The months leading up to the choice to file bankruptcy can be demoralizing and stressful, but Kentucky residents in financial distress often look forward to the benefits of court intervention and a fresh financial start. One of those benefits is asset protection. Rules for protection of assets differ under Chapter 7 and Chapter 13. The family home and transportation are typically protected, but debtors may remain uncertain about the safety of their retirement accounts.
Individuals in Kentucky and throughout the country may soon find that it is easier to bring legal challenges against banks and credit card companies. On July 10, the Consumer Financial Protection Bureau issued a new rule stating that companies cannot use arbitration clauses to prevent class-action lawsuits. These clauses have traditionally made it harder for consumers to take action against such entities. Many consumers aren't aware that such clauses exist in their bank or credit card contracts.
Distracted driving is always dangerous driving, no matter what. Many Kentucky drivers believe that they are safer because they use hands-free devices and do not text and drive, but that is not always the case. It is certainly beneficial when a driver puts down the phone while operating a vehicle, but even with both hands on the wheel, distraction can happen.
Encouraging signals of growth in the economy aside, some Kentucky residents are still suffering from creditor harassment and in need of debt relief. Filing for bankruptcy is never an easy choice, and it can become complicated when considering how the options could impact individual situations. One Virginia court decision showed how a Chapter 7 case may play out, and the results could provide encouragement to a debtor seeking this route.
Borrowers in Kentucky and across the United States are likely to see their payments rise following interest rate hikes announced by the Federal Reserve on June 14. Credit cards, home equity loans and adjustable rate mortgages all base their variable interest rates on the Federal Reserve benchmark. Fixed rate loans, on the other hand, remain the same regardless of the Fed's rates.
For approximately nine months, you navigated the emotional and physical ups and downs of pregnancy, eagerly anticipating the moment to come when you'd finally go into labor and bring your newborn infant into the world. Like many other mothers in Kentucky, your delivery day may have arrived quite unexpectedly. Perhaps, you thought it was going to be a day like any other day, until your water broke while you were walking down stairs and you suddenly knew it was time to go to the hospital.
Parents of Kentucky teenagers often feel positive about their children entering the work world. Those same entry-level positions that provide spending money and college savings can also result in a higher risk of workplace injury and fatality than adults in the field. There are some common hazards young people face and measures employers can take to reduce the risk.