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 Louisville Bankruptcy Lawyer working with a Kentucky bankruptcy lawyer.

Check your contract and receipt for collateral such as jewelry, gadgets, beds, furniture, and major appliances. If the loan isn’t unsecured, you’ll be able to pay it off, but the creditor will still have a claim on the property used to secure the debt. While it is possible to file bankruptcy without an attorney (or pro se), we do not recommend it. Filing bankruptcy of any chapter requires a decent understanding of bankruptcy law, as well as careful and meticulous preparation. When you work with O’Bryan Law Offices, you receive all the benefits of working with an experienced attorney and none of the risks of handling it alone.

People often assume that they’ll lose their home or other personal assets if they file a bankruptcy case, but a majority of the time, that’s not true. When I graduated from law school, I knew that I wanted to be in a field where I could provide people with hope. She is the only bankruptcy attorney in Louisville, Kentucky who gives out her personal cell phone number to all prospective and current clients.

Consolidating debt is most effective when the new loan or credit card has a lower interest rate than the one you’re presently paying. Also, if you have credit cards with no defined payback terms, a personal loan with a specified repayment schedule may provide you with the structure you need to keep to your repayment schedule. Mortgage companies who are not paid on time file motions for relief from the stay. A motion for relief from stay requests permission to start the foreclosure again in state court. Mortgage companies also file motions for relief from stay if they are not provided proof of tax and insurance payments. However, if you keep records of the mortgage, property tax, and insurance payments, you have evidence.

The means test will calculate your average monthly income and then determine whether you make too much money to file Chapter 7. The income limit for filing Chapter 7 also takes into consideration the number of people in your household. Those who do not qualify for Chapter 7 often file Chapter 13 instead.

To get an idea of what your Chapter 13 monthly payments might be, start by calculating your income for the six months prior to filing bankruptcy. Then, pay your priority debtors and make payments toward the secured debts you want to keep during your bankruptcy filing. Cooley & Offill Law Firm is client-centered, offering resourceful and skilled legal services throughout Kentucky for 23 years.

Additionally, these judgments fall off of your credit report after 7 years, so you won’t live with the consequences forever. Unfortunately, you must wait for this 7-year period to pass before the garnishment falls off your credit report. However, there are ways to build your credit score after the fact. Once you establish a confidential relationship with our firm, we can help you determine how to restore credit and achieve debt relief. If you owe back taxes, the federal government can garnish your wages through tax levies. However, there is a certain weekly exempt amount that you can take advantage of.

Find out which types of bankruptcies can help you keep your property and your paycheck.

While both chapters have their own specific advantages and disadvantages, they tend to work better when targeting a specific problem. Contact our law firm today to schedule a meeting or telephone conference in Owensboro, Lexington or Louisville. We shake the box to find the most effective method possible to solve your legal problem. Our attorneys do not hesitate to call on unconventional witnesses and find unique debt solutions to get the results you deserve. Stop harassing calls, stop wage garnishments and stop foreclosure. Wills, trust plans, power of attorney, it’s never too early to get started protecting yourself and loved ones.

Deal With Your Car

Creditors can attend the meeting and ask you questions, but that rarely happens. More often than not, the meeting is over after the trustee checks your IDs and asks you some questions about your Kentucky bankruptcy paperwork. You can also use Kentucky exemptions to protect other assets, such as wages, insurance benefits, and other intangible assets.

You’ll also need to attend a creditors meeting, typically about days after you file for bankruptcy. At this meeting, your creditors will have the opportunity to ask you questions about your bankruptcy case. Once your petition and schedules are completed, you’ll need to file them with the bankruptcy court in your district. You’ll also need to pay a filing fee, which is currently $338 for Chapter 7 cases.

At Schwartz Bankruptcy Law Center, our lawyers understand that filing for Chapter 7 bankruptcy isn’t for everyone. We realize that some people would like to maintain their integrity by paying back their debts. If you believe this type of bankruptcy may be right for you, simply contact a dedicated Louisville Chapter 13 bankruptcy lawyer from Schwartz Bankruptcy Law Center today. In a Chapter 13 bankruptcy, you repay your creditors in full or in part over the course of three to five years under a repayment plan to achieve debt relief. A Chapter 13 repayment plan helps people, families, and even businesses to restructure their debt.

How Will Filing Chapter 13 Affect My Credit?

A bankruptcy discharge is a decree by the court that prevents creditors from attempting to collect on discharged debts. Think of discharged debts as forgiven debts that you are no longer responsible for paying. Most forms of unsecured debt are dischargeable through bankruptcy. Once you make all your payments for your repayment plan, the plan is completed.

Disposable Income And The Means Test

Fortunately, if you find yourself in this situation, you’re in the right place. Schwartz Bankruptcy Law Center is here to help you get your life back. Filing bankruptcy can feel overwhelming, especially when you have a stressful mortgage, car loan, or have medical debt piling up. Luckily, we have compiled a list of best practices (and worst practices) for your bankruptcy filing. The bankruptcy lawyers at O’Bryan Law Offices are here to help you get your financial affairs back on track. If you’ve racked up significant debt on your credit card account, it is possible for your situation to get much worse before seeing some debt relief.