If you can meet these conditions, you may be able to avoid foreclosure. If you’ve already completed your bankruptcy filing, the discharge of your other Louisville Foreclosure Lawyer debts may mean the bank will be more likely to approve your loan modification. With a Chapter 13 bankruptcy, a payment plan will help you be current on your mortgage again after a period of three to five years. You would miss this opportunity if you filed for bankruptcy after your home is sold in foreclosure. Our clients experience relief and hope in life after bankruptcy. If you’re facing bankruptcy in Kentucky, you may feel lost in terms of where to start or who to talk to.

 

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.

 

So, while bankruptcy can help you get out of debt, it’s not something you should do right away. We can assist you if you believe you have reached your final resort and this is what you need to do. We’ll make this procedure as simple as possible for you and your family at O’Bryan Law Offices. We want to assist you in getting back on your feet, and we’ll go to any length to do so. We know you have a lot of options when it comes to hiring a bankruptcy attorney in Louisville, so why choose us? These are the core values that are behind everything that we do.

 

Bankruptcy can have a long-term negative impact on your credit score. This might make borrowing money or receiving loans more difficult in the future. It may also result in a significant rise in your insurance premiums. It may even impair your capacity to find work in some circumstances.

 

Inexperienced attorneys are paid exactly the same as the best attorney in town. Better attorneys can request and get additional fees if they prove they saved their client money by doing additional work. The court only approves these additional attorney fees that saved the client or the estate money. Any additional fees are normally paid by the court from the money you were paying to unsecured creditors.

 

Student Loan Bankruptcy Forms

 

However, Kentucky law does come into play with your bankruptcy exemptions. In order to begin the process, you must first determine whether you need to file Chapter 7 bankruptcy or Chapter 13 bankruptcy. The Western district oversees 53 counties, and has its main court location in Louisville.

 

You must complete this course before the court can enter a discharge. Wage garnishment exemptions serve as a way of protecting certain types of income or more than a certain amount of your pay. The premise behind allowing exemptions is that people may keep some earnings to pay basic living expenses. Additionally, waiting until after finalizing your divorce may allow you to file for Chapter 7. The combined income of you and your spouse might have prevented you from filing for Chapter 7.

 

⎆ A Breakdown Of Chapter 7 Costs

 

If they offer more than the amount you currently owe, this results in excess proceeds. This is any amount of money above your original loan or what you currently owe. Next, creating a plan to maximize case results and achieve your priorities for privacy, cost and deadlines.

 

Federal Judge Overturns President Trump’s Removal Of Nlrb Member

 

Helping you set up an estate plan allows me to educate you on the many different types of plans, Wills, and trusts. I can show you how each of them will protect and determine what happens to your assets when you pass away. Prior to joining the firm, Brian served as a federal judicial law clerk for the Honorable Thomas H. Fulton of the U.S. Federal law requires you to complete a financial education requirement as part of the bankruptcy process. You may be unsure about the potential impact on your future, yet unable to continue to manage your overwhelming debt without taking legal action. After you file your case, you will attend a course in personal financial management from an approved agency.