We are here to help you navigate this challenging time Louisville Bankruptcy Attorney with confidence and clarity. With the help of our knowledgeable and experienced lawyers, you can take the necessary steps to get back on your feet again. At Hirsch Law, we believe that educating prospective clients is the foundation for a successful bankruptcy filing. Click on the questions below to learn how bankruptcy can protect your home, car, wages, and more. If you’re in desperate need of debt relief, and are considering bankruptcy, you’ve come to the right place.
Kentucky residents may be able to protect the following with state exemptions. The Kentucky homestead exemption protects up to $5,000 in equity on your permanent residence. Compared to other states’ bankruptcy exemptions and federal exemptions, this is a fairly small amount of protected equity.
Kentucky
Below, we list three common scenarios that may cause an increase in your monthly Chapter 13 payments. The goal for every bankrupt person or business enduring Chapter 13 is to repay all disposable income through an applicable commitment period. This applicable commitment period depends on the bankrupt person’s average monthly income. This period will only be three years if their income falls under the state median, or it will be five years if their income exceeds the state median.
Our attorneys have 20+ years of combined experience helping people like you get back on the right track. We use that experience to help guide you toward the results you need. Check out our success stories, and then schedule your free consultation today. Bankruptcy is the one financial tool that increases your financial worth by thousands or even millions of dollars within hours or days. As your attorney, Allan E. Dunaway of the Law Office of Allan E. Dunaway PLC, works hard to smoothly guide you through the often complex consumer bankruptcy legal process. Once you’ve completed all the required paperwork, you’ll need to file your petition with the bankruptcy court in your jurisdiction.
Contact Dennis Burke, An Experienced Louisville Bankruptcy Lawyer
First, you’ll need to determine whether you are in the Eastern District or the Western District of Kentucky. The information presented on this website is not legal advice and is for informational purposes only. Our lawyer recommendations do not constitute a guarantee regarding the outcome of any legal matter, past success on cases does not guarantee success in any new or future lawsuit. This website is not intended as advertising or solicitation in any jurisdiction. In most cases, you will have a ten or fifteen-day grace period after you miss a mortgage payment before you’ll be charged a late fee.
The onset of the COVID-19 pandemic and the financial hardships it brought are stark evidence of that. When debt amasses, payment due dates come and go, and creditors begin threatening serious action, many people look to bankruptcy to find relief. Although bankruptcy is not a cure-all for various kinds of debt, it is an option that can provide a fresh start. If you’re behind in payments and have mounting debt, then you’re facing one of the most difficult challenges a person can face.
We have such an amazing collection of friends and family here in this city with us and we think Louisville offers the perfect balance of rural and urban living. I look forward to getting to know you and guiding you along this journey. Our Louisville Office is convenient for all three regional bankruptcy courts where we practice in Louisville, Lexington, and New Albany, Indiana. If your case is relatively simple and there are no issues with your creditors, your case may be over at this point. However, your case may need to go to court if there are any problems or disputes. If you’ve decided that Chapter 7 bankruptcy is right for you, there are a few steps you’ll need to take to get the process started. [newline]If your job requires you to maintain a security clearance, you may lose your clearance if you file for bankruptcy.
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.