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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 […]

Mortgage Shopping in Today’s World

KY Mortage Rate Lawyer

Buying a home is neither easy nor cheap. At one time a great investment, the “American dream” of home ownership became a bit of a nightmare during the subprime mortgage crisis of 2008. The mortgage market has been moving in a favorable direction since then, with interest rates falling, banks lending, and consumer confidence increasing. Technically, mortgages are the written agreements that govern home loans between banks/lenders and consumers/borrowers. Of course, the banks are lending the money for a profit, so it’s important to make sure you shop around for the best deal. For 2013, […]

When the Only Two Things that are Certain in Life Finally Come Together: A Decedent’s Final Tax Return

Kentucky Bankruptcy Attorney

The first time a wage earner makes enough money to trigger the income tax filing requirement usually results in a fairly simple return. In contrast, a taxpayer’s final return filed after his or her death is quite complicated. When a taxpayer dies, a legal entity called an estate is automatically created to make sure that all of the decedent’s income is accounted for. A decedent’s surviving spouse or personal representative should promptly notify all payers of income about the death and, in turn, they should stop using the decedent’s social security number. Instead, the estate […]

Tax Time Again

KY Bankruptcy Lawyer

In between National Pecan Day on April 14 and National Wear Your Pajamas to Work Day two days later, it’s possible that you might not have a chance to also adequately prepare for Income Tax Day. Luckily, you get bonus time this year, due to the Emancipation Day holiday. Annually held on April 16 to mark the anniversary of the signing of the law that ended slavery in Washington, D.C., Emancipation Day is being observed on Friday, April 15, which bumps Tax Day to Monday, April 18. Basic Info If your adjusted gross income is […]

Financial Power of Attorney Dos and Don’ts

KY Financial Power of Attorney

No one enjoys the idea of losing their independence and having to rely on someone else. However, when used properly, a power of attorney can ensure that a trusted person is handling your financial affairs when you’re not mentally or physically capable of doing so yourself. Powers of attorney are highly customizable and can be drafted to address individual situations. Initially an inexpensive way for someone without a lot of money to do some estate planning, a power of attorney has evolved into a fairly standard document. If you’ve been entrusted by someone else to act […]