Recent News
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...
New 6th Circuit BAP Decision relating to State Court Judgments Effect in Bankruptcy Court
A state court default judgment should be given collateral estoppel effect only where there is sufficient participation by the parties to meet the actually litigated requirement. Where the issue of whether the debtors conduct was willful and malicious was not actually...
Secrets of the Debt Collection Business
A good blog post on walletpop.com from a former debt collector outlining the tactics they use, both legal and illegal, to harass debtors into paying or settling debt. You should never settle a debt without first discussing the ramifications of that settlement with an...