Providence is a city in Webster County, Kentucky, United States. The population was 3,611 at the 2000 census. The city is named after Providence, Rhode Island. It is located in the southwestern part of the county, east of the Tradewater River. The town was founded by Richard B. Savage, who arrived in the vicinity from Virginia in 1820 with his eldest sister, Mary (Savage) Settler. On February 18, 1840, when the town of Providence was officially sanctioned, it had a population of 150, including three physicians, as well as five stores, two hotels, a school, a Baptist church, a Masonic hall and three tobacco stemmeries. In the heart of the state's Black Patch tobacco-growing region, Providence eventually became the third largest stemming market in America. Providence was incorporated in 1860. The onset of the Civil War slowed economic growth in the city, although no major battles took place there. A Confederate reconnaissance and foraging force commanded by General Nathan Bedford Forrest passed through between November and December of 1861. Commercial coal mining began in 1888, and by 1930 Providence residents numbered 4,742. In the 1930s depressed conditions in the coal fields resulted in a loss of population that continued through the 1960s. Providence' economy remains tied to coal and agriculture.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Kentucky

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...