U.S. municipalities include cities, towns, counties, school districts, etc. So Chapter 9 isn’t an option for individuals, businesses, or corporations. Chapter 11 bankruptcy Kentucky Bankruptcy Lawyer is one of many bankruptcy proceedings listed in the U.S. bankruptcy code. Each state has different bankruptcy exemptions, and some states allow you to choose between state and federal exemptions.
Our attorneys are well-experienced, assisting clients with bankruptcy relief, criminal defense, personal injury representation and all legal matters. Upon filing Chapter 7 in Kentucky, the court will assign a bankruptcy trustee to your case. You’ll be provided with the trustee’s name and contact information in the court’s Notice of Chapter 7 Bankruptcy Case.
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.
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If someone has debts that are older than the statute of limitations, these are called time-barred debts. Debt collectors can no longer attempt to collect on these debts, nor can they file a lawsuit for them. 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. Before you send us any information, know that contacting us does not create an attorney-client relationship.
Stakeholders may file for Chapter 13 individually over the other chapters of bankruptcy because it’s cheaper, and they can keep their business open while paying off their debts. In order to start the Chapter 11 bankruptcy process, you should start by hiring a bankruptcy attorney. They will walk you through the entire process, ensure that your rights are protected, keep your best interest in mind, and pay off your business debts. Bankruptcy allows individuals, couples, and businesses that cannot meet their financial obligations to be excused from repaying some or all of their debt. If you have questions regarding bankruptcy law contact one of our recommended attorneys today.
In addition to helping you choose which chapter of the bankruptcy code you should file under, they can also help you file a claim to have your debts discharged. If you make all your required plan payments, you’ll be discharged from your remaining qualifying debts at the end of your bankruptcy case. A Chapter 13 bankruptcy discharge is more expansive than a Chapter 7 discharge because it absolves certain debts that can’t be annulled in Chapter 7 bankruptcy. In some cases, you may be able to have your repayment period reduced if you make payments early or pay more than required.
Filing for Chapter 13 bankruptcy will impact your credit score and report. Initially, your credit score may drop significantly due to the bankruptcy filing, and it will remain on your credit report for up to seven years or even 10 years in some cases. Most people choose between Chapter 7 and Chapter 13 to gain control over his or her financial affairs.
At O’Bryan Law Offices, we don’t want our clients to feel like filing a Chapter 13 bankruptcy is a bad thing. Despite what many people say, filing for bankruptcy is a path to financial freedom. Here at Schwartz Bankruptcy Law Center, we help those struggling with debt get the fresh start they deserve. We are committed to offering debt relief options that are in your best interests and are designed to give you peace of mind. Our attorneys have over 40 years of combined legal experience and know how to handle bankruptcy filings.
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.
As long as this stay is in effect, creditors cannot initiate or go forward with lawsuits or continue to demand payments. This stay also applies to house payments, which can save your home from foreclosure. Chapter 13 bankruptcy, also known as a wage earner’s plan, allows individuals with a regular income to create a plan to repay all or part of their owed debts.
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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.
Ms. Hirsch has 23 years of experience in bankruptcy law, and can work quickly to stop foreclosures, garnishments, and liens. She can also help you get protection from debt collectors, and help you set up a bankruptcy plan for your medical bills, credit card accounts, and other unpaid debts. If the future of your business is in jeopardy, you have options, but you should only explore those options with a seasoned attorney in your corner.
If you’re unsure whether it’s the right decision for you, speak with an experienced bankruptcy attorney. He or she can help you understand the process and decide if it’s the best option for your particular situation. The decision to file for bankruptcy can be overwhelming and stressful. Every year, thousands of people file for bankruptcy across the state of Kentucky. In fact, the bankruptcy laws were put in place to help individuals like you who are facing financial difficulties. Filing for bankruptcy affords the opportunity to eliminate bills or restructure debt into a payment plan that you can afford.
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There is nothing wrong in selling property or converting property before you file bankruptcy. You may not be able to keep 25,000 in the bank and file a Chapter 7…. The automatic stay is a temporary order which does not allow collections during a pending bankruptcy. In some cases you may qualify for the undue hardship discharge in bankruptcy.
