While many of these companies are reputable and fair, others Louisville Bankruptcy Attorney prey on desperate consumers looking to be debt-free. Below, we briefly outline how these companies work, as well as what to look out for. We’re just a 20-minute drive west of Mount Washington, so don’t hesitate to contact us if you’re in need of legal help. We’re a straight shot down KY-44 W for 10 miles, and then you’ll turn left onto Joe B. Hall Avenue and right onto S Buckman Street.
What Others Are Saying About O‘bryan And O’bryan Law
In Louisville, reliable transportation is crucial for daily commuting and maintaining employment. Our attorneys have successfully assisted clients in retaining their vehicles through both Chapter 7 and Chapter 13 filings. By leveraging local ‘fresh start’ programs offered by car dealers, we can help you secure a more dependable vehicle, ensuring you stay mobile and financially stable. 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. If you owe back taxes, there are a number of tools to resolve the problem including penalty abatement, Currently Not Collectible status, Offers in Compromise, and Installment Agreements.
You’ll start attending these meetings about 30 to 45 days after you file your petition to give your creditors an opportunity to object to your repayment plan. You’ll need to provide a detailed accounting of your income, debts, assets, and expenses. You’ll also need to list any creditors you want to include in your repayment plan. First and foremost, you should only file for Chapter 7 bankruptcy if you’re truly in a financial bind and cannot afford to pay your debts.
Don’t put it off any longer because fees and interest grow quickly, Call the Law Office of Clark Daniel Dray now to schedule your free consultation. Chapter 7 Bankruptcy and Chapter 13 Bankruptcy The idea of having to file bankruptcy often comes with feelings of guilt, shame and humiliation. However, don’t let yourself fall further into debt because you hesitate at the thought of filing bankruptcy. Believe us when we say that filing bankruptcy may be the most important step you can take for both your financial health and your emotional health.
⎆ Proposing A Repayment Plan
Kentucky also has a $1,000 wildcard exemption to protect anything you want. Filers who’ve lived in Kentucky for at least two years can choose to use federal exemptions or state exemptions. However, you’ll need to examine both to see which provides the best protection for the assets you have. If you need to make any changes/amendments to your bankruptcy forms after filing Chapter 7 bankruptcy, the Eastern District’s website provides detailed guidance regarding amendment fees. The Eastern District of Kentucky allows online filing through its electronic Self-Representation (eSR) system or you can go to the courthouse in person.
We will help you and your family get through the legal process, from beginning to end, with confidence. If you need a competent Louisville bankruptcy lawyer to help you with any issue concerning consumer or business bankruptcy, look no further than Schwartz Bankruptcy Law Center. Many people wonder what percentage they should aim for when attempting to settle their credit card debt through debt settlement. As a debtor, you’ll want to try to settle for a small percentage of your debts.
However, if you’re looking to buy a house or car in the near future, you may want to consider another option. The United States Bankruptcy Code provides different options for resolving your personal debt obligations. There are various types or “Chapters” of bankruptcy available to you depending on your needs. Each type of bankruptcy has its own requirements for filing, as well as unique powers not available through other types of bankruptcy. Another way that bankruptcy attorneys in Louisville may get paid is through an hourly rate. In this fee structure, the attorney charges a set hourly rate for the time they spend working on the case.
This is especially true if you are someone who is currently falling behind on your mortgage payments or are otherwise in a significant amount of debt that you can’t get out of without help. Income Taxes can be discharged in bankruptcy after 3 years if you properly filed the returns. Student loans can sometimes be discharged because some of them are not from qualified… Three different federal reserve studies show your credit actually improves after you file bankruptcy. As a Wills & trusts lawyer, I help many individuals and families prepare for the future. When you have a Will in place, your family won’t be left guessing what your wishes may be or who your beneficiaries should be.
We will not get your hopes up for some unrealistic ending to your situation. Instead, we will be honest and work hard to help you pick the best option for your situation and see you through it. Chapter 11 bankruptcy is often an appropriate step when a business needs to restructure the debts it has and reorganize its finances so it can stay open. Chapter 11 bankruptcy involves the financial restructuring and reorganization of a business, which may be an incredibly complicated process. This type of bankruptcy enables a business to maintain many of its assets while it restructures itself to better manage its debts. This is an effective alternative to Chapter 7, which would require a business to liquidate its assets in order to pay debts.
You need to know that there are options for resolving your medical debt. If you are overburdened by existing medical debt, give us a call for your Free Bankruptcy Consultation. Other areas of law often involve some sort of loss, but that’s usually not the case with bankruptcy.
At our firm, a seasoned Louisville, Kentucky consumer bankruptcy lawyer can help you create an affordable repayment plan that takes your income and living expenses into consideration. We will come up with an affordable payment plan that allows you to pay only the amount of debt you can afford to pay based on your budget. The goal of the debt repayment plan is for you to succeed with it over that three- to five-year period and to emerge debt-free at the end of the plan. Depending on your individual circumstances, you may be required to pay back anywhere from 10 percent of your debt to 100 percent. Fortunately, with a knowledgeable bankruptcy lawyer in your corner, you have options.
Kentucky’s exemptions on personal property are also not as generous as other states. According to the Kentucky bankruptcy exemptions, the following forms of real or personal property are exempt. Kentucky allows filers who have lived in the state for at least two years to choose between using Kentucky bankruptcy exemptions and federal exemptions. Below, we outline the Kentucky-specific exemptions as well as federal bankruptcy exemptions. Having an understanding of both sets is important for your bankruptcy case. It’s important to know where the bankruptcy court that will handle your case is located.
For more specific information related to the benefits of bankruptcy, we recommend reading our related article. You’ll also need to disclose any lawsuits that have been filed against you and any property that has been repossessed. At our firm, we assist clients with filing for bankruptcy and with other consumer protection matters. By sitting down to a free initial consultation with a skilled and knowledgeable bankruptcy lawyer, you can start taking control of your finances. Call our office or complete our online contact form to get started. The attorneys at Hodge & Smither understand that times can get tough for Kentucky households.
Your 341 meeting (also called the creditors’ meeting) may be held virtually, via phone, or in person. You’ll get a notice with your meeting details, which takes place about a month after you file your case. Chapter 7 is the best choice for bankrupt individuals because it’s fairly affordable, and they get to keep their house and their job throughout the whole process. Individuals are generally required to sell assets during a Chapter 7 case.
If you don’t own a home, or if you have a partially unused homestead exemption, you can use up to $13,950 of that as another wildcard exemption. As of April 2022, you can also receive a full federal exemption for the following. One of the most significant reasons why many people choose the federal exemption option is for the more generous homestead exemption. The Kentucky homestead exemption only protects up to $5,000 of the equity in your home.