Recent News
Elbert: Courts need tool for paring home debt
An excellent editorial on the continued, pressing need for congressional approval of the right to allow bankruptcy judges to cram down unsecured home debt. John Rogers, Kentucky Bankruptcy Attorney
Large Collection Firm Owes $63 Million; Files For Bankruptcy Protection
Another casualty of the national economic meltdown. Apparently, the public can't even be squeezed hard enough anymore to force them to pay on back, charged off, credit card debt enough to make it profitable for the collection companies. This event could be very...
Student loan debt tops credit cards – Finaid.org
An interesting statistic, but not surprising, as more unemployed folks go back to college and more folks stop using credit cards as a means to replace lost income. This confirms what I am seeing in my law practice with clients. John Rogers, Kentucky Bankruptcy Attorney
Inspirational Thoughts
Some thoughts to consider when looking at your financial situation. This comes from one of my favorite authors and inspirational speakers, Michael Josephson. Mr. Josephson's primary focus is on ethics, but his writings and work apply to many situations: "At our...
1099's and the New Affordable Care Act ?
Who would have thought that there was a provision in the new health care reform law, also known as the Affordable Care Act, regarding 1099's. Well, Time found it: "The new Affordable Care Act (ACA) includes a provision requiring that all businesses send a 1099 tax...
Can you go to jail for not paying a debt?
This technique, described on the walletpop.com blog, has been used to success by a collection attorney here in South Central Kentucky. I haven't seen it lately, but have within the past year or so. It is basically an end run around the old maxim that you can not be...