Below you will find important information on Kentucky state debt recovery laws including: Kentucky Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: KENTUCKY
Interest Rate
- Legal: 8%
- Judgment: 12%
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 5
- Written Contract: 15
- Oral Contract: 5
- Domestic Judgment: 15
- Foreign Judgment: 15
- Sale of Goods: 4
- Promissory Notes: 6
BAD CHECK LAWS (CIVIL PENALTY)
N/A
GENERAL GARNISHMENT EXEMPTIONS
75% of disposable income or 30 x fed. min. hourly wage, whichever is greater.