Please check out Our Resources for valuable information Louisville Foreclosure Attorney concerning the bankruptcy process. This will give you information and a starting point regarding bankruptcy, debt consolidation, debt resolution, and debt settlement. Your Chapter 13 bankruptcy case is officially, completely over once the court issues the final decree. You will be nearing the end of your case when you complete your repayment plan, submit your final paperwork, and receive your discharge order.

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Information provided during the initial consultation is privileged through attorney client relationship.We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. [newline]When a business is seeking debt relief through bankruptcy, it most often does it through Chapter 11 bankruptcy. Similar to Chapter 13, Chapter 11 is a debt repayment plan that is designed to help businesses, and in some cases individuals, when large assets and debts are at stake. The expense and complexity of the Chapter 11 process require the attention of a skilled Chapter 11 bankruptcy lawyer. At Schwartz Bankruptcy Law Center, we work tirelessly on behalf of businesses and individuals in Kentucky and Indiana. Our lawyers are resolute in our commitment to protecting clients throughout the course of addressing and resolving their Chapter 11 bankruptcy issues in bankruptcy court.

Kentucky Bankruptcy Laws

Before submitting your bankruptcy petition to the bankruptcy court, there are certain steps you and your attorney must take. You will need the certificate of completion in order to begin your bankruptcy case. To give the client a low price, you can always cut corners and do less work.

Keep in mind that only nonexempt assets may face liquidation in a Chapter 7 filing, regardless of the exemptions. Most people will be able to protect their essentials, such as their home, their car, and even tools of the trade. For those who are experiencing a temporary gap in income, perhaps due to a job loss, a divorce, an injury or an illness, it can be difficult to continue to make ends meet. By the time income is restored, late fees, higher interest rates and overdue payments may have snowballed to make it impossible to catch up.

We will help you understand your options and determine which chapter of bankruptcy is right for you. Our clients have dealt with many of life’s challenges, resulting in overwhelming debt. They chose to address their debt head-on and give themselves the fresh start they deserve. Filing a chapter 7 bankruptcy or a chapter 13 bankruptcy can put an end to your wage garnishment. Once you file and have a case number, creditors will no longer legally be able to pursue you.

Sometimes, a debt consolidation loan or debt settlement plan is ultimately a ploy to trick consumers into paying more than they owe. Unfortunately, the relative newness and popularity of this industry mean it is largely unregulated. At O’Bryan Law Offices, we offer Kentucky residents a chance to achieve debt relief without being left worse off than they were before. In Chapter 13 bankruptcy, you can generally keep your property while reorganizing your debts. Unlike Chapter 7, which may involve liquidating assets to pay creditors, Chapter 13 allows you to create a repayment plan spanning three to five years to settle debts.

The good news is that you don’t have to have a lawyer to file Chapter 7. You can keep the costs down by filing without one, either using Upsolve’s filing tool or going it alone. If you’re facing bankruptcy in Kentucky, you may feel lost in terms of where to start or who to talk to. The bankruptcy process is often confusing and complicated for many people, which is why we recommend working with a Kentucky bankruptcy lawyer.

These are most common when the creditor’s claim is supported by an interest in collateral. We can negotiate with the creditor to protect your interests in these situations. In Kentucky, you can use certain wage garnishment exemptions to your advantage. They keep your creditors from taking more than a certain acceptable amount from your wages.