You need a bankruptcy lawyer who can earn your trust through personalized one-on-one attention and advice tailored to your needs. We handle all of Kentucky Bankruptcy Lawyer our own cases and will guide you from step one all the way through bankruptcy court. We are a debt relief agency and have practiced bankruptcy law for over 20 years.

 

You may either catch up on missed payments, pay off the entire loan, or buy your car back at an auction. Typically though, it will take a couple of missed payments before they resort to physically taking back the car. In addition, your creditor should inform you of these missed payments, so you should have some kind of warning that a repo may occur. Repossession, sometimes called repo, is a term used to describe the process of a lender taking back property when a buyer defaults on payments.

 

During your free initial consultation, we will get to know the details of your unique situation and go over the pros and cons of each type of bankruptcy filing for you. Our Louisville bankruptcy lawyers help individuals file for Chapter 7 or Chapter 13 bankruptcies. The two general differences between the types of filings are what happens to a filer’s assets and their debts. When clients choose us for their needs, our Louisville bankruptcy attorneys offer the straightforward legal guidance they need. We will not get your hopes up for some unrealistic ending to your situation.

 

There’s nothing quite like the feeling of knowing what you’re doing, even if it’s just the basics. The average person that reads our free book on bankruptcy makes about 8,000 dollars more from their bankruptcy. If you want to save money in Chapter 7, do your homework and work with your attorney as part of a team that files your case.

 

Avoid Getting Your Car Repossessed, Call O’bryan Law Offices Today

 

Let us cover how and whether inflation can influence the bankruptcy cost and filing fee. Business cases, enormous debt, contested cases, and cases with multiple homes are charged more in Louisville and nearby cities. The average salary, salary data, and fee for consumer attorneys are lower in Kentucky than in many other states. Need an emergency filing due to an impending foreclosure or car repossession? Find out what you need to do so that you can get your case filed within 24 hours. We know that filing for bankruptcy can be a stressful, complex process, especially if you try to do it on your own.

 

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.

 

How To Stop Wage Garnishment Before It Starts

 

If you are already behind in payments to a creditor or have a pending lawsuit, a garnishment is very possibly the next step. It may be in your best interest to file bankruptcy sooner rather than later in order to prevent that creditor from garnishing the money you need to pay your bills. While filing bankruptcy works briefly, it is not the end-all-be-all for your financial woes. For more specific information related to the benefits of bankruptcy, we recommend reading our related article.

 

Before we dive into the meat and potatoes of a debt settlement program and debt consolidation program, we’ll provide you with some notable Kentucky debt statistics. A divorce simple and relatively inexpensive to complicated and costly. If you and your spouse can agree upon the terms of your divorce, the quicker and more inexpensive it will be.

 

If you miss it, you will risk losing your bankruptcy case altogether. As stated previously, this meeting is generally quick and simple. For these reasons and more, it’s crucial to be as honest as possible during a 341 meeting. Before your questioning, you will certainly have to take an oath to honesty. If these situations don’t apply to you then, you probably shouldn’t be in Chapter 13. Furthermore, fewer family farmers or fishers benefit from Chapter 13 because it is intended for wage earners with lesser obligations than those faced by family farms.

 

However, be aware that the percentage of pay to repay child support, student loans, or taxes could be higher. If you owe back taxes, the federal government can garnish your wages through tax levies. However, there is a certain weekly exempt amount that you can take advantage of.

 

So, if you don’t have to file quickly, wait until you have the full filing fee so you don’t risk a dismissal later if you’re late with a payment. Yes, it is possible to try negotiating with your creditors before or after the wage garnishment order is put in place. This can be a particularly useful option if anything changes in your life, such as receiving a significant tax refund. When this happens, many people ask their creditors if they can use a refund to settle their debts. Below is the contact information for the trustees (Stephen Reisz and many others) in Panel Trustees Bankruptcy Court, Western District. First, you must understand that the job of a panel trustee is to ensure the accuracy of a petition and to collect any asset that is available for the benefit of creditors.

 

Our Kentucky bankruptcy lawyers can analyze your situation inside and out to determine which course of action is best for you. A good bankruptcy attorney doesn’t always meet every client’s demands. But, a good bankruptcy attorney advises you and warns you about potential problems like the possible loss of a home.

 

The information quickly gets overwhelming and full of complications, so you must plan your goals together and get quality advice. In 2005, when the code changed, half the attorneys quit because it became too difficult. In California, over 90% of the do-it-yourself Chapter 13 cases fail.