However, be aware that the percentage of pay to repay child support, student loans, or taxes could be higher. If you owe back taxes, the federal government can Louisville Bankruptcy Lawyer garnish your wages through tax levies. However, there is a certain weekly exempt amount that you can take advantage of.

⎆ Chapter 7 Makes It Easy To Eliminate Unsecured Debt

It’s not meant to be used by those  with the means to pay their debts. That’s why every person who seeks Chapter 7 relief has to pass the bankruptcy means test. You’ll need to calculate your average household monthly income and then compare it to the median income in Kentucky for a similarly sized household. It normally costs $200 more to file as a couple than a single person. A case becomes a little more complex with more debt and property. When the client pays less, they often get fewer services or they get an attorney with less experience and knowledge.

The final steps in your Chapter 7 bankruptcy timeline are discharge and conclusion. If nobody files an objection and you satisfy all other requirements, the bankruptcy court will enter an order discharging your debts. To find out exactly what Chapter 7 bankruptcy can do for you, read our related blog post. A court-appointed bankruptcy trustee oversees your Chapter 7 bankruptcy.

Debt Consolidation Services Available In Kentucky

It’s up to you and your attorney to determine the best solution for your specific situation. For each option, there are almost always at least a few downsides. If these benefits outweigh the benefits of bankruptcy for you, we invite you to a free consultation at one of our locations.

Information provided during the initial consultation is privileged through attorney client relationship.We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The Louisville wage garnishment lawyers at O’Bryan Law Offices are familiar with all aspects of debtor and creditor issues as well as bankruptcy law. Our firm focuses on providing relief to clients experiencing financial stress. Our dedicated garnished wages lawyers review the unique facts of your situation and propose a relief plan that best addresses your needs and requirements. You can usually consolidate any kind of debt that doesn’t have collateral.

Paralegals In Louisville

In this way, we protect our clients from being bogged down with attorneys’ fees when they’re already struggling. We can also advise you on the best course of action for your individual situation. Filing for Chapter 13 bankruptcy is another option available for homeowners. You will have to prepare a repayment plan for your creditors and have it approved by your bankruptcy trustee. As with Chapter 7, you’ll get an automatic stay when you file, and it will last as long as the bankruptcy proceedings are in effect.

Our attorneys will help you figure out what your best next steps are. The sooner you have a plan of action, the sooner you can get relief from your garnishment. Lenders may either decide to keep your car as compensation for your debt or resell it.

The information quickly gets overwhelming and full of complications, so you must plan your goals together and get quality advice. In 2005, when the code changed, half the attorneys quit because it became too difficult. In California, over 90% of the do-it-yourself Chapter 13 cases fail.