Sure it costs a couple of hundred more, but you are less likely to lose property, and you may discharge more debt if you use the services of an attorney Kentucky Bankruptcy Lawyer with years of experience. In 2022 A Corporate Chapter 7 will often run about 5,000 dollars and up. Lawyer fees in a corporate Chapter 7 case must also be paid before filing. This is because your debts are stayed during the case and discharged at the end of the Chapter 7 case. You eliminate any debt for an attorney fee you owe at the moment of filing.

As a result, we can handle most of the typical client’s legal needs. If we can’t, we’ll refer you to someone who can, because competent representation is the cornerstone of our practice, and satisfied clients the key to our success. These forms are to help you plan and manage your bankruptcy for all three regional bankruptcy courts where we practice in Louisville, Lexington, and New Albany, Indiana.

Just because you owe money to another person, a bank, a credit card company, a landlord or another party doesn’t mean you’ve signed away your legal rights. Federal and state debtor-creditor laws explain both the legal rights and obligations of debtors (people who owe money) and creditors (those who are owed money). Your lawyer can discuss the pros and cons of debt settlement, garnishment, personal bankruptcy and other possible solutions. Many states forbid lawyers to say they “specialize” in a specific practice, but for bankruptcy law you wouldn’t want it any other way. The Chapter 13 bankruptcy attorney fees in Kentucky are flat fees.

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.

State laws may offer debtors additional protection by limiting garnishment amounts even further. Original creditors often sell your debt to a debt buyer when they discontinue efforts to collect the debt. This category includes credit card companies, banks, and other entities to whom you owe money. They can undergo the whole process without shutting down their business, and they can receive debt discharges.

Choose The Field Of Expertise You Need Your Louisville Lawyer To Specialize In

However, this is simply an average and does not reflect any type of law. If you plan on financing a car, you’ll first need to sign a loan contract. This contract will define what the lender considers to be a loan default, whether it be one missed payment or multiple. This contract also essentially establishes the car as collateral, should your payments become delinquent. It is what gives the lender permission to repossess the vehicle, if need be. Located in Louisville, Kentucky, the Fauver Law Office has been serving Kentucky and Southern Indiana residents for over 20 years.

Our services include helping individuals and couples file for bankruptcy relief under the Bankruptcy Code. Whether you have an overwhelming amount of credit card debt, your wages are being garnished, or your home is going into foreclosure, filing for bankruptcy can protect you. Even though you can still keep your credit cards, it might be a good idea to stop using them until you can settle your debts. Credit card companies often shut off your cards if you file for bankruptcy. If you choose an alternative option, you can keep them for a rainy day. Even though we dedicate a large portion of our practice to helping consumers file Chapter 7 Bankruptcy and Chapter 13 Bankruptcy, we also understand that it’s not for everyone.

Some Common Fee Structures For Bankruptcy Attorneys In Louisville, Ky, Include:

Chris began his practice of law in 1995 when he joined the law firm of his father, Dennis Kurtz. The father and son legal team ultimately grew their bankruptcy practice into one of the largest volume filers of bankruptcy cases. Other times, a person may feel he or she doesn’t have sufficient assets to think about an estate plan.

In fact, it can be the first step to a brand new beginning for you and your family. It can be hard to determine which type of bankruptcy is your best option unless you have spoken with a bankruptcy attorney who has considered your complete financial situation. At Thornhill & Holt we can help determine if a Chapter 7 or 13 bankruptcy will give you the financial relief you are looking for. In general, filing a Chapter 7 can eliminate most all debts for those who qualify. However, there are certain debts that cannot be eliminated under a Chapter 7 bankruptcy and there are some individuals who may not qualify for a Chapter 7 bankruptcy filing. Our attorneys assess each unique situation on an individual basis before determining whether Chapter 7 bankruptcy is an option.

Wallace Spalding’s father, also a lawyer, was one of the first bankruptcy practitioners in Louisville, Kentucky. If you are struggling with debt, tax problems or you have been injured in an accident, we can help. Please use this form to ask us a question or request a free consultation. Your attorney will provide you with instructions on how to complete the online course as part of the filing process. To prepare your bankruptcy case, we will need copies of various documents.

If you’re interested in learning more about Chapter 13, speak to a Louisville bankruptcy attorney. Bankruptcy is a good option for you if you’re struggling with debt. Filing bankruptcy can give you room to breathe, as well as give you a chance to start over.

We’re a straight shot down KY-44 W for 10 miles, and then you’ll turn left onto Joe B. Hall Avenue and right onto S Buckman Street. Contested and uncontested divorce, military divorce, child custody and visitation, child support, maintenance, property division, adoption, guardianship and domestic violence. The discharge in Chapter 7 of the Bankruptcy Code is automatic. In most cases, you will have a ten or fifteen-day grace period after you miss a mortgage payment before you’ll be charged a late fee. If it has, and all your equity is in the first mortgage, then any other mortgages would count as unsecured debt and would be discharged.

In 2006 most attorneys who were filing bankruptcy cases quit because it became so complicated. So, if attorneys can’t typically file Chapter 13 bankruptcy petitions, why do some people think they can use a cheap attorney or file a petition themselves? But you are taking a huge chance if you have assets or have filed repeatedly or after transferring property. If you make regular payments on your car loan, the lien will never come into play.

In addition, the process for obtaining SSD is complex, and often takes months or years to complete. To finalize your bankruptcy proceedings, a court hearing typically takes place about a month later. Throughout this process, our dedicated team will provide personalized support, answering any questions you may have and helping you navigate any challenges that arise. We are committed to making this journey as smooth as possible for you. Navigating the complexities of bankruptcy in Louisville requires a deep understanding of the local landscape and resources available to residents. At Hodge & Smither, we are committed to providing tailored guidance that resonates with the unique challenges faced by our community.