Recent News
Big Money: Why People Blow It, by Don McNay
My friend Don McNay has a new article up on why folks that come in to large sums of money spend it so quickly. It is a very interesting article and has good tips we all could follow when coming into an unexpected sum of money beyond our regular income. I have had...
New York Times: Surge in Homeless Pupils Strains Schools
ASHEVILLE, N.C. — In the small trailer her family rented over the summer, 9-year-old Charity Crowell picked out the green and purple outfit she would wear on the first day of school. She vowed to try harder and bring her grades back up from the C’s she got last spring...
You know foreclosures are getting bad when…
...cities start using exotic fish from the Amazon to clean abandoned pools: http://www.palmbeachpost.com/localnews/content/local_news/epaper/2009/08/14/a1a_algae_fish_0815.html ...if this continues... I am afraid of what might happen when these exotic fish wind up in...
Is there a minimum amount of debt I must owe before I can file bankruptcy?
I get this question asked to me by clients frequently, as well. Oklahoma Bankruptcy Attorney Dan Nunley has taken a stab at answering it and has done a great job:...
Debts of spouses…are you liable? Maybe
Attorney Craig Andresen has a good post on the subject: http://www.bankruptcylawnetwork.com/2009/08/31/good-news-for-responsible-spouses-you-arent-responsible-for-the-other-spouses-debts/ but in Kentucky there is a little known law, KRS 404.040, that has been on the...
Debts of deceased relatives… are you responsible?
North Carolina Bankruptcy Attorney Susan Robicseck has a very good post on her blog about why you are not liable for a deceased persons debt. Kentucky law is very similar here to North Carolina law in that the deceased's assets are liable for their debts:...