The information on this website is for Louisville Foreclosure Lawyer general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. Don’t settle for a court-appointed lawyer or take your chances alone. The decisions you face can make a big difference in your future employment, and personal freedom, let alone friends and family.

 

Personal Injury

 

This is why many potential filers seek bankruptcy to also seek multiple kinds of relief from their debts. 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. With the help of our knowledgeable and experienced lawyers, you can take the necessary steps to get back on your feet again.

 

Instead of filing both bankruptcy and divorce at the same time, it is preferable to file one first. 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. Another result of the ongoing pandemic is subchapter V of the SBRA, which is designed to help small businesses recover from the financial consequences of COVID-19. Both secured creditors and unsecured creditors are motivated to work with the business owner by accepting lower loan repayments and reaching a compromise.

 

Working with a Louisville bankruptcy attorney, however, will give you access to debt counseling and credit counseling. We also help our clients learn how to achieve and maintain a better financial future. A bankruptcy discharge legally releases a debtor from the debts owed at the time of their bankruptcy filing. This means that after filing for bankruptcy and receiving a discharge, the debtor is released from their legal obligation to repay their debts so that they can have a fresh start.

 

Personal Approach

 

He is also responsible for auditing each case to ensure the petition is accurate and that the debtors are honestly reporting assets. While the Panel Trustees are auditing the debtor, the US Trustee sometimes audits how the attorney has prepared a case. In order to redeem the property, you must pay off the amount that you owe on your loan before the foreclosure sale begins. In Kentucky, you also have what is known as a redemption period.

 

At O’Bryan Law Offices, we have helped thousands of individuals and families file Chapter 7 and Chapter 13 Bankruptcies. We will help you understand your options and determine which chapter of bankruptcy is right for you. Our clients have dealt with many of life’s challenges, resulting in overwhelming debt. They chose to address their debt head-on and give themselves the fresh start they deserve.

 

Speak with a qualified and experienced consumer bankruptcy law firm for full balance debt resolution. Experienced bankruptcy attorneys review the debtor’s financial file fully before filing and often have CPA training, a finance degree plus a law degree. Additionally, a bankruptcy filing can only discharge a person from any debts incurred before the date they filed for bankruptcy. Any debts incurred after that day will still remain, meaning creditors can continue to collect on those debts after the bankruptcy discharge is issued.

 

Don’t pay the filing fee upfront, and you put clerks through added work. Judges will presume you are wasting their time and have no intent of filing in good faith. While student loans are often considered nondischargeable debts in both Chapter 7 and 13 bankruptcies, some exceptions can help discharge someone of their student loan debt. For example, if paying the loans is causing an individual undue hardship, then their debt may be discharged. We can help you understand the advantages and disadvantages of a Chapter 7 filing and can help you file your petition for bankruptcy.

 

The final steps in your Chapter 7 bankruptcy timeline are discharge and conclusion. If nobody files an objection and you satisfy all other requirements, the bankruptcy court will enter an order discharging your debts. To find out exactly what Chapter 7 bankruptcy can do for you, read our related blog post. A court-appointed bankruptcy trustee oversees your Chapter 7 bankruptcy.

 

Furthermore, no equal monthly payments are required, allowing for seasonal or balloon payments to coincide with the harvest and sale of agricultural goods generated on the farm. Consider reading our blog about consumer proposal vs bankruptcy to learn more. The debtor must present a Chapter 12 plan that pays back their obligations over three to five years, similar to a Chapter 13 bankruptcy. The plan must meet the standards of the bankruptcy rules when it comes to paying creditors.