Easily find Louisville Bankruptcy Lawyers and Louisville Bankruptcy Law Firms. For more attorneys, search all Bankruptcy & Debt areas including Collection, Credit & Debt, Reorganization and Workout attorneys. 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.  Louisville Bankruptcy Lawyer 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.

Contact O’Bryan & O’Bryan to find out more about our bankruptcy law practice and how we can serve you. Around 14 days after you receive your discharge, the court will enter the final decree of the case. This decree officially closes the bankruptcy case and discharges the trustee from their responsibilities in the case. The bankruptcy filer must complete a debtor education course, also called a financial management course. After completion, they must submit the certificate of completion to the court within 45 days of the first 341 meeting.

Louisville, being the largest city in Kentucky, has its own set of financial stressors, from fluctuating employment rates to the rising cost of living. We make it a priority to ensure that each of our clients feels respected, heard, and understood. Don’t lose another night of sleep due to creditor phone calls and unpaid bills. We can protect you, and help you obtain the financial freedom you deserve. From the gal at the front desk to the lawyer who got on the phone with me and was kind and thorough in a quick 5 min consult, these guys are consummate professionals and it shows.

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Our firm has over four decades of combined experience representing business owners in a wide array of financial circumstances, and we are here to put that experience to work for you as well. If you need a Jefferson County, Kentucky bankruptcy lawyer you can depend on, you’re in the right place. Individuals and sole proprietors looking to reorganize their personal or small business debts may often choose to file bankruptcy under Chapter 13. It is possible to file for bankruptcy on your own, but due to the sheer amount of laws, exceptions, and legal jargon, it is best to hire an experienced bankruptcy attorney. O’Bryan and O’Bryan Law Offices provides specialized and individualized services in bankruptcy counsel.

1) Bankruptcy can pay 0 zero back to creditors 2) Bankruptcy is a court order from a federal judge you dont have to beg 3) Bankruptcy places you into control… There are a fes simple steps I outline on my website how people can get a high FICO score after filing bankruptcy. Determining which process is best for your situation can be difficult, but you don’t have to face it alone. Seek the advice of an experienced attorney before making any important decisions on how you want your estate to be handled. While it is possible to establish a Will without legal counsel, I certainly wouldn’t recommend it. If you want to ensure that your Will is valid and effective, you’ll need the advice of an experienced estate planning attorney.

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A bankruptcy attorney can help an individual or a business entity file for Chapter 7 bankruptcy if they qualify for it. Then, unless there are legal disputes regarding the bankruptcy petition, the person filing for bankruptcy will usually receive a bankruptcy discharge. 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.

If you have some disposable income each month, it may be better to try another option, such as a debt consolidation loan or credit counseling. Chapter 7 bankruptcy is a type of bankruptcy available to individuals and businesses. It is sometimes referred to as “straight” or “liquidation” bankruptcy.

Be sure to choose your attorney wisely and not just based on their cost. We represent a diverse group of clients in a wide range of business matters, including general corporate law, commercial real estate transactions and corporate reorganizations. We also represent both companies and individuals in bankruptcy matters and handle a wide range of civil litigation matters at both the trial and appellate levels. We also represent clients in probate and domestic relations matters.

Technically, there is no minimum debt requirement for a person to file bankruptcy. However, we always recommend exploring your options with a skilled attorney to make the best possible decision for your situation. Filing for bankruptcy helps countless debtors achieve debt relief every year, but it isn’t a one-size-fits-all solution. As we mentioned earlier, bankruptcy is a valid solution for preventing lenders from foreclosing on your home. When you file for bankruptcy, this stops the foreclosure process in its tracks.

Stakeholders may file for Chapter 13 individually over the other chapters of bankruptcy because it’s cheaper, and they can keep their business open while paying off their debts. 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. Bankruptcy allows individuals, couples, and businesses that cannot meet their financial obligations to be excused from repaying some or all of their debt. If you have questions regarding bankruptcy law contact one of our recommended attorneys today.

Attorney Tracy Hirsch will help you determine if a Chapter 7 bankruptcy or Chapter 13 bankruptcy will best suit your specific situation. Unpaid medical bills, high credit card APRs, garnishments, and judgment liens can destroy your financial status and cause extreme emotional distress. The initial consultation for the preparation of a new estate plan is free. We’ll talk about your goals and brainstorm strategies for accomplishing them. We’ll give you an estimate of fees once we’ve come up with a plan and give you a chance to think it over.

To file Chapter 7 in Kentucky, you’ll need to pay $338 in filing fees. To file Chapter 13 in Kentucky, you’ll need to pay $313 in filing fees, on top of what you arranged for your payment plan. Speak with a Louisville bankruptcy lawyer to find out if you qualify for fee waivers.

It’s no surprise that they want to know how long the process will take. In the following sections, we outline the full Chapter 13 timeline and walk you through the process of achieving lasting debt relief. During that time period, you will make payments to the bankruptcy trustee who will make payments to your creditors.

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. The SBRA is much quicker and cheaper than a Chapter 11 bankruptcy process because it allows owners to work with a bankruptcy trustee in order to create a solid debt repayment plan. When you’re facing foreclosure, it’s important to understand how the process works as a whole. You may have many questions, such as “When is it too late to stop foreclosure?

Once you’ve attended the 341 meetings, you’ll need to submit a detailed repayment plan to the court for approval. This plan includes how much you’ll pay your creditors each month and how long you’ll make payments. It should also have a list of your creditors, the amount you owe them, and how much each will be paid under the plan.