table may finally be worth the trouble. According to an article in August run by the Miami Herald, a class-action lawsuit against the marketing firm responsible for those calls has been settled, resulting in a cash settlement for each call. The calls, from Resort Marketing Group, which represents Carnival, Norwegian and Royal Caribbean Cruise Lines, who are also named as defendants in the suit, violated the Telephone Consumer Protection Act (TCPA) from July 2009 to March 2014. […]

What are Signs You May Be Heading to Bankruptcy?

Many of those who file for bankruptcy protection in Kentucky had warning signs that they were going in the wrong direction financially. They may not have accepted their situation; or they may have hoped that somehow things would turn around. If you’re deep in debt, there’s no harm in having hope as long as you understand the reality of your situation. Getting bankruptcy protection sooner rather than later can shorten the financial trauma you’re living in and give you an opportunity to start over. What are some of the signposts on the road to bankruptcy? […]

Protecting your Confidential Assets Contractually

In most businesses, whether they be small or large, success can often be attributed to innovative and original ideas and practices. Of necessity, when new employees come on board, they are taught these innovative methods in order to make sure that they can implement them and push forward the best interests of the company. However, while teaching employees these methods is necessary and has its advantages, there is also the potential for a very negative flashback. Purpose of the Contracts If things don’t work out with Company A, there is very little to stop a […]

Lawsuits and Small Businesses

For small business owners, more often than not their business is their life. Through hard work they have developed a concept and put the effort into making an idea a reality. They have given hours of their time, their efforts and their work. For the businesses that have survived, it is generally because of the efforts of a small group of people determined not to fail. Because of this, they often offer advantages larger corporations cannot: specifically, with personalized customer service and care for their product. Unlike their brethren in larger corporations, small business owners […]

America’s Enormous Tax Situation

Nearly every person has a love/hate relationship with money — earning it, spending it, having enough of it, etc. Among the most common problems is the sensitive issue of taxes, which is a well-placed resentment because it turns out that taxes are the largest financial burden faced by the public. In fact, Americans will spend more on taxes in 2017 than they will on food, housing, and clothing combined. That means $3.5 trillion will go to federal taxes and $1.6 trillion will go to state and local taxes, which adds up to 31% of the […]

Results are Uncertain for Credit Report Clean-Up

Consumers with liens or civil judgments without proper identifying records got some relief July 1, when the three major credit bureaus — TransUnion, Experian and Equifax – purged their records of that information if it was incompletely filed or had not been updated in the last 90 days. Newer material that doesn’t meet the updated criteria for information will not be added to the report. What this means is that for those with bad marks on their credit scores, their scores may move higher. Everything not Removed This move from the reporting agencies does not […]

Saving for a Stress-Free Holiday

During the dog days of summer, when the sun hangs in the sky and the air is hot enough to make the paint peel, our thoughts naturally turn to things like floating lazily on a boat in the water, a drink so cold drops of water form on the glass, a breeze at sunset. For most of us, our thoughts don’t go further than sundown, when the air cools and the crickets begin chirping; five months in the future seems an eternity away. But despite our natural inclinations, according to finance experts, now is the […]

Don’t Empty Your Pocketbook This Wedding Season

Wedding ceremonies are deeply rooted in tradition, which comes hand in hand with certain expectations. Whether you have been planning the details of your wedding day since childhood or are new to the party, it’s important to keep a budget in mind. No matter how you envision it, “The Big Day” is just one moment in the rest of your lives together. It’s wise not to start that journey in financial ruins. According to a study done by popular wedding planning site The Knot, a poll of 13,000 brides and grooms revealed that the average […]