Answers To Your Most Pressing Questions
What is bankruptcy?Will bankruptcy stop creditor harassment and phone calls from bill collectors?Will I lose any property if I file for bankruptcy?I am behind on my car payment or house payments, can bankruptcy help me?I have past due taxes, can bankruptcy help me?What is the difference between Chapter 7, Chapter 13 and Chapter 11 bankruptcy?
Chapter 13 bankruptcy provides for a re-organization or consolidation of debt through reduced, affordable payments budgeted to income and living expenses. Chapter 13 stops foreclosures by allowing you to pay past due mortgage payments over a period of three to five years. Chapter 13 may allow you to restructure auto loans so that payments are more affordable. In addition, income tax debt may be re-structured. Chapter 13 bankruptcy also applies to small businesses. It allows you to continue operating your business during the re-organization period.
Chapter 11 bankruptcy is similar to Chapter 13 but is geared toward larger businesses and corporations.
Ultimately, all chapters of bankruptcy law have their benefits and detriments, and what is right for you will depend heavily on your current financial situation. A Louisville bankruptcy lawyer can guide you through your options, help you make the right decision.
What are the recent changes in Kentucky bankruptcy laws?
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Do I Need A Lawyer To File Bankruptcy
Most of the time, when individuals need to take any kind of legal action, they need to consult a law firm that handles the practice area that governs their legal issues. Couples seeking a divorce consult divorce attorneys. Car accident victims consult personal injury lawyers. In this way, filing for Chapter 7 bankruptcy is unique. If you donât earn much income, own a small business, or possess much expensive property, you donât need to hire a bankruptcy attorney to successfully prepare and submit your bankruptcy case.
Unlike filing the other primary form of consumer bankruptcy, Chapter 13 bankruptcy, filing under Chapter 7 of the Bankruptcy Code is a straightforward process. Both approaches allow filers to obtain a fresh start. However, Chapter 13 bankruptcy requires filers to restructure their debt and to pay a certain amount over 3-5 years. This is a complex process that requires the assistance of a bankruptcy lawyer. However, filing Chapter 7 bankruptcy primarily involves accurately reporting oneâs income, property, and debts so that the bankruptcy court can make an informed decision about granting a discharge order. It is a straightforward process manageable without legal help.
Print Your Bankruptcy Forms
When you have completed all of your bankruptcy forms you will need to print them. If you have a printer at home, print your original Louisville bankruptcy petition along with one copy. You will sign and file the original with the Court and keep the other copy for yourself. If you do not have a printer at home, the Louisville Free Public Library is located on the corner of W. Broadway and S. 3rd Street at 301 York Street. It is only a four minute walk from the Louisville Palace Theatre and is open from 9:00 a.m. to 9:00 p.m., Monday through Friday, 9:00 a.m. to 5:00 p.m. on Saturday and 1:00 p.m. to 5:00 p.m. on Sunday. You can print documents at the Main Library for $0.10 per page. Whether you print your bankruptcy forms at home or the library, make sure that you only print on one side of the page. Documents printed double-sided are not accepted by the Court.
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What Does A Bankruptcy Attorney Do
Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.
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Chapter 7 Or Chapter 13 Bankruptcy
When people think of bankruptcy, they usually think of Chapter 7. This is the type of bankruptcy that involves the quick elimination of debt. Chapter 13 bankruptcy is also an option for some people. Called the wage earners bankruptcy, it involves the creation of a plan to repay some portion of the debt. It ensures that all property will be retained, while debt will be eliminated. The first step I will take will be to determine which type of bankruptcy fits you.
Some people think that they need to avoid Chapter 7 because they will lose all their property. That is not necessarily the case. A lot of property is exempt from Chapter 7. If property does need to be given up, such as a car or a home, it may make more sense to do so and choose something that is more appropriate based on your income. In other cases, there are ways to keep this property too. As your attorney, my goal is to do what is right for you.
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Avvo’s Top Foreclosure & Bankruptcy Lawyer 2013
6 straight years in the top 3 for foreclosure and consumer bankruptcy attorneys from 2016 to 2022
Three separate federal reserve bank studies agree people who file for bankruptcy have higher credit scores and more net worth than those who dont. These studies show not filing, filing too late, or using an inexperienced attorney or law firm costs you more time, property, and money.
For over 30 years, almost everyone who has come into my office recognizes bankruptcy as a financial decision, not an emotional one. For those who are facing financial instability, bankruptcy can provide debt relief. The mistake people make is waiting too long to file for bankruptcy or using an incompetent attorney.
Debtors often dont understand bankruptcy because they dont do it every day. But, if you download my book, you will understand how bankruptcy works.
