Regardless of how you got there, a Kentucky bankruptcy lawyer may be able to help you get out of debt.
There is no reason to be ashamed if you need to obtain a Kentucky bankruptcy lawyer. Did you know that last year over 1.5 million individuals filed for bankruptcy under the U.S. Bankruptcy Code? If you are having trouble making ends meet, and you feel you have no other option, a call to Total Bankruptcy should allow you to schedule a free, no obligation consultation with an experienced Kentucky bankruptcy lawyer.
Let a sponsoring Kentucky bankruptcy lawyer of Total Bankruptcy evaluate your unique situation and give you an honest appraisal. A qualified Kentucky bankruptcy lawyer may be able to advise you if you need to file bankruptcy and if so, which procedure would be most beneficial to you - Chapter 7 or Chapter 13.
|
Bowling Green
511 East Main Avenue PO Box 1656 Bowling Green, KY 42102 Map | Directions Case Evaluation | Coverage |
Brandenburg
2075 By Pass Road Brandenburg, KY 40108 Map | Directions Case Evaluation | Coverage |
|
|
||
|
Edgewood
3035 Dixie Highway Suite 106 Edgewood, KY 41017 Map | Directions Case Evaluation | Coverage |
Harlan
107 East Mound Street Harlan, KY 40831 Map | Directions Case Evaluation | Coverage |
|
|
||
|
Hopkinsville
1209 S. Virginia Street Hopkinsville, KY 42240 Map | Directions Case Evaluation | Coverage |
Lexington
1450 North Broadway Suite 310 Lexington, KY 40505 Map | Directions Case Evaluation | Coverage |
|
|
||
|
Murray
309 A North Fourth Street Murray, KY 42071 Map | Directions Case Evaluation | Coverage |
||
|
||
» Back to Locations Map |
||
Total Bankruptcy - a network of legal help
Designed as a cooperative effort, Total Bankruptcy is sponsored by some of America's respected and experienced attorneys. With many years of experience and debt consolidation cases in their portfolios, every bankruptcy lawyer of Total Bankruptcy should be available when you need help and should provide you with the resources needed to become educated about your options to help rebuild your finances.
Chapter 7 Bankruptcy - the most common type of bankruptcy proceeding.
Chapter 7 is a liquidation type of proceeding (as opposed to a reorganization proceeding). What this means is that the debtor should only be allowed to keep "exempt" property. All of the debtor's non-exempt property should be sold, or liquidated, to pay their debts. Unpaid amounts on "dischargeable debts" should be discharged.
Exempt assets are those that the debtor should be able to keep after the proceeding. Generally, a certain amount of equity in a person's home, a certain amount of equity in a vehicle, a small amount for clothing, and a small amount for other personal items will be considered exempt property. The exact value of the exemptions vary depending on which state you live in. Every state sets specific exemption values. For example, residents are allowed up to $5,000 in value of property that the debtor or a dependent of such debtor uses as a permanent residence. In addition, 75 percent of disposable earnings and $2,500 on your automobile is also exempt.
The trustee who is appointed in the Chapter 7 should collect all of the debtor's non-exempt assets and sell them. The proceeds should be distributed to the creditors according to the priority of the debt.
Secured and unsecured debts.
There are different categories of debts. Some debts are non-dischargeable even by a Chapter 7 proceeding. This means that you may still have to pay the debt off. Examples of non-dischargeable debts include child support, student loans, DWI fines or penalties, and taxes. Another type of debts is known as secured debts. A secured debt is one in which the creditor retains an interest in some of the debtor's property until the debt is paid.
Visit an office near you or call (877) 349-1309!
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.