On behalf of Marcus H. Herbert & Associates | Sep 20, 2019 | consumer bankruptcy
When the nation’s sixth largest coal producer filed for Chapter 11 bankruptcy protection, the majority of its 1,100 employees in Kentucky did not receive their final paychecks. In protest, five of its former coal miners blocked a train from leaving its plant in...
On behalf of Marcus H. Herbert & Associates | Sep 5, 2019 | consumer bankruptcy
Some debts are discharged as part of many bankruptcies. A discharge of debt under bankruptcy means you are freed from the obligation to pay it. Naturally, knowing when a discharge will go through is one of the top concerns of Kentucky bankruptcy filers. The U.S....
On behalf of Marcus H. Herbert & Associates | Aug 15, 2019 | consumer bankruptcy
Some debts, such as student loans, cannot be discharged under ordinary bankruptcy proceedings. However, bankruptcy filers still have recourse in the event paying off some loans or debts would be too cumbersome to attempt. If you are in this situation, you can make an...
On behalf of Marcus H. Herbert & Associates | May 23, 2019 | consumer bankruptcy
Bankruptcy provides a clean financial slate for those facing crushing debt. But, after the repayment plan is created or debts are discharged, one challenge remains – a problematic credit score. For example, a Chapter 7 bankruptcy will often pull someone’s...
On behalf of Marcus H. Herbert & Associates | May 22, 2019 | consumer bankruptcy
Many are aware that filing bankruptcy provides a wide range of protections, but student loans are usually not part of a short list of debts that cannot be discharged. This is bad news for the 44 million student loan borrowers here in the U.S., some of whom are...
On behalf of Marcus H. Herbert & Associates | May 6, 2019 | consumer bankruptcy
“It’s just life,” a sociologist and co-author of a recent bankruptcy study. “It’s not like they’ve done anything wrong.” According to that study, almost 60% of people who had filed for bankruptcy cited medical bills as “very much” or “somewhat” of a contributor to...
On behalf of Marcus H. Herbert & Associates | Mar 8, 2019 | consumer bankruptcy
For people in Kentucky who are experiencing financial problems that they do not believe they can escape, the stress can be overwhelming as they seek solutions and try to find a way to move forward. Bankruptcy is a legal strategy to overcome financial challenges and...
On behalf of Marcus H. Herbert & Associates | Feb 14, 2019 | consumer bankruptcy
You may be seriously concerned for your credit after filing for bankruptcy, especially if it comes after divorce or other major life event. The impact will weaken over time. In the meantime, you can start rebuilding your credit immediately. How will bankruptcy affect...
On behalf of Marcus H. Herbert & Associates | Dec 11, 2018 | consumer bankruptcy
Most college graduates understand the benefits a degree can provide, with increased employment opportunities and higher earnings potential. If you financed your own college education, you likely also understand the strain your student loans can place on you as you try...
On behalf of Marcus H. Herbert & Associates | Nov 27, 2018 | consumer bankruptcy
Carrying debt is pretty common in the United States. It appears it is especially common though among one particular generation: Gen X. Currently, the rough age range for Gen X is 36 to 51. A recent Lightstream report looked at survey data covering different...
