With our office you can file a skeleton Louisville Bankruptcy Lawyer petition so you can get all the benefits immediately and prepare the majority of the petition the next day. Then, the garnishments stop immediately, the bank attachments end, and the harassment stops. With these cases, the law office prepares the majority of the petition the day after the case files. Collectors are not polite and will not work with you, but you are not under their control. 15,000+wills & estates planned by lawyers at O’Bryan and O’Bryan Law. We also counsel clients from all over Kentucky and Indiana on the following issues.
Do you have enough leftover income to work on paying down your debt after you deduct essential expenses? If you do have enough, you will be dismissed from Chapter 7 by the bankruptcy court. Then, you will file Chapter 13 bankruptcy.However, in Chapter 13, your unsecured debts cannot exceed $419,275, and your secured debts cannot exceed $1.257 million. If you are unsure of what to do next with your bankruptcy case, we recommend speaking with our professional bankruptcy lawyers. Many people consider filing bankruptcy for credit card debt, medical debt, default mortgage payments, or other financial reasons.
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If you cannot produce copies of canceled checks or receipts for payments, the home will simply go back into foreclosure. We understand how scary and frustrating it can be to face aggressive or persistent debt collectors on your own. Luckily, our attorneys are here to help protect consumers in Kentucky and Indiana from deceptive practices from their creditors. We will also outline and explain your options for dealing with debt collectors and getting your finances back on track. Debt consolidations involve rolling multiple types of debt, such as credit card debt, into one monthly payment.
We exist to help you find the highest rated Louisville lawyers for your needs. Prior to joining the firm, Brian served as a federal judicial law clerk for the Honorable Thomas H. Fulton of the U.S. Medical Bankruptcy is not a type or “Chapter” of bankruptcy according the US Bankruptcy Code, however it is one of the major types of debt that causes people to seek bankruptcy protections. According to recent studies, over 50% of Americans have had medical debt sent to collections at one point or another. With rising medical costs and increasing out-of-pocket medical expenses, this number will likely continue for the foreseeable future.
Once these are completed, all that remains is receiving the final decree from the court. The final stretch of your bankruptcy case will be handled largely by the bankruptcy trustee, as they must submit certain documents to the court. Usually, the closing process begins after you have completed all of your plan payments, which is around months after filing. If an issue arises that affects your ability to make payments, have your attorney work with the bankruptcy trustee to propose a modification of the plan to the bankruptcy court. All modifications are subject to approval by the court before they go into effect. You may also be able to convert Chapter 13 to Chapter 7 under certain circumstances.
However, filing Chapter 13 after Chapter 7 means you don’t have to repay any of the unsecured debt you discharged in Chapter 7, allowing you to focus on your mortgage debt. In fact, filing Chapter 7 and then a 13 often makes saving the home affordable and possible. Additionally, Kentucky follows federal guidelines when it comes to limitations on wage garnishments. The Fair Labor Standards Act prohibits debt collectors from garnishing more than 25% of someone’s wages per pay period.
Under Chapter 7, a trustee is appointed by the court to collect and sell your nonexempt assets and distribute the proceeds to your creditors. You are allowed to exempt (keep) certain property, but most people who file for Chapter 7 have few, if any, nonexempt assets. Then you may have started looking at what options you have to relieve yourself of your debt. If you live in the United States, you have a few options to consider. They allow the consumer to either wipe out their existing obligations or repackage them into a payment plan that is repaid over a specified time frame.
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” Each state has its own unique laws and protections for borrowers, as well as specific processes. Once you have fallen behind on your mortgage payments, you still have time and options that will help you prevent or avoid foreclosure. In the following sections, we briefly outline the Kentucky foreclosure process. From there, you are released from personal liability for your unsecured debts, and you may continue making payments on secured debts to ensure you can keep your property. Additionally, you should collect and store all of your bankruptcy paperwork in a safe place, in case your future lenders ask to see them. Also, while Chapter 7 bankruptcy can stay on a person’s credit report for up to 10 years, you can still have a life after 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.
An individual may qualify if he or she has a certain amount of debt and assets. Someone who owes an amount just above the Chapter 13 debt limits may result in the filing for Chapter 11 bankruptcy. In addition, under Chapter 13, debtors will have no direct contact with creditors. The payment plan acts like a consolidation loan in which the individual makes payments to a trustee, who will then distribute the money to creditors. O’Bryan Law Offices can help you file for bankruptcy, rectify your financial situation, and help you out from under crushing debt.
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.
Attorney Tracy Hirsch will help you determine if a Chapter 7 bankruptcy or Chapter 13 bankruptcy will best suit your specific situation. Unpaid medical bills, high credit card APRs, garnishments, and judgment liens can destroy your financial status and cause extreme emotional distress. The initial consultation for the preparation of a new estate plan is free. We’ll talk about your goals and brainstorm strategies for accomplishing them. We’ll give you an estimate of fees once we’ve come up with a plan and give you a chance to think it over.
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If your plan pays less than 100% every Chapter 13 Debtor must send a copy of the income tax return to the Trustee with a Budget. With an intimate knowledge of the law and extensive experience as a legal counselor, prosecutor, and judge, I’m proud to offer my guidance and support to anyone in need. I approach each case with detailed attention and determination to explore every avenue in pursuit of your best interests. VIPS provides early intervention services to Kentucky and Indiana’s youngest children with blindness and low vision. Services include evaluations, in-home visits, and access to resources that help parents and caregivers better understand and support their child with visual impairment. When a loved one has died without a sufficient Will or trust to avoid probate, you need a lawyer to oversee and help you through the process.