At Farmer and Wright, PLLC, our experienced Kentucky bankruptcy lawyers will help you get the fresh financial start you need. We understand how stressful it is to handle debt, especially after losing a job, suffering an injury, or getting divorced. Our Louisville bankruptcy attorneys are available Louisville Foreclosure Lawyer to help you regain control as well as rebuild your finances.
The original owner has a right to revoke said property from the borrower or buyer without invoking court proceedings. The most common type of repo is generally the repossession of a vehicle. It goes without saying, but nobody wants to have their property repossessed.
Chapter 7 Vs Chapter 13 Bankruptcy Discharge
Our bankruptcy section intake or questionnaire is designed to uncover assets. All of the questions your attorney asks are designed to ensure we don’t miss assets and transfers that we can often fix before the case is filed. Our intakes and questionnaires won’t prevent someone from lying. If you’re facing foreclosure and you want to defend against it, working with a foreclosure attorney is your best bet.
Our Louisville disability attorneys have worked with countless clients who have been denied more than once by Social Security. At Farmer and Wright, PLLC, we can help you present a compelling case to the Administration, as well as make sure you do everything to increase your chances of success. If you’ve been seriously injured in an accident, you will need to act quickly to get the compensation you deserve. Your first step should be to contact an experienced Louisville personal injury attorney. At Farmer and Wright, PLLC, we can help you recover your lost wages as well as damages for medical bills and expenses. As soon as your case is filed, you are protected under the bankruptcy code, meaning creditors cannot call you, sue you, repossess, garnish, or foreclose.
Need An Experienced Wage Garnishment Lawyer?
Those struggling with managing their debt are often desperate for a solution. That’s where debt settlement and debt consolidation companies come in. In many cases, a debt settlement company will target vulnerable individuals seeking debt settlement services. Sometimes, a debt consolidation loan or debt settlement plan is ultimately a ploy to trick consumers into paying more than they owe. Unfortunately, the relative newness and popularity of this industry mean it is largely unregulated. At O’Bryan Law Offices, we offer Kentucky residents a chance to achieve debt relief without being left worse off than they were before.
Therefore, not only will we inform you of your rights, but we will also help you defend them. Most importantly, a foreclosure attorney represents you in court, ensuring that you follow all the procedures and processes. They also help you fill out paperwork, meet important deadlines, and even achieve a loan modification if necessary. We explore all possible options on your behalf, helping you decide which course of action is best for you. If you’re considering any of the options mentioned above, speak with a foreclosure attorney immediately. The stay lifts automatically when the court grants your discharge of debts, which takes about three months.
However, working with an experienced bankruptcy law firm can help you achieve bankruptcy relief as quickly and painlessly as possible. Additionally, it’s important to note that this is merely a meeting, not a hearing like in a bankruptcy court. Therefore, a bankruptcy judge won’t be there, and all decisions made during the meeting won’t be legally binding. However, you may need to pay the first few Chapter 13 plan payments into the attorney’s trust account.
Most mortgage creditors won’t consider you for mortgages in the future if your credit report shows a foreclosure. Although you’ll receive a blow to your credit, you’ll rebuild good credit sooner because you will be debt free. Deciding over whether or not bankruptcy is the best option for you is not an easy one. That’s why consulting with an experienced bankruptcy attorney can help you make the right decision for your unique financial situation.
Secured creditors must receive the value of their property, and unsecured creditors must be given the same amount as they would have received in a Chapter 7 liquidation. Chapter 12 is intended for family farmers or fishermen who have a consistent yearly income. It allows financially challenged family farmers and fishermen to develop and follow a plan to settle their obligations in full or partly. Debtors submit a payment schedule to creditors under Chapter 12 that includes making installment payments to creditors over three to five years.
The court will create a payment plan for you, generally on a monthly basis, that permits you to pay off sections of your debt over time. The court might order you to keep to a strict budget in addition to structuring your payment arrangements. They can even double-check your expenditures to ensure you’re on track. If your debts were dismissed in a previous Chapter 13 case, you won’t be able to get a discharge in a future Chapter 13 until you file it at least two years after the first one.
Do you know that you can still file even if you have slightly more equity in property than the exemptions? You can often file if you have more than the average income and 97% of people qualify. These records, including any needed costs, must be submitted with the bankruptcy court clerk near the person’s home or place of business. Most attorneys, however, acquire an initial payment or a couple of plan payments to prove to the court that you can and will make payments during the plan. This also ensures the filer will pay at least part of the attorney’s fee.