Chapter 13 bankruptcy can be a way for people in Kentucky who are drowning in debt to obtain protection that can save their home and their car while they work to regain financial stability. This kind of bankruptcy can be a good choice for people who have too high of an income to qualify for Chapter 7 bankruptcy and are struggling with mortgage debt or other major financial concerns. With Chapter 13 bankruptcy, filers can create a plan to repay their debts that stretches out over a period of three or five years.
Kentucky ranks eighth on a top 10 list that isn't a cause for celebration for the state's residents. It's a list of the 10 states with the most residents who have debt in collection. Forty percent of Kentucky's residents have overdue debt, which is more than the national average of 33 percent.
Kentucky residents may find some of the statistics outlined by President Donald J. Trump in a recent proclamation to be surprising. In his proclamation, President Trump declared December 2017 as National Impaired Driving Prevention Month. The announcement included statistics showing that, on average, in the United States, one person dies in an alcohol-related car crash every 50 minutes. In 2016, alcohol-related accidents led to more than 10,000 fatalities, accounting for 28 percent of all traffic fatalities that year.
Dealing with any kind of debt can feel overwhelming. You may feel like many other Kentucky residents who believe that accruing debt is best left avoided. Unfortunately, not everyone can avoid accumulating outstanding balances due to a number of circumstances, and you may have found yourself facing substantial debt in various forms. Now that you need a serious approach to taking care of your liabilities, you may wonder whether bankruptcy could suit your needs.
Debtors looking for a fresh start in Kentucky often have the option of filing for bankruptcy. However, they must reveal all assets during the process. The denial of one woman's bankruptcy discharge in Illinois illustrates the importance of full disclosure of personal assets, including cash, on forms for the court.
Driving on busy Kentucky highways can make your heart feel as though it has skipped a beat when nearby motorists exhibit behaviors that make you feel at risk for collision. Sometimes, if you spot potential problem drivers in your vicinity, you may be able to safely distance yourself or take the nearest exit and alternate route. If you can, it may help save other lives as well if you're able to report a particular sign of trouble to the appropriate local authorities.
People in Kentucky who routinely work outside should be sure to take the necessary precautions to protect themselves when the temperatures fall during the winter. Not only should they have the proper personal protective equipment, but they should also be sure to take regular reprieves from the weather. The occurrence of cold stress injuries and the threat of hypothermia, trench foot, frostbite and chilblains can be reduced if one limits exposure to the cold.