Banking Law

If you asked most lawyers in Kentucky how long they have to file a collections suit against a debtor in default on a promissory note, they’d tell you “fifteen years.”  After all, a note is a contract, a debtor’s default is a breach, and KRS 413.090(2) provides that the statute of limitations for breach of […]

In a case recently decided by the Bankruptcy Court for the Western District of Kentucky, Bowling Green Division, the Court held that individuals who had ceased, and who had no intention of farming in the future, were still considered “family farmers” and eligible for relief under Chapter 12 of the Bankruptcy Code. In the case […]

Court of Appeals decision affirming-2010_10167-SAB

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