For millions of Americans, sleepless nights caused by financial worry are a fact of everyday life. He will work beside you to ensure you understand all your options. To recommend or link to this lawyer as a trusted attorney, we have provided a list of sample links. What’s more Louisville Foreclosure Lawyer is that she does it all with compassion and understanding. Her goal is to break down the stigma surrounding bankruptcy, and she does that by educating her clients, and by providing unparalleled customer service. Navigating the bankruptcy process can feel overwhelming, but knowing what to expect can ease your concerns.
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The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact “uniform Laws on the subject of Bankruptcies throughout the United States”. If you file for Chapter 7, this will stop the foreclosure, but only for a certain period of time. You may be able to save your home for a few more months, which could give you the breathing room you need to prevent the sale altogether. We recommend speaking with a Chapter 7 lawyer for more information on how this chapter of the Bankruptcy Code can help you. Many borrowers are unaware that they have certain rights and protections under state and federal law. Most attorneys are well aware of these protections, and will inform homeowners of their legal rights.
” Each state has its own unique laws and protections for borrowers, as well as specific processes. Once you have fallen behind on your mortgage payments, you still have time and options that will help you prevent or avoid foreclosure. In the following sections, we briefly outline the Kentucky foreclosure process. From there, you are released from personal liability for your unsecured debts, and you may continue making payments on secured debts to ensure you can keep your property. Additionally, you should collect and store all of your bankruptcy paperwork in a safe place, in case your future lenders ask to see them. Also, while Chapter 7 bankruptcy can stay on a person’s credit report for up to 10 years, you can still have a life after bankruptcy.
In Louisville, reliable transportation is crucial for daily commuting and maintaining employment. Our attorneys have successfully assisted clients in retaining their vehicles through both Chapter 7 and Chapter 13 filings. By leveraging local ‘fresh start’ programs offered by car dealers, we can help you secure a more dependable vehicle, ensuring you stay mobile and financially stable. The experienced lawyers at O’Bryan Law Offices do that by helping you regain financial independence in bankruptcy. We can also assist you when your circumstances call for an uncontested divorce, estate planning and personal injury representation. If you owe back taxes, there are a number of tools to resolve the problem including penalty abatement, Currently Not Collectible status, Offers in Compromise, and Installment Agreements.
Chapter 7 bankruptcy may not be a topic you ever thought you’d want to learn more about. But remember, bankruptcy relief is available to everyone who needs a fresh start, without judgment of how they got there. The fact that you’re looking at your options should make you feel better already. There’s nothing quite like the feeling of knowing what you’re doing, even if it’s just the basics. We provide helpful tips and resources to help you file Chapter 7 bankruptcy in your state without a lawyer. Chapter 9 bankruptcy is the most rarely used chapter of bankruptcy because it’s reserved for municipalities.
In the Western District of Kentucky, you can file by email or in person. Instead, once you’ve completed the forms, go ahead and print two copies of everything. The Kentucky bankruptcy court will keep the original as your official case documents. If you can’t afford it, you can request a fee waiver from the court. To qualify for this waiver your income must be less than 150% of the federal poverty guidelines.
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If you fear that you cannot make one of your monthly payments, communicate with both your attorney and the bankruptcy trustee. From there, they will work with you to devise a solution, potentially by modifying the repayment plan. However, it may be the right option to help you start fresh if you seek debt relief. We will discuss the options for debt relief available for your unique situation. A Bankruptcy filed after the sale is often too late to reverse the tax. In defending the foreclosure, filing an answer, discovery, and submitting the bankruptcy will generally delay the foreclosure for an additional six months.
Ms. Hirsch has 23 years of experience in bankruptcy law, and can work quickly to stop foreclosures, garnishments, and liens. She can also help you get protection from debt collectors, and help you set up a bankruptcy plan for your medical bills, credit card accounts, and other unpaid debts. If the future of your business is in jeopardy, you have options, but you should only explore those options with a seasoned attorney in your corner.
This is known as a default judgment, and it’s similar to forfeiting a softball game because your team didn’t show up. In order to stop garnished wages, you must understand how their limits work. A garnishment order, even a well-founded one, may not exceed a certain amount. Below, we explain more specific limits for Kentucky wage garnishments. We’re here to guide you through the challenges of financial, emotional, and physical stress.
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I know clients are often cash poor, and they like to pay by making payments. Paying the court costs and attorney fees after you file is fairly new. However, bankruptcy is not a guarantee that you will be able to keep your home. If you are behind on your mortgage payments and file for Chapter 7 bankruptcy, you may still lose your home to foreclosure. Chapter 13 bankruptcy, on the other hand, allows you to propose a repayment plan that includes catching up on missed mortgage payments and making current mortgage payments. Chapter 7 eliminates the liability for most, if not all, of your unsecured debt.
We have many years of experience helping clients faced with overwhelming and unmanageable debt. Although these situations are unexpected and not of your own making, they need to be tackled and we can help you take the proper legal steps to do so. We are pleased we can offer you a plan to move forward through and out of some financial difficulties that you are experiencing towards a fresh financial start. We thoroughly understand and can help with the bankruptcy and the debt resolution processes and payment plans are available.
Also, the value of non-exempt property (assets that aren’t protected) might affect the amount you need to repay creditors. After filing, you’re required to complete a second bankruptcy course. 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. If you’re feeling overwhelmed by your debt, then the complexity of the bankruptcy code may be even more frustrating. Your Louisville bankruptcy attorney will send notice to the creditor and their attorney to get the wage garnishment stopped immediately.
We exist to help you find the highest rated Louisville lawyers for your needs. Prior to joining the firm, Brian served as a federal judicial law clerk for the Honorable Thomas H. Fulton of the U.S. Medical Bankruptcy is not a type or “Chapter” of bankruptcy according the US Bankruptcy Code, however it is one of the major types of debt that causes people to seek bankruptcy protections. According to recent studies, over 50% of Americans have had medical debt sent to collections at one point or another. With rising medical costs and increasing out-of-pocket medical expenses, this number will likely continue for the foreseeable future.
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.
