Transcript: Hello, this is Jeff Kelly and today is March the 4th 2020 and today I would like to talk to you about corona virus and bankruptcy. Now, when you first hear this title, you might be thinking to yourself, what in the world could Corona virus possibly have to do with bankruptcy? How could they be connected in any way, shape or form? And my answer is that our bankruptcy system will be crucial in assisting the citizens of our country in recovering from the economic fallout of the Corona virus. Over the past few weeks we have seen the Dow Industrial drop, about 12% and personally I think it’s going to drop a lot more. I am not a Financial Advisor. I am not giving financial advice to anybody, but I’m just telling it personally, I would not be shocked to see a drop to 16,000 before it’s over. Now, if you go to my personal Facebook page, you will see actually that I did predict the massive drop right before it happened. And I think this Corona virus crisis is probably one of the most predictable that we have seen in our lifetime. And we have seen it coming and medical experts are saying that if you catch it, it can take as long as three weeks to fully recover. So, how’s that going to impact the average American worker? Well, most average people don’t get a lot of paid sick leave from work. So you know what’s going to happen to the average person that’s out of work for three weeks and ...
Hello, this is Jeff Kelly and Today is August 31, 2020. Today’s title of what I’m going to talk about is why should student loans be dischargeable in bankruptcy? I believe that it is way past time to end the economic slavery that millions of college graduates across our country suffer and make student loans dischargeable in bankruptcy just like they were back in the 90s. Can you imagine the nightmare of living with a $200,000 debt that just hangs over your head increases with interest every single year? For many Americans this nightmare is their daily reality. Want to finance a house? Forget it. Want to finance a car? Forget it. How about getting a loan to start a new business? Forget it. When a dark cloud of student loan debt hangs over your head moving forward is economically impossible. Now, prior to 1976, student loans could be discharged just like any other debt. And over the years, restrictions were added. The first restriction was you had to wait five years after graduating before you could discharge student loans. Then the goal line got changed to seven years and then in 1998, the hammer was completely put down. Student Loans could virtually no longer be dischargeable in bankruptcy. As a result, if you want to go find a good summary on the internet about the history of student loans and bankruptcy, you can go to savingforcollege.com backslash article backslash history of student loans bankruptcy discharge the consequences of making student loans non-dischargeable in bankruptcy. Since 1998, the cost the cost of a college education has more ...
Transcript: Intro Speaker: It’s time for KellyCanHelp hosted by Jeff Kelly, Attorney at Law with the Law office of Jeffrey B. Kelly. And now here’s Jeff Kelly. Jeff Kelly: Go Alright, ladies and gentlemen, we’ve got a fun guest today on the radio show. Lee Treadaway, somebody I used to work with many many many years ago. And Lee I just love that story. many months ago when I used to work at Fuller McKay. And and before I ever met you, I felt like I knew you because Ken Fuller would say that he’d go shopping for groceries at the old Piggly Wiggly that was over there behind what is now Stanley’s. And I used kana have got hired this boy when he gets out of law school named Lee Treadaway. Every time he went grocery shopping your mother was your fan brother. You got a good mother, don’t you? Lee Treadaway: Absolutely. Absolutely. She. Yes, she stayed after Ken until he really had no choice. But for McKay, those were some fun times. They were they were fun. We all work together. Jeff Kelly: So So now you’re you’re doing elder law. Is that right? Lee Treadaway: Well, I’m doing I’m doing some wills and estates and Okay, trying to focus on Elder Law within that, and also a little bit on special needs trust as well. Jeff Kelly: Yeah. Lee Treadaway: What there’s a lot of overlap in that. Jeff Kelly: Excellent. Excellent. Jeff Kelly: So how many years? How many years you’ve been practicing now? It’s been a while? Lee Treadaway: Yeah, let’s see. Um, gosh, I Lee Treadaway: I became a member ...