This is a financial decision to provide for yourself and your family instead of creditors. There is no shame if you are in need of debt relief. I am a knowledgeable and experienced bankruptcy lawyer who practices bankruptcy law to help you in all legal matters. Feel free to contact me anytime for a free consultation.
Wealthy and educated people use bankruptcy as a financial tool to increase their net worth.
Discuss Your Bankruptcy Options Today
Debt and financial struggles can leave you feeling powerless. Mr. Gannott is committed to assisting you with making informed decisions about how to move forward. He can walk you through your options for overcoming debt problems.
Learn more by calling or sending him an email.
Gannott Law Group PLLC is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.
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Bankruptcys Benefits And Drawbacks
The situations that lead people to file for bankruptcy are often tough. This is why many potential filers seek bankruptcy to also seek multiple kinds of relief from their debts.
Some of the ways that bankruptcy can help include:
- Discharging debts so that the filer is no longer legally obligated to pay them
- Allowing a filer to keep some assets such as a home or car
- Halting wage garnishments and intrusive and persistent debt collection
- Restoring water, electricity, gas, and other utility services
Here are some things individuals should consider before filing for bankruptcy:
- Bankruptcy cannot discharge debts from missed child support or alimony, most tax debt, or overdue student loan payments
- Cosigners on debts can still be responsible for paying them
- Bankruptcy can require filers to give up property
- Bankruptcy can impair your credit and increase the costs of borrowing in the future.
At Hodge & Smither, we offer free consultations and can provide payment plans so that our clients can get much needed counsel and advocacy in the situations where they need it most.
We are a debt relief agency and have practiced bankruptcy law for over 20 years. Our services include helping individuals and couples file for bankruptcy relief under the Bankruptcy Code.
A Better Future Starts Here Get Debt Relief Today For $0
Do you want to file for Bankruptcy NOW without paying any up-front Attorney fees? You dont have to save up for months to pay an Attorney while still dealing with your creditors during that time. Jason Bauman is an experienced Louisville Bankruptcy Attorney who can help you TODAY for no up-front Attorney fees if you Qualify for This $0-Down Offer.If you feel overwhelmed or stressed about your debt, if youre worried about losing your home or having your wages garnishedyou came to the right place! I CAN HELP! I have handled thousands of Kentucky Bankruptcy cases. Put my expertise to work for you.
From the first call you make to our office, you will notice how much we care about helping our clients. We know this process is scary and thats why we provide compassionate client support. We have seen first-hand the positive impact that filing Bankruptcy can have on someones future. We get excited about taking the stress of debt away from our clients and helping them and their families start a better path forward.
Jason Bauman and his staff will help you decide if Bankruptcy is right for you. We have 2 convenient office locations in Louisville. Call us today or click on the link above to schedule a phone call with Jason.
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What Is It Like Working With Legal Aid
Before clients can meet with an attorney, they are screened per the legal aid organizationâs eligibility process. During the screening process, youâll be asked questions about your income, your household size, and your legal needs. If you pass the screening, you may be placed on a waitlist. Legal aid attorneys are often in high demand and there arenât always enough resources to go around to all clients immediately. Once an attorney can accommodate your case, youâll meet with them one-on-one.
Feel Confident On The Route You Are Taking
Richard H. Shuster, Louisvilles local attorney,
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Debt Can Be Eliminated
Have you gotten one too many harassing phone calls from creditors? Have they filed lawsuits and obtained judgments against you? Are they threatening to take your home or your car away? There is one surefire way to make all of that stop and eliminate your debt: bankruptcy.
My name is Timothy Denison. With more than 25 years of experience, I know how to determine which type of bankruptcy is right for you. As your Louisville bankruptcy lawyer, I will guide you to the debt relief you need to get a fresh start. I will use bankruptcy to stop creditor harassment, lawsuits, foreclosure and repossession.
What Are The Benefits Of Filing For Bankruptcy
Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don’t have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.
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Kentucky Super Lawyers Honors 49 Stites & Harbison Attorneys For 2023
LOUISVILLE, Ky.The 2023 edition of Kentucky Super Lawyers recently honored 49 Stites & Harbison, PLLC attorneys in the Covington, Frankfort, Lexington and Louisville, Ky., offices. The publication named 37 attorneys to the Super Lawyers list and 12 attorneys to the Rising Stars list.
A number of Stites & Harbison attorneys have received special recognition in Kentucky Super Lawyers. Two attorneys are listed among the Top 25 Women Attorneys in Kentucky: Carol Dan Browning and Shannon Antle Hamilton. Browning has received this honor 17 times while Hamilton has received this honor 11 times. Additionally, Carol Dan Browning, Shannon Antle Hamilton and David W. Nagle, Jr. are listed among the Top 50 Attorneys in Kentucky.
