Our Legal Blog

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

How to Confront Unpaid Loans with a Bankruptcy

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 […]

Debt Collectors and the Courts

Kentucky Credit Couseling Lawyer

There’s a reason they call it drowning in debt. Owing money can feel like never-ending waves of responsibility, alternating between hope that the tide is turning in your favor and despair that you are going under. Financial obligations can overwhelm any of us. Many well-intentioned Americans struggle with credit card debt, mortgages, medical bills, student loans, and more, often just one paycheck away from having to make tough choices. Of course, creditors are entitled to their money, but it sometimes seems as if they are throwing you an anchor when they could be tossing you […]

What Happens to Debt After You Die?

Kentucky Debt Relief Lawyer

An alarmingly large number of Americans spend much of their adult lives in debt. Driven by mortgages, car loans, student loans, and credit cards, it’s been estimated that 80 percent of us are in debt. At least banks and creditors can’t follow us beyond the grave, right? Unfortunately, that depends. When people die, their estate goes into probate. Part of that process involves their assets being used to pay their debts. Life insurance policies, pension plans, 401(k) plans, and other similar holdings are typically not considered part of the estate if a designated beneficiary is […]

Protecting Your Credit When You Marry into Debt

Estate Planning

Blooming flowers and baseball season share this time of the year with many blushing brides. May and June are peak months for weddings, and while it’s wonderful to focus on celebrating your love, it’s also important to take a step back to examine your post-nuptial financial picture. Although it can be difficult to talk about finances, they are a big part of the life that you are committing to share, and it can strengthen your relationship to make a plan as a team for dealing with any issues. Debt brought into marriage is a problem […]

Bankruptcies on the Rise Among Baby Boomers

Kentucky Bankruptcy Attorney

MC Hammer. Cyndi Lauper. Meat Loaf. Willie Nelson. Marvin Gaye. Toni Braxton. Tom Petty. Mike Tyson. Kim Basinger. These unique personalities are talented musicians who also share the distinction of being Baby Boomers that have filed for bankruptcy protection. And they are being joined daily by many less famous people of their generation. While the amount of debt owed is often significantly less than the millions owed by these celebrities, bankruptcy filings are rising for those born between 1946 and 1964. Now between 52 and 70 years old, there are about 75 million boomers representing […]