Blog of William R. Noelker, Attorney at Law
Business & Bankruptcy Attorney in Danville & Lebanon, Kentucky Serving All Nearby Areas
It’s no secret that industrial hemp is an incredibly profitable crop in Kentucky. Nearly 17 million dollars’ worth of Kentucky hemp-derived products were sold in 2017, according to the Agricultural Commissioner of Kentucky.
Thanks to the Industrial Hemp Research Pilot Program, licensed individuals and businesses can grow, handle, broker, and process industrial hemp in Kentucky. However, state and federal laws still place restrictions on the crop. If you want to get into the hemp business, it is essential to work with an experienced industrial hemp attorney like William R. Noelker.
Starting Your Business
If you decide to grow,…Read Full Post
Many potential clients want to know if we give free consultations. The answer is yes!
We provide free bankruptcy consultations. Simply call or contact us online to arrange a time to talk. We also offer complimentary consultations for clients in need of help with corporate law matters, including issues related to Kentucky's Industrial Hemp Research Pilot Program.
Contact us by calling 859-329-3992 today for your complimentary consultation.
- Bill Noelker
If there's one question our Danville bankruptcy attorney hears more than anything else from potential clients, it's: “Will bankruptcy make it impossible for me to get credit? Will my credit be ruined forever?”
These are fair and reasonable questions. The vast majority of us can't make our way in the world without ready access to credit: car loans, credit cards, mortgages. These are things we need to live the life we want to live.…Read Full Post
I am often asked how much it costs to file a bankruptcy. The answer is that it may cost you as little as $78.00 depending on your circumstances. The $78.00 covers the first installment payment for the filing fee in a Chapter 13 bankruptcy if you file in the Eastern District of Kentucky. There are four installment payments of $78.00 that must be paid but only the first is due at the time you file. So it is relatively inexpensive to start a bankruptcy case if you qualify. A Chapter 13 filing, in addition to being inexpensive to start, can also allow you to keep your home or a car even if you are behind on your payments or if you are currently in…Read Full Post
Most of my bankruptcy clients will ask me if they have to "file" on all of their debts. What they are really asking is can they keep their car or other secured asset after the bankruptcy is over. The answer is it depends, but most secured assets can be retained if the payments are current and the the client has enough income to keep the asset or purchase it for its fair market value.
Most of my clients are concerned with keeping a car because it provides the means for them to get to work. Without it they may lose their jobs so it is a very important asset for them. The bottom line is that usually they can keep a car as long as those…Read Full Post