While both chapters have their own specific advantages Louisville Bankruptcy Attorney and disadvantages, they tend to work better when targeting a specific problem. Contact our law firm today to schedule a meeting or telephone conference in Owensboro, Lexington or Louisville. We shake the box to find the most effective method possible to solve your legal problem. Our attorneys do not hesitate to call on unconventional witnesses and find unique debt solutions to get the results you deserve. Stop harassing calls, stop wage garnishments and stop foreclosure. Wills, trust plans, power of attorney, it’s never too early to get started protecting yourself and loved ones.

 

It’s not meant to be used by those  with the means to pay their debts. That’s why every person who seeks Chapter 7 relief has to pass the bankruptcy means test. You’ll need to calculate your average household monthly income and then compare it to the median income in Kentucky for a similarly sized household. If you use Upsolve to file for bankruptcy, you’ll receive all your forms in a downloadable packet. Chapter 7 filings, from start to finish, usually take only a few months to complete.

 

Redeem The Property

 

Debt settlement is a deal between a lender and a borrower to make a significant, one-time payment toward an existing amount in exchange for the remaining debt being forgiven. For example, someone who owes $10,000 on a single credit card may approach the firm and offer to pay $5,000. Often, the debt settlement companies or debt settlement agent for your credit card will feel awful about having to reject your offer and will agree to one of these alternative possibilities. If you stop paying your credit card debts, you might face serious legal and financial hardship. No matter the reason for your late or missed payments, credit card companies may decide to take action against you.

 

You don’t have to use a cheap attorney who may not be qualified because money is tight. Before 2019, having the attorney do all the work pre-filing and paying attorney fees after the case was filed was considered unethical. This is because as soon as the case is filed the debt to the attorney for work done pre-filing is stayed and later discharged.

 

Before submitting your bankruptcy petition to the bankruptcy court, there are certain steps you and your attorney must take. You will need the certificate of completion in order to begin your bankruptcy case. To give the client a low price, you can always cut corners and do less work.

 

If you want to get a debt consolidation loan with bad credit, these companies may try to take advantage of you. Speak with a qualified and experienced consumer bankruptcy law firm for full balance debt resolution. As you may know, bankruptcy can be a very complex process, which is why it is crucial that you do not go it alone. Our firm can help ensure that you file properly and on time, and ultimately, get yourself into a financial position you can finally be comfortable in. Contact Schwartz Bankruptcy Law Center today to learn more about our bankruptcy services and how we can effectively guide you through every step of the legal process ahead. Certain conditions apply, such as ensuring your repayment plan includes adequate provisions to cover mortgage or car loan payments.

 

Fortunately, if you find yourself in this situation, you’re in the right place. Schwartz Bankruptcy Law Center is here to help you get your life back. Filing bankruptcy can feel overwhelming, especially when you have a stressful mortgage, car loan, or have medical debt piling up. Luckily, we have compiled a list of best practices (and worst practices) for your bankruptcy filing. The bankruptcy lawyers at O’Bryan Law Offices are here to help you get your financial affairs back on track. If you’ve racked up significant debt on your credit card account, it is possible for your situation to get much worse before seeing some debt relief.

 

Bankruptcy Lawyers In Louisville, Kentucky

 

If this happens, your lender must notify you of the lawsuit by serving you with a summons and a complaint. Kentucky law gives borrowers 20 days after service to answer the complaint. Homeowners who are facing foreclosures should seek legal aid from a qualified foreclosure defense attorney.

 

Most importantly, if you do not want to be called, then you can instruct them to cease all contact. After your phone call, send them a follow up certified letter for proof that you laid out all your ground rules. Federal law mandates that notices must be in writing to retain full legal effect. There are certain things collectors cannot do when collecting debt. For instance, collectors are not allowed to call before 8am or after 9pm, unless you directly give them permission to do so.

 

Kentucky Trustees

 

Failing to show that they have completed this course could risk a dismissal of the bankruptcy case. The first 341 creditors meeting will occur around days after filing. This meeting gives your creditors the opportunity to ask you questions about your finances and the bankruptcy documents you submitted. After the court has assigned a bankruptcy trustee to your case, you must send all of your documents to the trustee for them to review. They will likely request additional documents, which you also must provide. When requesting these documents, the trustee will likely send a letter either to you or your attorney.

 

We will help you understand your options and determine which chapter of bankruptcy is right for you. Our clients have dealt with many of life’s challenges, resulting in overwhelming debt. They chose to address their debt head-on and give themselves the fresh start they deserve. Filing a chapter 7 bankruptcy or a chapter 13 bankruptcy can put an end to your wage garnishment. Once you file and have a case number, creditors will no longer legally be able to pursue you.

 

The automatic stay legally prevents creditors, including mortgage lenders, from continuing foreclosure proceedings temporarily. We understand that filing for bankruptcy has a certain negative association for most people. They imagine that their lives will fall apart if they file, or that they’ll automatically lose their home and their other property. However, bankruptcy is simply a legal tool that allows debtors to regain control of their finances. It also gives you the protection of the automatic stay, which is the only legal guarantee that your creditors will stop harassing you and that you can stop foreclosure proceedings. The answer to this question mostly depends on the chapter of bankruptcy that you file.