Once you file and have a case number, creditors will no longer Louisville Foreclosure Attorney legally be able to pursue you. In chapter 13, you will pay back your creditors, including the one trying to garnish you, with plan payments. In a chapter 7 bankruptcy, as long as the debt is dischargeable, they can take no further action against you. When you’re going through a financial hardship, declaring bankruptcy may be an option to remedy your situation.

 

As a result, we can handle most of the typical client’s legal needs. If we can’t, we’ll refer you to someone who can, because competent representation is the cornerstone of our practice, and satisfied clients the key to our success. These forms are to help you plan and manage your bankruptcy for all three regional bankruptcy courts where we practice in Louisville, Lexington, and New Albany, Indiana.

 

Defense Attorney Serving Kentucky

 

Chapter 11 bankruptcy is one of many bankruptcy proceedings listed in the U.S. bankruptcy code. There are other types of exemptions when you file bankruptcy in Kentucky that don’t really fit in the above categories. Kentucky’s exemptions on personal property are also not as generous as other states.

 

Filers must fill out and submit all the necessary forms in a timely manner in order to receive their bankruptcy discharge. We recommend working with a local bankruptcy lawyer, as they will already know what documents you’ll need at the federal and local levels. Everyone goes through hard times and some of life’s events can really set you back. Losing a job, an unexpected injury, or divorce can often lead to financial ruin. If you are faced with overwhelming debt, our bankruptcy attorneys can help you get the relief you are seeking.

 

There are also measures you can take before it comes to that point, like filing for bankruptcy. In most cases, an attorney will be a better option than a debt settlement company. They can help you with everything that a settlement company can, plus much more. Not only will they review your finances and find the best solution for you, but they will also negotiate with creditors on your behalf.

 

On the other hand, Chapter 7 is not the best choice for small businesses, and many don’t undergo this bankruptcy proceeding. Generally, businesses undergoing Chapter 7 will be forced to shut down while not receiving a debt discharge. Small business owners would receive more benefits through this chapter of bankruptcy if they just filed as an individual. They will also look at how much money you had in your accounts before you filed bankruptcy. This actually helps bankruptcy filers protect their money with any exemptions available to them. If you’re unsure of whether or not you qualify for certain exemptions, we recommend speaking with an attorney at a debt relief agency.

 

Bankruptcy Lawyers In Louisville, Kentucky

 

Unsecured debts, however, don’t have any collateral attached to them. This means that if you don’t pay, there’s nothing that’s taken away from you. However, your credit card company extends a line of credit for you. If you can’t pay back what you owe, they can’t take your property. Debt consolidations involve rolling multiple types of debt, such as credit card debt, into one monthly payment.

 

Instead, we will be honest and work hard to help you pick the best option for your situation and see you through it. The experienced lawyers at O’Bryan Law Offices do that by helping you regain financial independence in bankruptcy. We can also assist you when your circumstances call for an uncontested divorce, estate planning and personal injury representation.

 

Michelle O’Bryan’s legal career has been to serve those in the community who are undergoing difficult financial circumstances, thus helping them to get a fresh start. Michelle began practicing law in 1993, focusing on bankruptcy and individual’s rights under current law. Michelle has lived in Louisville her whole life and has practiced at the same location for 26 years. Michelle has a daughter in college and enjoys tennis, squash, and pickleball in her free time.

 

A Trustee’s questions are often to test to see if you could have filed as a Chapter 13. The bankruptcy estate is all of the property of the debtor in the bankruptcy court Southern District. We can have an ownership interest in the property we do not yet possess.

 

This depends on the attorney’s experience and the case’s complexity. In an emergency, our office can file a case with no money down. However, instead of costing a client about $1,538 to file for a single person and the filing fee, the cost is paid over a year is about $2,000 dollars for a zero-down bankruptcy. Whether you are facing a bankruptcy or another important legal issue, you need high-quality, experienced, knowledgeable representation.