Most courts release the standard fee that the  Louisville Bankruptcy Lawyer attorneys may charge for a Chapter 13 bankruptcy without the court reviewing it called a no-look fee. Unless more than the standard work is required, attorneys cannot charge more than this no-look fee. If the case is unusual, the attorney may document the work and file a motion for fees documenting the work done and the cost.

Does Someone Have To Notify You Before Garnishing Wages?

While some fear that bankruptcy carries a negative connotation, it can actually be very beneficial to start fresh. The Chapter 7 bankruptcy attorneys at O’Bryan Law Offices can discuss your options for bankruptcy. For a better idea of the process, take a look at our bankruptcy timeline. Let’s assume your former spouse had to pay a joint credit card you both held throughout your marriage. If they don’t pay it or declare bankruptcy, you’re still responsible for the obligation, and the creditor can pursue you for payment. Because your ex-spouse broke the divorce agreement, you have the right to be repaid if you pay the amount.

However, it’s also important to note that poverty levels have actually fallen in Kentucky in recent years. While it may not be a radical change, it is still a noticeable level of improvement. Below, we list other notable indicators of Kentucky debt for consumers. With more than 600,000 people living within city limits, it’s no wonder that many of our cases come from families and individuals who live or work in the city of Louisville.

How Does Kentucky Wage Garnishment Happen?

However, bankruptcy is simply a legal tool that allows debtors to regain control of their finances. Filing Chapter 7 bankruptcy is a simple and straightforward way to eliminate most debts, especially unsecured debt. This includes credit card debt, bank loans, medical bills, pay-day loans, and old utility bills. Chapter 7 is designed to give consumers a fresh start while quickly halting creditor garnishments, lawsuits, and harassment.

Meet One Of Louisville’s Most Trusted Bankruptcy Attorneys

Contact us for a free case evaluation to see how we might be able to help you save your home. As a Wills & trusts lawyer, I help many individuals and families prepare for the future. When you have a Will in place, your family won’t be left guessing what your wishes may be or who your beneficiaries should be. Create an estate plan today so you can protect what’s important and provide some peace of mind knowing your family will be taken care of long after you’re gone.

Bankruptcy Code set a debt limit of $2,725,625 for a small business debtor seeking to file Chapter 11. Now the limit is $7.5 million or less, thanks to the CARES Act. The Kentucky homestead exemption protects up to $5,000 in equity on your permanent residence. Compared to other states’ bankruptcy exemptions and federal exemptions, this is a fairly small amount of protected equity. To find out how much equity you have in your home, calculate your home’s current value. Let’s say your home is worth $200,000, and you still owe $150,000 on it.

Instead, we will be honest and work hard to help you pick the best option for your situation and see you through it. The experienced lawyers at O’Bryan Law Offices do that by helping you regain financial independence in bankruptcy. We can also assist you when your circumstances call for an uncontested divorce, estate planning and personal injury representation.

An attorney can help you make the best decisions to protect your financial future without paying more than you should to achieve debt relief. If you have credit card debt, are struggling to handle a debt collector, or are in need of a credit counselor, we’re here for you. Those who are overwhelmed by their debt should avoid shady companies that don’t have their best interests at heart. If you want to get a debt consolidation loan with bad credit, these companies may try to take advantage of you.

These creditors want to work and compromise with businesses in Chapter 11 because they can get better terms and more money than Chapter 7 bankruptcy cases. However, some law offices don’t look for the deductions from income to allow their clients to qualify. We look for these deductions so our higher-income applicants qualify to file a Chapter 7.