When unpaid bills are piling up and you find yourself struggling with debt, being harassed by creditors, and worried about losing your home or vehicle, the good news is that there is help available. Bankruptcy is a debt relief remedy established by federal law that provides a legal way to have many debts forgiven and give you the breathing space that can allow you to get back on the road to financial recovery. If you are a good candidate for bankruptcy, filing can allow certain debts to be eliminated, prevent creditors from harassing you, protect many of your assets and possessions, and provide a fresh financial start so you can to begin to rebuild your life.
How do you know if bankruptcy is right for you? The Kentucky bankruptcy attorneys at Bunch & Brock have years of experience helping clients get out of a financial hole, and we can do the same for you. When you have us on your side, we can evaluate your individual situation and examine your income, debts, and assets to determine if bankruptcy, or some other debt relief plan, is your best option. We know the ins and outs of the law and can put your mind at ease by finding the best path for moving forward toward a brighter financial future.
For more than 35 years, our team of experienced bankruptcy lawyers has worked to deliver timely financial planning, legal advice and individual attention to our clients in Lexington, regardless of their economic standing.
If you are struggling with debt and financial difficulties, give us a call at (859) 353-6883 to see how we can help. Our firm serves clients in Lexington and all the surrounding counties in Central Kentucky.
The bankruptcy process is complex and making mistakes can result in complications that can make your situation worse. That’s why it’s important to have an experienced Kentucky bankruptcy lawyer guide you through the process. There are many attorneys out there, so look for one that you not only feel comfortable with but who has the experience and track record necessary to see you through your bankruptcy successfully as well as help you with financial planning to avoid future problems. Here are some reasons why we feel you should choose our bankruptcy in Lexington lawyers:
When you have our Kentucky bankruptcy lawyers on your side, we will make sure everything is filed correctly and in a timely manner. We will appear in court on your behalf, file motions to eliminate liens and respond to objections from creditors. We are here to handle all legal hurdles involved with getting you out of debt and will walk you through the entire process.
In addition, our firm also handles other legal issues, helping businesses with other legal needs as well as individuals with estate planning. Our goal is to help you implement the best financial solution for your individual situation. Call us today at 859-254-5522.
Every day, hardworking people who care and provide for their family end up with their finances in shambles, often for no other reason than the fact that the American middle class is under fiscal assault from all sides. Filing for bankruptcy is a way for many people to get out of a financial hole.
There are two common forms of consumer bankruptcy, and our affordable bankruptcy attorneys can help you decide which is best for you based on your individual situation.
Chapter 7 Bankruptcy is the most common form of bankruptcy. It enables you to discharge (eliminate) most or all consumer and/or business debts, and it is over in a few months, so you can begin rebuilding credit quickly. Chapter 7 may be your best option if you cannot pay credit card bills, medical bills, utilities, payday loans or personal loans, as these unsecured debts will be eliminated, or if you are facing court action or collection activities by creditors.
Chapter 13 Bankruptcy is best for those who do not qualify for Chapter 7 and who have a steady income and financial problems that are temporary and who may be faced with foreclosure or repossession. Chapter 13 provides a court-approved reorganization plan for you to repay some or all of your debt affordably over a three- to five-year period. You are protected from harassment by creditors; if you successfully complete the plan, the remaining unsecured debts covered by the plan are discharged.
Depending upon your individual circumstances, you may be able to keep most or even all of your assets after filing for bankruptcy. Our firm can help you select the right filing status to take advantage of legal exemptions and safeguards and help you negotiate favorable terms to keep your valued property.
Let our bankruptcy attorneys in Lexington, KY, determine whether bankruptcy is right for you and help you navigate these trying times.
Learn more about personal bankruptcy.
Bankruptcy laws were written in order to offer a fresh start to individuals and businesses – from sole proprietorships to corporations – that find themselves drowning in large amounts of debt. Corporate bankruptcies are most commonly filed under Chapters 7 and 11, but there are actually five types of bankruptcies outlined by the federal Bankruptcy Code. The numbers refer to corresponding chapters that address different situations and offer different relief.
Filing for bankruptcy lowers the amount of debt that distressed businesses owe, in some cases completely eliminating stifling financial obligations. Bankruptcies that are deftly managed can benefit from utilizing the legally mandated period of time in which bankruptcy debts can be discharged.
Bankruptcy forgives your debts, sometimes in less than a year. It can be the only way to stop aggressive creditors from using the courts to seize your possessions. Speak with a bankruptcy attorney in Lexington, KY, for assistance with your financial struggles and to learn more about your bankruptcy options. At Brunch & Brock, we’ll evaluate your situation with you and explain your options.
The good news is that you will not lose all your property in bankruptcy. There are federal and Kentucky bankruptcy exemptions that list what you can keep. You can choose which list you choose from but you can’t mix and match exemptions from both sets. Amounts for each exemption change every few years.
The following are some exemptions you may be able to utilize:
Homestead Exemption for equity in any real or personal property in Kentucky that you use as a permanent residence or for a burial plot.
Motor Vehicle Exemption for equity in one motor vehicle with accessories.
