Kentucky Deed in Lieu of Foreclosure Law
A deed in lieu of foreclosure only means you automatically and immediately lose possession of the home. A deed in lieu will not normally be accepted when there are other liens, such as tax liens, against the home or a second mortgage. Rather, each lien and mortgage has to agree to release their lien to […]
Contempt of Court for Default Judgements
Contempt of court is an effective method to collect a debt. You may have thought you could ignore a lawsuit or a notice to appear in court. But consider this scenario. You fail to appear in court, and the judge orders a bench warrant for your failure to appear. You are then arrested. The bond […]
Keeping Your Inheritance in Bankruptcy
You may be able to keep an inheritance in bankruptcy or funds from a lawsuit if you know how to exempt it or if you know how to time the filing of your bankruptcy according to the bankruptcy code. Whether you file for Chapter 7 or Chapter 13 bankruptcy also determines whether or not you […]
Cheap Low-Cost Attorney Fees in Chapter 7 Bankruptcy
The problem with cheap low-cost attorney fees in Chapter 7 Bankruptcy is you get a cheap 500 – 600-dollar attorney. Some debts fail to be discharged. Fees are added on later. Work often gets filed late or goes unfiled because you didn’t pay for it. Or you lose property because he won’t do the work […]
Fraudulent or Preferential Transfers • Fair Market Value • Video
Just when you thought it was safe to go back into the water another shark-eating shark shows up. You might think a closing attorney or bank doesn’t have to pay both the seller and the buyer for a building. However, that’s incorrect. In fact, a trustee can undo a perfectly good property purchase. That’s when […]
Kentucky Debt Collection Statute of Limitation
Kentucky Debt Collection Statute of Limitation Recently we were asked a question on Avvo about whether a debt collector can collect on an overdraft checking account after seven years. This person had overdraft charges, and USAA bank was holding him accountable on a checking account on the check. He asked if there was limited consumer […]