Franklin Debt Relief
Free Consultation Form
First Name:
Last Name:
Phone No.: --
Email :
Debt Amnt:

Debt Relief Solutions
What's New?

Non Profit Debt Relief Scams

Non-profit debt relief companies have become an increasingly popular option in recent years, due to the economic downturn and...


Reputable Debt Consolidation

A lot of people turn to debt relief agencies after their credit score has already been significantly damaged by late...


Follow FDR in


  Home About Us Blog Privacy Policy Testimonials Contact Us
Credit Card Debt Consolidation Help  in Kentucky
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
Kentucky  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Kentucky consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
Pertinent Kentucky  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Kentucky consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Kentucky.)

Debt Collection

Kentucky (KY) follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

Maximum Interest Rate a Collection Agency Can Charge in Kentucky: 8%

Kentucky Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but currently live in Kentucky, the applicable statutes of limitations would be Texas'.)

Oral Agreements: 5 years
Written Contracts: 15 years
Promissory Notes: 15 years
Open Accounts (credit cards): 5 years

Bankruptcy Courts

U.S. Bankruptcy Courtroom
2nd Floor
Federal Bldg. & U.S. Courthouse
Greenup Avenue and 15th St.
Ashland, KY 41101

U.S. Bankruptcy Courtroom, 608 BB & T Bank Bldg., 334 Main St.,
Pikeville, KY 41501

U.S. Bankruptcy Courtroom
100 East Vine St.
Lexington, KY 40507

U.S. Bankruptcy Courtroom,
John C. Watts Federal Bldg.
330 West Broadway,
Frankfort, KY 40601

Second Floor Courtroom
U.S. Courthouse
300 South Main Street
London, KY, 40741

U.S. Bankruptcy Courtroom, 35 W 5th St Rm 306,
Covington, KY 41011

Gene Snyder Federal Courthouse
601 W. Broadway
Louisville, Kentucky 40202

Federal Courthouse
241 East Main Street
Bowling Green, KY 42101

United States Courthouse
423 Frederica Street
Owensboro, KY 42301

United States Courthouse
501 Broadway
Paducah, KY 42001

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Kentucky. For more information, follow this link: bankruptcy exemptions.

Also, Kentucky is a tenancy by the entirety property state. Click here to learn about what this means if you have debt that's in only one spouse's name.

Real Estate, Auto, Personal Property

-Real or personal property used as residence to $5,000; sale proceeds exempt
-Motor vehicles to $2,500
-$1,000 of any property
-Clothing, jewelry, and furnishings to $3,000 total
-Burial plot to $5,000, in lieu of homestead
-Health aids
-Lost earnings payments needed for support
-Medical expenses paid and reparation benefits received under motor vehicle reparation law
-Prepaid tuition payment fund account
-Wrongful death recoveries for person you depended on, needed for support


-Annuity contract proceeds to $350 per month
-Cooperative life or casualty insurance benefits
-Fraternal benefit society benefits
-Group life insurance proceeds
-Health or disability benefits
-Life insurance policy if beneficiary is a married woman
-Life insurance policy if clause prohibits proceeds from being used to pay beneficiary's creditors
-Life insurance proceeds or cash value if beneficiary is someone other than insured

Public Benefits

-Aid to the blind, aged, disabled, and all other public assistance
-Crime victims' compensation
-Unemployment compensation
-Workers' compensation


-ERISA-qualified benefits
-IRA, SEPs, and Keoghs deposited more than 120 days before filing
-Firefighters, police officers
-State employees
-Urban county government employees
Tools of Trade

-Library, office equipment, instruments, and furnishings of minister, attorney, physician, surgeon, chiropractor, veterinarian, or dentist to $1000
-Motor vehicle of auto mechanic, mechanical or electrical equipment servicer, minister, attorney, physician, surgeon, chiropractor, veterinarian, or dentist to $2500
-Tools, equipment, livestock, and poultry of farmer to $3000
-Tools of nonfarmer to $300


-Alimony, child support needed for support
-Property of business partnership

Debt Settlement | Debt Negotiation | Avoid Bankruptcy | Bankruptcy Alternatives | Debt Relief | Debt Reduction | Debt Settlement Company | Debt Settlement Consolidation | Bankruptcy Resources
Debt Consolidation Resources | Debt Settlement Resources | Credit Counseling Resources | Useful Resources
2009 Franklin Debt Relief LLC. All Rights Reserved