Wildcare Exemption for any real or personal property of your choosing up to the allowed value. (Ky. Rev. Stat. Ann § 427.160)
Alimony and awards such as wrongful death or personal injury awards and some life insurance.
Personal property, including household goods and wearing apparel; farming tools, equipment, and livestock; professionally prescribed health aids for debtor and dependents.
Pensions and retirement accounts. ERISA-qualified retirement and police and firefighters’ pensions, state and county employees’ pensions. You can keep your tax-exempt retirement accounts, including 401(K)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans and traditional and Roth IRAs to $1,512,350 per person (for cases filed between April 1, 2022, and March 31, 2025). (11 U.S.C. 522(b)(3)(C); (n))
Public benefits. Public assistance, unemployment compensation, and workers’ compensation.
Tools of the trade. Instruments, tools, equipment, devices, and machinery used in the normal course and scope of a person’s profession, trade, or occupation.
Be aware that while bankruptcy will eliminate most dischargeable depts, exemption laws do not protect you from every debt or creditor. There are certain debts that are “nondischargeable”; these may include child support, most student loans, most tax debts and debts incurred as a result of fraud or theft. However, while bankruptcy may not discharge every debt that you have, it can be the best remedy available to solve the greatest number of your debt difficulties.
Our bankruptcy attorneys will examine your individual situation and fight for all the exemptions you are entitled to.
If you are facing bankruptcy, an experienced bankruptcy lawyer in Lexington, KY, will ensure that you receive full protection under the law and will prevent mistakes that can prove costly. A seasoned bankruptcy attorney knows the system and how to utilize federal bankruptcy laws to your benefit. With help, a bankruptcy setback can be the beginning of your launch to a much brighter future.
When you have our bankruptcy lawyers on your side, we can simplify the whole process for you. We will walk you through the legal process, tell you what things to do and not to do, stop the annoying phone calls from collections agencies, and prepare and file all legal documents with the court. The best thing is that an attorney will always be on hand to answer your questions and settle your worries so that you can focus on making a fresh start.
For an initial consultation about your case, call us at (859) 353-6883. You’ll be glad you did.
A good bankruptcy attorney is always prepared to go the extra mile to meet individual client needs. A skilled Lexington bankruptcy attorney at Bunch & Brock will take the time to sit down with you, answer all of your questions, explain the law, and help you explore your legal options. First and foremost, we listen carefully to understand important details; then we bring the full benefit of our experience and dedication to each case. You don’t ever have to feel alone or overwhelmed by the legal system. We will always be with you, guiding you through the process to achieve the best possible outcome.
Our Bunch & Brock bankruptcy lawyer can handle all aspects of your bankruptcy case, so you can turn debt problems over to us and prepare to get on with life. We deal directly with your creditors so they are not bothering you with harassing phone calls and letters, and we provide direction and counsel to help you avoid unnecessary losses and expenses. Our bankruptcy attorneys can also help you learn how to re-establish credit and move forward with confidence. It’s true that bankruptcy can feel like a serious blow. But it doesn’t have to paralyze you or cause you to be discouraged. There is light at the end of the tunnel. With legal guidance, an honest look at your finances and renewed commitment to fiscal thrift, all of your tomorrows can be brighter than today and you can continue to build a meaningful future.
None of us ever dreams of pursuing bankruptcy, but sometimes it is the smart choice and the quickest way to get your life back on track. With a fresh perspective and lower stress, you’ll be able to make wise changes and plan effectively to pursue future goals. Talk to Bunch & Brock today at (859) 353-6883 to learn your options.
There are so many vital ways in which the offices of Bunch & Brock, Attorneys at Law, can be of service. We can answer your questions, explain the law, and explore with you your options. Most of all, we can serve as your advocate so you don’t have to feel like you are walking this path alone.
The attorneys at Bunch & Brock are dedicated to transparent client communication. We do not rely on secretaries or paralegals to meet with you and relay messages back and forth. Your attorneys personally attend to your needs throughout your relationship with the firm, from the initial meeting and through every step of our association with you. You will always meet with your lawyer – NOT a paralegal.
If you are considering filing for bankruptcy due to personal or business-related financial difficulties, if you need a will, trust or estate planning assistance, or you seek business formation advice, we are here to help in any way we can.
Contact our team of Lexington, KY bankruptcy lawyers to put the wheels of change in motion. Call us today at (859) 353-6883.
Our bankruptcy attorneys in Lexington, KY at Bunch & Brock can help individuals, families, and businesses obtain debt relief through consumer and corporate bankruptcy law. Our firm can also help individuals with estate planning, wills and trusts, and provide advice on how to avoid foreclosure.
Our business attorneys provide comprehensive legal services to small and medium-sized businesses, including business formation and incorporation.
Because You Need a Lawyer – Not a Paralegal.
When you hire a bankruptcy lawyer at Bunch & Brock, in Lexington, Kentucky, you will have a lawyer handling your case—not a paralegal or legal assistant. You will meet with an attorney who will listen to your concerns, answer your questions, and develop a strategy to meet your goals. Your attorney will return your phone calls, reply to your e-mail, and keep you informed of all developments in your case.