Be sure to choose your attorney wisely and not just Louisville Bankruptcy Attorney 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.
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.
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. Because credit is so important, we understand the worry that a garnishment might affect your credit score. Technically, the damage that’s done to your credit score comes more from the missed payments rather than the garnishment itself. A judgment is required before a creditor or collection agency may obtain a garnishment order.
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 facing foreclosure and you want to defend against it, working with a foreclosure attorney is your best bet. Defending against a bank, a mortgage company, or another lender can often be a confusing process.
Chapter 13 Bankruptcy In Kentucky
Known as the automatic stay, this feature of the bankruptcy process is essential to protecting the system of debt relief created under federal law. One of the biggest perks of filing for bankruptcy is that as soon as you do, the Bankruptcy Court will issue an automatic stay. Essentially, the automatic stay prohibits creditors from all collection activities until the bankruptcy process has come to a close. This also means that you will get to keep your home at least until the bankruptcy process ends, even if you file on the date of foreclosure.
Personal Approach
They can, however, garnish any disposable income that is greater than 30 times the federal minimum wage. Between this amount and 25% of someone’s income, they must choose to garnish the smaller amount. Unsecured debts, however, don’t have any collateral attached to them. This means that if you don’t pay, there’s nothing that’s taken away from you. However, your credit card company extends a line of credit for you. If you can’t pay back what you owe, they can’t take your property.
It’s important to understand that states have the right to impose stricter garnishment limits. However, Kentucky adheres to federal law when it comes to garnishments. Car loans in Chapter 7 bankruptcies can also be difficult to understand, especially when the car is attached to the loan as collateral. This means that, while you own the title to your car, your lender also owns a partial interest in the property, so they can place a lien on your vehicle. For over 20 years, nearly 50,000 clients had trust on our experience and knowledge to handle some of the most difficult legal problems, taking their cases to a successful conclusion. If you have a specific Louisville lawyer that you’d like to nominate, or you’d like to include your own practice for review, please visit the Contact Page and complete the form.
For more specific information related to the benefits of bankruptcy, we recommend reading our related article. You’ll also need to disclose any lawsuits that have been filed against you and any property that has been repossessed. At our firm, we assist clients with filing for bankruptcy and with other consumer protection matters. By sitting down to a free initial consultation with a skilled and knowledgeable bankruptcy lawyer, you can start taking control of your finances. Call our office or complete our online contact form to get started. The attorneys at Hodge & Smither understand that times can get tough for Kentucky households.
Tracy will work with your schedule when setting up consultations and follow-up appointments. If you need an evening or a Saturday opening, she’ll make it happen. Furthermore, if you need an emergency filing, she’ll work hard to get you a same day appointment.
If these benefits outweigh the benefits of bankruptcy for you, we invite you to a free consultation at one of our locations. Our Kentucky bankruptcy lawyers can analyze your situation inside and out to determine which course of action is best for you. Even though we dedicate a large portion of our practice to helping consumers file Chapter 7 Bankruptcy and Chapter 13 Bankruptcy, we also understand that it’s not for everyone. In fact, there are some notable positives to consolidating debts that don’t come with bankruptcy filings. Often, when consumers hear the word “bankruptcy,” they immediately shy away, because there’s a widespread misconception about how damaging filing for bankruptcy actually is.
At Hodge & Smither, we offer free consultations and can provide payment plans so that our clients can get much needed counsel and advocacy in the situations where they need it most. For those considering bankruptcy, it’s important to be aware of the local resources that can support you through this process. The Louisville Metro Office of Resilience and Community Services offers various programs to assist residents facing financial difficulties. Additionally, the Kentucky Court of Justice provides valuable information on bankruptcy filings and legal proceedings.
We Offer Virtual Consultations
However, if you’re looking to buy a house or car in the near future, you may want to consider another option. The United States Bankruptcy Code provides different options for resolving your personal debt obligations. There are various types or “Chapters” of bankruptcy available to you depending on your needs. Each type of bankruptcy has its own requirements for filing, as well as unique powers not available through other types of bankruptcy. Another way that bankruptcy attorneys in Louisville may get paid is through an hourly rate. In this fee structure, the attorney charges a set hourly rate for the time they spend working on the case.
You’ll start attending these meetings about 30 to 45 days after you file your petition to give your creditors an opportunity to object to your repayment plan. You’ll need to provide a detailed accounting of your income, debts, assets, and expenses. You’ll also need to list any creditors you want to include in your repayment plan. First and foremost, you should only file for Chapter 7 bankruptcy if you’re truly in a financial bind and cannot afford to pay your debts.
I know it can be scary but having the right people guide you makes all the difference. They were so professional and addressed every single question I had promptly. I finally have my life back and I couldn’t have done it without Clark and his team. There are also mortgage programs that let you refinance to a lower interest rate. Plus, you can pursue a mortgage modification, ask for an accounting of mortgage charges, and file motions to contest improper claims in Chapter 13.
In the Western District of Kentucky, you can file by email or in person. Instead, once you’ve completed the forms, go ahead and print two copies of everything. The Kentucky bankruptcy court will keep the original as your official case documents. If you can’t afford it, you can request a fee waiver from the court. To qualify for this waiver your income must be less than 150% of the federal poverty guidelines.