Frankfort Bankruptcy Attorney

Filing for Bankruptcy in Frankfort

If you’re considering filing for bankruptcy in Frankfort, you might have several questions. Bankruptcy in general is often misunderstood, but it doesn’t need to be the mysterious process that some make it out to be.

The Frankfort bankruptcy attorneys at Bunch & Brock have been helping Kentuckians get the most out of the bankruptcy process for years. We know how important it is to have a professional to help you through every step along the way.

Let us meet with you to discuss your financial situation. We’ll help you determine the best path to overcome your debt. Contact Bunch & Brock by calling (859) 254-5522 or filling out our online contact form to get started.

Why File for Bankruptcy?

People file for bankruptcy as a way to deal with crushing debt. Through bankruptcy, you can have much of your debt discharged or at least structured to be more manageable. Bankruptcy can allow you to keep existing property and set you up to better tackle debt that can’t be discharged.

When clients come to us, they are generally facing similar challenges. They are struggling to make payments. They are being harassed by creditors. They feel like they are in a hopeless situation. Before meeting with our team, many of our clients have also heard a lot of things about bankruptcy that aren’t true. They think their credit will be ruined and they’ll be forced to give up all their property. They are always pleasantly surprised to find out that the horror stories they’ve been told about bankruptcy aren’t based on facts.

One of the joys of our job is positioning people to have a manageable life financially. Bankruptcy law can be complex, but there are many opportunities available to a filer who has a skilled representative helping them through the process. We want to make the system work for you, and we have the skill and experience to do it.

Contact Bunch & Brock today to find out how you can best deal with the debt you’re facing. Call us at (859) 254-5522 or fill out our online contact form to get started.

What Type of Bankruptcy Should I Consider?

There are several types of bankruptcy available to individuals and businesses, but we will focus on some of the most common for people filing for bankruptcy in Frankfort. These include:

Chapter 7 – Chapter 7 bankruptcy is the most commonly used type of bankruptcy. In Chapter 7, your non-exempt assets are sold to pay off your creditors, though you will often still be able to retain much of your property. Chapter 7 offers a “clean slate,” because it allows you to discharge most debts in three to six months.

Chapter 13Chapter 13 helps protect your non-exempt assets and business property. In many cases, the terms and requirements of debt payments are changed to make it easier for the debtor. For example, a debtor can often arrange lower interest rates or monthly payments.

There are also other types of bankruptcy available. Chapter 12 bankruptcy is the path most often preferred by family farmers. Chapter 11 bankruptcy is for businesses who want to find better terms for their debt. The type of bankruptcy that is best for you depends on the specifics of your situation and your preferences.

If you’re thinking about filing for bankruptcy in Frankfort, call Bunch & Brock at (859) 254-5522 to find out more about the process. We want to meet with you to learn more about your situation, so we can enable you to overcome the debt you’re facing.

How Bunch & Brock Can Help

Our team knows the challenges facing our clients. So much of our practice is devoted toward finding solutions for people in seemingly impossible situations. It might feel as though your struggles can’t be overcome, but we have yet to find a problem that doesn’t have some solution to make our clients’ lives easier.

We work with individuals and businesses alike to plan the best course of action to tackle their debt. We also assist clients with estate planning, wills and trusts. Ultimately, we know that our role is helping people regain control over their financial situation and to plan for a better future for themselves and their loved ones.

When you hire Bunch & Brock, you can be sure that your case will be handled by an attorney and not a paralegal or legal assistant. You can also be sure that you will have direct access to your attorney. We are always just a call away, and we make it our priority to promptly address any concerns or questions our clients might have.

Don’t let debt control your life. Call the Frankfort bankruptcy attorneys at Bunch & Brock at (859) 254-5522 or fill out our online contact form to schedule an appointment with our team.

