However, it’s important to understand how bankruptcy attorneys get paid before hiring one to represent you. Please include all relevant details from your case including where, when, and who it involves. Case details that can effectively describe the legal situation while also Louisville Bankruptcy Lawyer staying concise generally receive the best responses from lawyers.
Meet Our Attorney
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.
Our firm has over four decades of combined experience representing business owners in a wide array of financial circumstances, and we are here to put that experience to work for you as well. If you need a Jefferson County, Kentucky bankruptcy lawyer you can depend on, you’re in the right place. Individuals and sole proprietors looking to reorganize their personal or small business debts may often choose to file bankruptcy under Chapter 13. It is possible to file for bankruptcy on your own, but due to the sheer amount of laws, exceptions, and legal jargon, it is best to hire an experienced bankruptcy attorney. O’Bryan and O’Bryan Law Offices provides specialized and individualized services in bankruptcy counsel.
To determine which district you will submit your bankruptcy filing in, contact an experienced attorney. I often get concerned questions that all start with “What If.” What if my car dies? If something comes up while you are in your plan, please reach out to us as soon as possible so that we can go through the proper steps to make your plan successful.
Contact O’bryan Law Offices For Help With Bankruptcy Do’s And Don’ts
If you don’t think bankruptcy is the best answer for your situation, our attorneys can help you pursue other options. Two prominent options are reinstating the property and redeeming the property. Federal law prohibits beginning a foreclosure before the borrower is over 120 past due on their mortgage payments. This period of time gives borrowers time to pursue a loss mitigation option from their lender. Bankrutpcy court allows you the perfect place to sue creditors back in federal court. A debtor who is a victim of Fair debt collection practices act violations, fair credit reporting…
Guidelines For Bankruptcy
Five other locations in Ashland, Covington, Frankfort, London, and Pikeville also operate as divisional offices. There are many reasons why you may choose to file a Chapter 13 instead of a Chapter 7 bankruptcy. In Kentucky, you do not technically have a right to reinstate your loan unless it is a high-cost home loan. Lenders of high-cost loans must give at least 30 days’ notice of default to the borrower. Check your mortgage loan to determine whether or not you have a right to reinstate your loan. If not, there is still a chance that you can negotiate reinstatement with your lender.
Federal court cases are harder to file than cases in state court and require more work and higher standards in the work that is done. Sometimes attorneys will take less time preparing the petition, disobey the rules, delay doing work, and take short cuts. It’s important to note that filing for bankruptcy after foreclosure can be complex and may require the help of a bankruptcy attorney. The bank may offer a probationary order, which allows you the ability to catch back up over six months. However, the bank has to pay a $300 dollar filing fee to file the motion for relief from stay.
Our legal team is here to represent you and help you move on to a brighter future. Though it is not usually used by individuals, Chapter 11 bankruptcy protection is an option for individuals as well as businesses. Chapter 11 allows qualified individuals to reorganize and repay their debts over time.
Chapter 7 bankruptcy, also known as liquidation bankruptcy, is the most common form of consumer (non-business) debtor bankruptcy. Chapter 7 will halt collections activity including lawsuits, garnishments and threatening phone calls. It will also help you to eliminate most, if not all, of your debt and give you a great chance of keeping your assets. Additionally, a Chapter 7 Bankruptcy may be resolved in a matter of months. While there are many benefits to filing a Chapter 7 Bankruptcy in Kentucky, there are certain considerations that may lead you to choosing another form of bankruptcy.
