This is why many potential filers seek Louisville Bankruptcy Lawyer bankruptcy to also seek multiple kinds of relief from their debts. In Louisville, reliable transportation is crucial for daily commuting and maintaining employment. Our attorneys have successfully assisted clients in retaining their vehicles through both Chapter 7 and Chapter 13 filings. By leveraging local ‘fresh start’ programs offered by car dealers, we can help you secure a more dependable vehicle, ensuring you stay mobile and financially stable. With the help of our knowledgeable and experienced lawyers, you can take the necessary steps to get back on your feet again.
A plan may not arrange for payments to be made over a period of more than five years. Any additional obligations are usually forgiven after your assets are sold. Student debts and taxes, for example, are not excluded and must be paid off eventually. Cases of bankruptcy can be dismissed for a variety of reasons, including failure to follow a repayment plan or a professional error. Finally, if a debtor’s circumstances have recently altered, an automatic stay may be imposed or prolonged. Whether you want to file bankruptcy in chapter 7 or chapter 13, Nick has the expertise to cover them.
We exist to help you find the highest rated Louisville lawyers for your needs. Ironically enough, not all creditors choose to show up at the 341 meeting of creditors. When they do, however, it’s usually because they suspect something. The best thing to do if a creditor shows up at the 341 meeting is to just tell the truth. In the rare case that a creditor appears, they might ask you questions about the following topics.
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The most common kind of bankruptcy filed by individuals is Chapter 7 bankruptcy. This is when the court appoints a trustee to oversee the sale of your assets. Any valuable possessions you have may be sold to pay off your obligations. Although courts may provide exemptions for essentials such as your home, car, or retirement savings, this is not a certainty. You can declare for bankruptcy more than once in your lifetime.
You must, however, be able to pass the means test in order to file this form of bankruptcy. Some divorcing couples choose to finalize their divorce before worrying about filing for bankruptcy. This helps in cases where you plan to file for Chapter 13 bankruptcy if you want to keep more of your assets. You might also file for Chapter 13 if your income is too high to qualify for Chapter 7.
In 2019 these fees increased nationwide to about $1,400 and $1,600 dollars. Nationwide, the attorney fee for filing a normal Chapter 7 uncontested bankruptcy has been about the same cost as a nice GE refrigerator at Lowes. If you have been garnished before you filed for bankruptcy, it is possible to get some of your garnished wages back. Funds in excess of $600 taken within the ninety days prior to filing can be recovered. Any amount that is taken after the filing date can also be recovered. Usually, a refund check will be sent to your attorney for you to pick up.
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Mississippi born and raised, Attorney John Hughes is committed to excellence, and has been successfully representing our clients since 2002. Filers who’ve lived in Kentucky for at least two years can choose to use federal exemptions or state exemptions. However, you’ll need to examine both to see which provides the best protection for the assets you have. Even though you’re meeting with your trustee and not a judge, you must still arrive on time and dress appropriately. If you’re working with an attorney, they’ll complete the forms based on the information and documents that they collect from you. If you’re filing without an attorney, you’ll have to complete the official forms yourself.
To file bankruptcy, a client has to take credit counseling before filing. After filing the Debtor has to take the Debtor education class. Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.
According to the Kentucky bankruptcy exemptions, the following forms of real or personal property are exempt. When a creditor shows up to the meeting, it’s a good idea to have your attorney present. This way, you won’t be manipulated into making statements that can work against you. Not all attorneys are created equal — some work to become outstanding in a specific area, such as working with foreclosures and student loans.