James M. McDonough

James M. McDonough

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Jim provides his clients with cost-effective quality solutions - in a friendly and trustworthy manner.

Jim brings nearly 30 years of creditors' rights experience to Weltman, practicing in bankruptcy and real estate default. He represents credit unions and other financial institutions in bankruptcy and foreclosure matters, and has litigated complex cases for corporate clients in state, federal, and appellate courts. 

In working directly with credit unions and other lender collection managers, Jim seeks to understand their pressure to “make their numbers” and quickly bring in money from large volumes of charged-off accounts. When his solutions end up solving real problems, his clients feel appreciative that their collective efforts have made a positive impact towards their organization’s bottom line. 

In one of his former cases, Jim represented a credit union who was struggling to collect from a consumer who had recently filed chapter 7 bankruptcy, and was seeking to have their debts discharged. The loan was secured by a luxury vehicle, to which the consumer claimed to have no knowledge of its whereabouts. After two months of a little sleuth work – and finally holding the consumer in contempt of the Bankruptcy Court - Jim was able to find the hidden vehicle and arrange an auction, which returned $60,000 back to his client. 

Native to the Louisville area, Jim is married with two sons. He enjoys traveling and participating in long distance trail hiking throughout the U.S. His other passions include music (especially country), wood working, and watching college basketball.

Focus Areas



Kentucky, 1990
Federal Court for the Southern District of Indiana, 1993
Federal Court for the Eastern District of Kentucky, 1991
Federal Court for the Western District of Kentucky, 1991


J.D., Emory University, 1990
MBA, Georgia State University, 1990
B.S., Indiana University, 1981


Kentucky Bar Association: Member
Louisville Bar Association: Member 
Leadership Kentucky: Graduate, 2013
Boy Scouts of America: Scout Leader, 2003-12

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