At our firm, a seasoned Louisville, Kentucky consumer bankruptcy lawyer can help you create an affordable repayment plan that takes Kentucky Bankruptcy Lawyer your income and living expenses into consideration. We will come up with an affordable payment plan that allows you to pay only the amount of debt you can afford to pay based on your budget. The goal of the debt repayment plan is for you to succeed with it over that three- to five-year period and to emerge debt-free at the end of the plan. Depending on your individual circumstances, you may be required to pay back anywhere from 10 percent of your debt to 100 percent. Fortunately, with a knowledgeable bankruptcy lawyer in your corner, you have options.
Should I File Bankruptcy For Credit Card Debt?
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.
How To File Bankruptcy In Ky
Hourly rates for bankruptcy cases in Louisville can range from $200 to $400 per hour. This depends on the attorney’s experience and the case’s complexity. At Hodge & Smither, we pride ourselves on our deep connection to the Louisville community. We understand the local economic pressures and are dedicated to providing solutions that are both practical and effective. If you’re considering filing for bankruptcy, reach out to us for a consultation.
What Can You Do If You Are Being Harassed By Debt Collectors?
Even though the dip in their credit score hurts at first, the effects won’t last forever. Even if you’re not sure that bankruptcy’s right for you, try to keep these ideas in mind as you deal with your debt problems. Following these do’s and don’ts will protect your future ability to take full advantage of your rights under bankruptcy law. If no creditor objects to the repayment plan, the confirmation hearing proceeds, and the plan is confirmed within 30 days of the first 341 meeting. If a creditor does object to the plan, this makes the case much more complicated. Speak with your attorney if one of your creditors objects to the proposed repayment plan.
Many states forbid lawyers to say they “specialize” in a specific practice, but for bankruptcy law you wouldn’t want it any other way. As we stated previously, filing bankruptcy on credit cards is a very real option. When you file for bankruptcy, you essentially get a second chance with your debts. However, it’s important to understand that not everyone qualifies to file Chapter 7 bankruptcy or Chapter 13 bankruptcy.
To propose a repayment plan, you will need to gather financial information, including your income, expenses, and debt obligations. You will also need to determine which debts you want to prioritize, such as your mortgage payments, and which debts you can afford to pay off over time. If you feel you’re a victim of creditor harassment, contact an experienced Kentucky bankruptcy attorney at O’Bryan Law Offices today. You have the right to sue debt collectors for harassment, but many debtors are unaware of this right. If a debt collector violated any part of the FDCPA in their communications with you, you can also file a complaint with the state or federal government.
In a Chapter 7 bankruptcy filing, the debtor’s outstanding debts are discharged, meaning the debtor no longer has a responsibility to make payments on them. In a Chapter 13 bankruptcy, however, the debtor is given a multi-year repayment plan to pay their outstanding debt. If you are experiencing undue hardship as a result of your debts, you can file for bankruptcy and have your debts discharged. The experienced Louisville bankruptcy attorneys at O’Bryan Law Offices are here to help you file your bankruptcy petition and are even prepared to defend your interests in bankruptcy court.
If you cannot produce copies of canceled checks or receipts for payments, the home will simply go back into foreclosure. We understand how scary and frustrating it can be to face aggressive or persistent debt collectors on your own. Luckily, our attorneys are here to help protect consumers in Kentucky and Indiana from deceptive practices from their creditors. We will also outline and explain your options for dealing with debt collectors and getting your finances back on track. Debt consolidations involve rolling multiple types of debt, such as credit card debt, into one monthly payment.
While many of these companies are reputable and fair, others prey on desperate consumers looking to be debt-free. Below, we briefly outline how these companies work, as well as what to look out for. We’re just a 20-minute drive west of Mount Washington, so don’t hesitate to contact us if you’re in need of legal help. We’re a straight shot down KY-44 W for 10 miles, and then you’ll turn left onto Joe B. Hall Avenue and right onto S Buckman Street.