The following Stites & Harbison attorneys are listed in the 2023 edition of Kentucky Super Lawyers.
Filing Without A Bankruptcy Attorney
After receiving a free case evaluation and/or exploring the possibility of becoming a client of a legal aid society, you may still choose to file on your own. Given how straightforward the Chapter 7 bankruptcy process is, this is always an option as long as your case isnât unusually complex. If you choose to file without a bankruptcy attorneyâs assistance, you are said to be filing âpro se.â
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Are You Filing A Chapter 13 Reorganization Bankruptcy
As previously mentioned, Chapter 13 bankruptcy cases are complex. Regardless of how straightforward your financial situation may be, youâll need professional help with your bankruptcy petition if youâre ineligible to file for Chapter 7 bankruptcy because your income exceeds the limits outlined in the Chapter 7 Means Test. Only low-income consumers are permitted to seek debt relief under Chapter 7, so this bankruptcy process isnât an option for everyone.
Thankfully, developing an attorney-client relationship with an attorney employed at a bankruptcy law office is affordable in most Chapter 13 cases. At least some of the fees for your lawyerâs legal services will be folded into your repayment plan. Therefore, youâll be able to pay these fees over time, which is a manageable arrangement. In most cases, filers pay their legal fees using repayment funds that would have been sent to other creditors regardless. In this way, you would essentially have nothing to lose financially by seeking professional help with filing bankruptcy under Chapter 13.
Business Bankruptcy: Work With An Attorney Who Has Ample Experience
Attorney Peter Gannott possesses a vast understanding of the complex inner workings of business and large chapter 11 bankruptcies, including:
- Chapter 7 business liquidation proceedings for smaller businesses
- Chapter 11 reorganization or liquidation for larger operations
Mr. Gannott has key strengths in analyzing complex business challenges and identifying efficient, effective strategies for success.
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Cooley & Offill Law Firm
Cooley & Offill Law Firm is client-centered and has been providing effective and experienced legal services throughout Kentucky for the past 23 years. Their offices are located in Owensboro, Lexington, and Louisville. Their attorneys have extensive experience in bankruptcy relief, criminal defense, personal injury representation, and all legal concerns. They keep their clients at the center of their practice, which means that your experience and results are important to them.
Their response is to work tirelessly to achieve the outcomes you deserve. They have reached multimillion-dollar settlements, assisted over 1,000 bankruptcy cases, discharged, and achieved excellent results, including the dismissal of all charges in a number of major criminal cases.
Products/Services:
Bankruptcy, Criminal Defense, Estate Planning & Wills, Expungements, Family Law, Personal Injury, Probate
LOCATION:
Address: 101 N 7th St, Louisville, KY 40202Phone: 694-2865Website: www.lawyerowensboro.com
REVIEWS:
Cooley & Offill provide outstanding service. I have absolutely no complaints, and will be sure to look them up again should I ever need another attorney. I also want to note that Greg Jennings was extremely thoughtful in getting me through this legal process. They really went above and beyond with my services by not only helping with legal matters but assisting me with some personal matters as well. The best attorneys to use with ARAG. Vanessa W.
Getting A Free Evaluation From A Bankruptcy Lawyer
At any time, you can request an initial consultation with a firm that practices bankruptcy law, even if you have placed your name on a waiting list for legal aid or you plan to file for Chapter 7 bankruptcy by yourself. Most Kentucky consumer bankruptcy lawyers offer free consultations to anyone struggling with debt and interested in learning more about their options. This initial consultation process serves as a case evaluation and an opportunity to ask questions â nothing more. Taking this meeting doesnât obligate you to work with an attorney.
To find attorneys in your area who offer free case evaluations, consider searching the Kentucky State Bar Association website, local bar association sites, or asking loved ones for their recommendations. Alternatively, you can use the âfind an attorneyâ page on the NACBA website. The NACBA is the respected National Association of Consumer Bankruptcy Attorneys organization.
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Are You Searching For A Top Bankruptcy Lawyer In Louisville Kentucky
Find a top rated attorney near you with comprehensive knowledge of Bankruptcy laws in your state one who can explain all of your legal options, negotiate with creditors, and protect your assets.
Doing so could help you avoid costly mistakes and make an informed bankruptcy decision.
Bankruptcy, or financial insolvency, can have a serious impact on your economic well being, family and future stability.
Dealing with the legalities of bankruptcy, credit reporting bureaucracy, and the tactics of collection agencies can be a daunting challenge, especially for ill-informed consumers.
Finding the proper legal help can alleviate the stress and burden brought about by bankruptcy and debt.
Super Lawyers offers a free, comprehensive directory of accredited attorneys whove attained a high-degree of peer recognition and professional achievement in the bankruptcy field.
Consider an initial legal consultation today.
