The trustee must then submit their final report to the court, generally within 4 months of the completion of the repayment plan. This report will inform the court of how the Louisville Foreclosure Lawyer payments were disbursed to your creditors. Usually, a Chapter 13 repayment plan will last anywhere from 36 to 60 months. The duration of the plan usually depends on several factors, including the debtor’s income and how much time they will need to complete the plan.
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.
Do I Need A Jefferson County Consumer Bankruptcy Lawyer?
1) Bankruptcy can pay 0 zero back to creditors 2) Bankruptcy is a court order from a federal judge you dont have to beg 3) Bankruptcy places you into control… There are a fes simple steps I outline on my website how people can get a high FICO score after filing bankruptcy. Determining which process is best for your situation can be difficult, but you don’t have to face it alone. Seek the advice of an experienced attorney before making any important decisions on how you want your estate to be handled. While it is possible to establish a Will without legal counsel, I certainly wouldn’t recommend it. If you want to ensure that your Will is valid and effective, you’ll need the advice of an experienced estate planning attorney.
Our Louisville bankruptcy lawyers help individuals file for Chapter 7 or Chapter 13 bankruptcies. The two general differences between the types of filings are what happens to a filer’s assets and their debts. Let us be your advocate when it comes to saving your home, protecting your paycheck, and helping you obtain the debt relief that you need. If you’re looking for a compassionate bankruptcy lawyer in Louisville KY, then look no further.
Not only do state and federal laws protect consumers from shady lending practices, but they also prevent debt collectors from acting in certain ways. Debt collectors may not continue to contact you if they know that you are represented by a creditor harassment attorney. If a debt collector calls you after you’ve retained a lawyer, give them the name and contact information of your attorney and ask them to stop calling you.
If your plan pays less than 100% every Chapter 13 Debtor must send a copy of the income tax return to the Trustee with a Budget. With an intimate knowledge of the law and extensive experience as a legal counselor, prosecutor, and judge, I’m proud to offer my guidance and support to anyone in need. I approach each case with detailed attention and determination to explore every avenue in pursuit of your best interests. VIPS provides early intervention services to Kentucky and Indiana’s youngest children with blindness and low vision. Services include evaluations, in-home visits, and access to resources that help parents and caregivers better understand and support their child with visual impairment. When a loved one has died without a sufficient Will or trust to avoid probate, you need a lawyer to oversee and help you through the process.
Wallace has worked in bankruptcy law for over 25 years–helping people get relief from the burden of debt and find peace of mind. He has been recognized as one of Louisville’s top lawyers in Louisville magazine in 2008, 2009, 2011, and 2012. The situations that lead people to file for bankruptcy are often tough. This is why many potential filers seek bankruptcy to also seek multiple kinds of relief from their debts.
Technically, there is no minimum debt requirement for a person to file bankruptcy. However, we always recommend exploring your options with a skilled attorney to make the best possible decision for your situation. Filing for bankruptcy helps countless debtors achieve debt relief every year, but it isn’t a one-size-fits-all solution. As we mentioned earlier, bankruptcy is a valid solution for preventing lenders from foreclosing on your home. When you file for bankruptcy, this stops the foreclosure process in its tracks.
Bankruptcy’s Benefits And Drawbacks
What’s more, I filed the first Chapter 11 Small Business Reorganization Act case in Western Kentucky for a small mom-and-pop business. Chapter 13 bankruptcy requires debtors to use their disposable income to repay their creditors. Disposable income is the amount left over after mandatory expenses, such as taxes and child support, have been paid. The debtor makes payments to a trustee, who distributes the funds to creditors.
Top-rated Bankruptcy Law Firm
Be sure to choose your attorney wisely and not just based on their cost. We represent a diverse group of clients in a wide range of business matters, including general corporate law, commercial real estate transactions and corporate reorganizations. We also represent both companies and individuals in bankruptcy matters and handle a wide range of civil litigation matters at both the trial and appellate levels. We also represent clients in probate and domestic relations matters.
This may provide individuals and businesses a new opportunity to reorganize their debts and make arrangements to pay all of a portion of the debts and save their business. Once Chapter 13 is successfully filed, almost all collection actions against the debtor are automatically put on hold. This “stay” may only be effective for a short time, but can be extremely beneficial to the debtor.
If you’re unsure whether it’s the right decision for you, speak with an experienced bankruptcy attorney. He or she can help you understand the process and decide if it’s the best option for your particular situation. The decision to file for bankruptcy can be overwhelming and stressful. Every year, thousands of people file for bankruptcy across the state of Kentucky. In fact, the bankruptcy laws were put in place to help individuals like you who are facing financial difficulties. Filing for bankruptcy affords the opportunity to eliminate bills or restructure debt into a payment plan that you can afford.
At O’Bryan Law Offices, we don’t want our clients to feel like filing a Chapter 13 bankruptcy is a bad thing. Despite what many people say, filing for bankruptcy is a path to financial freedom. Here at Schwartz Bankruptcy Law Center, we help those struggling with debt get the fresh start they deserve. We are committed to offering debt relief options that are in your best interests and are designed to give you peace of mind. Our attorneys have over 40 years of combined legal experience and know how to handle bankruptcy filings.
In most cases, an attorney will be a better option than a debt settlement company. They can help you with everything that a settlement company can, plus much more. Not only will they review your finances and find the best solution for you, but they will also negotiate with creditors on your behalf.