Why Bunch & Brock Loves Frankfort, KY

Frankfort, one of the most picturesque cities in the Commonwealth, is conveniently located adjacent to I-64, making it accessible in just a short drive to Kentucky’s two largest cities, Louisville and Lexington. Frankfort has served as our state capital since 1792.  The town’s scenic highlights include the capitol building and manicured grounds, complete with a distinctive, grand floral clock.

Frankfort History

Founded in 1786 when James Wilkinson purchased land north of the Kentucky River, Frankfort is named after a tragedy. Stephan Frank was among a group of early pioneers working at a ford on the river when they were attacked by Native Americans. Frank died as a result, and the ford was named after him: “Frank’s Ford” later changed to the present Frankfort.

When Kentucky became the 15th state to join the Union in 1792, early residents were successful in lobbying the selection committee to choose Frankfort as the Commonwealth’s capital. As funds were allotted toward Frankfort’s infrastructure and growth, the population continued to increase. From a population of 628 during the first census in 1800, the number of residents had grown to roughly 3,700 by the time the Civil War broke out.

While initially neutral, Kentucky eventually chose to side with the Union, and fortifications were built. Despite the defenses, Confederate troops occupied the city for roughly a month before being pushed back and out.

Economy and Growth

Frankfort’s economy throughout the years has largely served the administrative and government center of the Commonwealth, but business ventures have branched out in several directions. Among other enterprises, Frankfort has long been known for its many distilleries. While Prohibition affected the city much like other bourbon-producing parts of the state, Frankfort and the surrounding area are now home to several distilleries, including Buffalo Trace.

The town was briefly a center for the automotive industry, but the Great Depression effectively closed that sector down. And although the distilleries had shut down for the most part during the Prohibition era, it was the spirits industry that helped pull the local economy back from economic catastrophe.

Frankfort enjoyed its greatest period of growth after World War II. The post-war economy allowed the city to double its population, from roughly 11,500 in 1940 to 21,900 in 1970. The city has enjoyed more moderate growth since then, to a 2016 estimate of around 28,000.

Frankfort Amenities

Present-day Frankfort is a vibrant city, with rebuilt and revitalized architecture and many new businesses prepared to embrace the future without forgetting the past. By any standard, this tree-lined, river city is simply a pleasant place to live.

The city boasts nine parks, with opportunities for outdoor activities and adventures only a short drive or bicycle ride away. Dissected by the Kentucky River and Elkhorn Creek, boating, kayaking, canoeing and fishing are literally just around the corner. Frankfort hosts cycling clubs and the Bluegrass State games, an annual event designed to allow all age groups to compete in a variety of sports.

Frankfort is a town that has clearly found its identity and has grown into its potential. And, as both the city and the economy of Frankfort continue to grow, Bunch & Brock, Attorneys at Law, is proud to serve the community’s legal needs.

Legal Help for Financial Concerns

Practicing for more than 35 years out of offices in nearby Lexington, Bunch & Brock provides financial services and legal representation for businesses large and small, as well as for individuals and families. Founded by W. Thomas Bunch Sr. in the 1980s, ours is a family-owned firm.  Sons W. Thomas Bunch II and Matthew B. Bunch now practice alongside Caryn L. Belobraidich, serving clients in Frankfort and throughout Fayette, Jessamine, Woodford, and Scott Counties.

Bunch & Brock attorneys have helped numerous Kentucky businesses get started and, come what may, have been there to represent business owners with reliable legal support. We offer comprehensive business services, including assistance with contract disputes and litigation, if needed. We have provided counsel and representation for bankruptcy filings for many high-profile Kentucky-based companies.

Our firm capably manages personal financial affairs for Frankfort citizens, offering full estate planning services for people from all walks of life. We also provide debt restructuring assistance and personal bankruptcy guidance and representation. This includes Chapter 7 and 13, as well as Chapter 12 filings for family farmers and fishermen.

Contact Bunch & Brock

If you need the help of a qualified attorney and are considering filing for bankruptcy in Frankfort, please don’t hesitate to contact our firm for a private consultation. Give us a call at (859) 254-5522 or contact us online to request an appointment.