Working with a bankruptcy attorney will ensure that you correctly fill Louisville Foreclosure Attorney out and file all necessary paperwork, meet important deadlines, and avoid certain bankruptcy mistakes. They will also be well-acquainted with both federal law and Kentucky law when it comes to filing bankruptcy. One of the biggest benefits of bankruptcy is the ability to have your debts discharged. Unfortunately, there are some disadvantages to filing for bankruptcy. It allows you to retain all of your assets while repaying all or a portion of what you owe to your creditors over a 3 to 5 year period. In many cases, you will only be repaying your unsecured creditors a small percentage of the total debt.

 

Shopping for a cheaper or lower-cost attorney to file Chapter 7 bankruptcy often hurts. When firms advertise a lower cost, it normally means the debtor gets a lawyer with little experience. It is also a discriminatory practice that preys on minority clients. The problem with cheap low-cost attorney fees in Chapter 7 Bankruptcy is you get a cheap 500 – 600-dollar attorney.

 

Below, we list three common scenarios that may cause an increase in your monthly Chapter 13 payments. The goal for every bankrupt person or business enduring Chapter 13 is to repay all disposable income through an applicable commitment period. This applicable commitment period depends on the bankrupt person’s average monthly income. This period will only be three years if their income falls under the state median, or it will be five years if their income exceeds the state median.

 

How Can You Reduce Chapter 13 Repayment Plan?

 

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. When you’re facing bankruptcy, a criminal charge, a divorce, or a child custody dispute, your attorney needs to do more than represent you. We understand just how serious this matter is to you, and we take a collaborative approach to help you succeed.

 

Call A Bankruptcy Lawyer At O’bryan Law Offices Today

 

The good news is that you don’t have to have a lawyer to file Chapter 7. You can keep the costs down by filing without one, either using Upsolve’s filing tool or going it alone. If you’re facing bankruptcy in Kentucky, you may feel lost in terms of where to start or who to talk to. The bankruptcy process is often confusing and complicated for many people, which is why we recommend working with a Kentucky bankruptcy lawyer.

 

There is also about $750 to $1000 in additional attorney fees from such a motion. So, these attorney fees will be part of what the homeowner has to catch up. If you know you’ll have some money in the future, then give them an estimated time when you expect to pay the debt off. First off, it’s important to know that Kentucky actually has a statute of limitations on debt. According to the state laws in Kentucky, the statute of limitations on filing a lawsuit for debt owed is five years from the last action on the account.

 

You need to know that there are options for resolving your medical debt. If you are overburdened by existing medical debt, give us a call for your Free Bankruptcy Consultation. Other areas of law often involve some sort of loss, but that’s usually not the case with bankruptcy.

 

State foreclosure laws are often highly complex, and these cases require special knowledge and experience to handle properly. Owning a home is something to be proud of, especially if this is your very first home. While being a homeowner is exciting, rewarding, and a central part of your life, it is also no secret that owning a home comes with a unique set of challenges. Between physically and financially maintaining a home, at times, life can feel overwhelming.

 

We have such an amazing collection of friends and family here in this city with us and we think Louisville offers the perfect balance of rural and urban living. I look forward to getting to know you and guiding you along this journey. Our Louisville Office is convenient for all three regional bankruptcy courts where we practice in Louisville, Lexington, and New Albany, Indiana. If your case is relatively simple and there are no issues with your creditors, your case may be over at this point. However, your case may need to go to court if there are any problems or disputes. If you’ve decided that Chapter 7 bankruptcy is right for you, there are a few steps you’ll need to take to get the process started. [newline]If your job requires you to maintain a security clearance, you may lose your clearance if you file for bankruptcy.

 

Depending on your financial situation and goals, we may or may not recommend that you file bankruptcy for debt relief. Another important consideration is finding one of the better credit counseling agencies that offer a free consultation. O’Bryan Law Offices offers a free consultation for consumers who are looking for a fresh start financially. Another option to help achieve debt relief is calling your creditors. If you have debts related to credit card use, this means calling your credit card companies. Explaining your financial life and your attempts at debt management to creditors could at least put you in control of your situation.