An individual going through bankruptcy in Kentucky doesn't necessarily have to give up their vehicle during the proceedings. This may be true even if the lender was otherwise inclined to repossess the car. When a person files for bankruptcy, they receive an automatic stay of repossession or other creditor collection actions. Generally speaking, if the debtor agrees to make payments during the three or five year repayment plan, they can remain in possession of the car.
Researchers have just concluded a study that points out striking differences between the injury rates among men and women workers. Though the results will require further research to better understand, employees and employers in Kentucky may want to take the findings into account.
Americans had a collective credit card debt balance of more than $1 trillion in 2017. This was according to data from the Federal Reserve. However, that debt isn't necessarily spread evenly throughout the country. A Creditcards.com survey looked to see which cities had the most debt as well as which cities had the highest debt burden. The survey listed the top 25 most populous cities in order of their average debt balance per resident. The data did not include Kentucky.
Whether you have struggled with your finances for years or recently experienced a sudden event, such as a medical emergency or job loss that led to financial difficulties, you know that these issues can affect most areas of your life. You may find yourself unable to pay for necessities or other items without the nagging feeling that you owe a considerable amount of money to creditors. Often, the stress that comes along with substantial debt can leave you feeling overwhelmed.
A growing trend in Chapter 13 bankruptcy cases has affected the way residential mortgages are treated in bankruptcy court. A series of decisions from bankruptcy courts has expanded the application of so-called "cram down" mortgage modifications. Should this trend spread to Kentucky bankruptcy courts, it may have a major effect on debtors who own property.