Three other locations in Owensboro, Paducah, and Bowling Green act as divisional offices. To determine which district you will submit your bankruptcy filing in, contact an experienced attorney. 341 meetings differ slightly for Chapter 7 bankruptcy and Chapter Louisville Bankruptcy Lawyer 13 bankruptcy. A Chapter 7 trustee will sell any assets that you can’t safeguard with a bankruptcy exemption and then distribute the money to creditors.

In some cases, you may find that the path you wanted to take initially just won’t work for your situation. Below, we list other Kentucky debt relief options that are available to those who owe money. Additionally, anyone filing for bankruptcy must complete a financial management course, and failure to do so may be grounds for denial. If you are experiencing undue hardship as a result of your debts, you can file for bankruptcy and have your debts discharged. If you need to file quickly but you don’t have the money to pay the full fee, you can make a down payment toward the filing fee and ask to pay the rest in installments. The court will tell you how much the down payment and installments will be.

This depends on the attorney’s experience and the case’s complexity. In an emergency, our office can file a case with no money down. However, instead of costing a client about $1,538 to file for a single person and the filing fee, the cost is paid over a year is about $2,000 dollars for a zero-down bankruptcy. Whether you are facing a bankruptcy or another important legal issue, you need high-quality, experienced, knowledgeable representation.

Chapter 9 Bankruptcy

These negative items on your credit report can cause your score to drop significantly. Not only can a car repossession leave you without transportation, it can also negatively affect your credit. This derogatory item indicates to lenders that you may pose a credit risk, which is likely going to affect your potential to obtain new credit.

You will have all these qualities and more when you choose Christopher Kurtz Law Office. Attorney Christopher Kurtz personally handles every single case, from intake, throughout the preparation, to filing and making court appearances. No other attorney or staff member handles your case, your closing, or your litigation case. Unlike other firms which may pass you on to a staff member, Chris will be your personal contact for each call, each meeting, each issue you may have. We are conveniently located in the Highlands, at 608 Baxter Avenue, Louisville, Kentucky.

You need to complete the course and file the certificate of completion with the court within 60 days of your creditor’s meeting. If you don’t, the court won’t enter your discharge, which is the main benefit of filing bankruptcy. Filing a chapter 7 bankruptcy or a chapter 13 bankruptcy can put an end to your wage garnishment.

Business / Corporate Law Attorney In Louisville

Employees are protected under the Consumer Credit Protection Act from being fired for multiple wage garnishments from the same creditor. [newline]However, you could lose your job if you have more than one garnishment from different creditors. Creditors use this formula when calculating the garnishment amount for all consumer debts. Special rules govern special debts like child support arrears, federal back taxes, and defaulted student loans. These debts are subject to different maximum garnishment amounts.

On the other hand, Chapter 7 is not the best choice for small businesses, and many don’t undergo this bankruptcy proceeding. Generally, businesses undergoing Chapter 7 will be forced to shut down while not receiving a debt discharge. Small business owners would receive more benefits through this chapter of bankruptcy if they just filed as an individual. They will also look at how much money you had in your accounts before you filed bankruptcy. This actually helps bankruptcy filers protect their money with any exemptions available to them. If you’re unsure of whether or not you qualify for certain exemptions, we recommend speaking with an attorney at a debt relief agency.

They can also keep more of their personal property and avoid foreclosure on their home. Working with an attorney will also help you immensely if you come across a question on any of the forms that you’re not sure how to answer. Our bankruptcy professionals have all the experience you need to make filing for bankruptcy go as smoothly as possible. You’ll likely need to fill out and submit at least 20 different forms throughout the process. For those who are experiencing a temporary gap in income, perhaps due to a job loss, a divorce, an injury or an illness, it can be difficult to continue to make ends meet. By the time income is restored, late fees, higher interest rates and overdue payments may have snowballed to make it impossible to catch up.

The best interests of creditors must be met by Chapter 12 arrangements. Creditors must receive at least the same amount under a Chapter 12 bankruptcy as they would receive in a Chapter 7 liquidation, according to the best interests test. Unsecured creditors can be paid cents on the dollar or possibly nothing at all if the best interests test is fulfilled.

In most cases, a lender will alert the buyer of any missed payments and attempt to collect them before taking any further steps. If the buyer does not respond to these remedial attempts, this is when a repo may take place. In most states, including Kentucky and Indiana, a lender is legally able to repossess your car without prior notice.

The trustee will look at and compare your bank statements to your bankruptcy forms. Their goal is to verify that the expenses you listed on your forms match what your bank accounts show. The repayment plan in Chapter 12 has several distinct elements. Farms and fishing enterprises controlled by family partners and companies have similar constraints. Unless one family owns over 50% of the stock or capital holdings in a partnership or company, it is not possible to file for bankruptcy under Chapter 12. Declaring bankruptcy might help you decrease or even erase your obligations.

The vast majority of Chapter 7 debt relief cases proceed smoothly from filing to final discharge, which is our goal in every case. To learn more about our Chapter 7 bankruptcy practice, contact us at O’Bryan Law Offices in Louisville, Frankfort or New Albany. The bankruptcy court will send out notices of your Meeting of Creditors. Your meeting will take place between 30 and 45 days after you file your case.