Bankruptcy Attorney in Georgetown, KY
If you’re facing mounting bills and have no feasible way to pay them, you’re likely experiencing inescapable feelings of stress and frustration. It may seem as though you have no options; fortunately, filing for bankruptcy may be the best path forward for you.
Filing for bankruptcy can seem overwhelming and scary, but our Georgetown bankruptcy lawyer is ready to help walk you through the process from start to finish.
The attorneys at Bunch & Brock fully understand the challenging position you’re in. Our team has extensive experience in guiding clients through the bankruptcy process on the way to a fresh financial start. Let our attorneys give you the peace of mind you need.
Contact our bankruptcy lawyer in Georgetown, KY, today at 859-254-5522 for a consultation.
Why Do You Need Our Georgetown Bankruptcy Attorney?
Your financial future depends on doing things right and managing the bankruptcy law in your favor. There are a lot of moving parts when it comes to filing a bankruptcy case. You want to make sure that nothing gets left out. Our team has years of experience and know-how in handling these types of cases in Georgetown. We can step in and make those harassing phone calls and letters from annoying creditors stop immediately, giving you room to breathe.
When financial difficulties overwhelm you, everything feels stressful. Even going to the grocery store and counting your pennies or wondering whether you have money to buy gas for your car can seem insurmountable. That’s where our bankruptcy lawyers in Georgetown can help lift the load off your shoulders and create a strategy for a fresh financial start.
Why Is Bunch & Brock the Best Choice for My Bankruptcy?
At Bunch and Brock, we strive to put our clients and their needs first. We feel it’s important to get to know every individual client and their situation, as this allows us to serve you better and come up with the best legal strategy for you.
Since our inception in 1976, we’ve always gone the extra mile for our clients. We are proud of our hard work and dedication, which have earned us recognition in our community. We’ve had many successes in the past helping clients with their bankruptcies, and we’re ready to do the same for you. The bankruptcy process is intimidating, but with our Georgetown bankruptcy attorneys on your side, you can expect to receive the care you deserve while we work hard to get you the best possible outcome.
How Do I Know When It’s Time to Call Bunch & Brock?
While there is no particular time you should contact our office, from our experience we’d always say “the sooner the better.” Many individuals wait and struggle for long periods of time, prolonging their financial crisis.
The moment you feel you’re getting in too deep, contact us right away. We’ll ask all the right questions and gather the necessary details to be able to answer your questions and provide information about the best next steps.
There is absolutely no shame in needing help. Our Georgetown, KY, bankruptcy attorneys are always ready to lend a helping hand. Contact our office as soon as possible for more information on how to alleviate your financial burdens.
You can reach our Georgetown bankruptcy attorney at 859-254-5522 for an initial consultation. Get a fresh start and get relief from financial stress. Take the next step and call our team.
Can You Keep Assets When Filing for Bankruptcy in Georgetown, KY?
When you file for bankruptcy with the help of a Georgetown, KY, bankruptcy lawyer, bankruptcy exemptions can play an important role. In Chapter 7 bankruptcy, these exemptions determine how much of your property you can keep; and in Chapter 13, bankruptcy exemptions will help keep your payments affordable. Exemptions allow you to keep certain assets safe, such as a retirement account, clothing, professional tools, or an expensive car. Many exemptions protect specific property types, such as furniture or a motor vehicle, up to a certain dollar amount. An exemption may also protect the entire value of the assets.
Exemptions in Chapter 7 Bankruptcy
When filing Chapter 7 bankruptcy, the bankruptcy trustee will sell off your assets and property with a few exceptions. The trustee has the authority to sell all nonexempt property. The trustee looks at the equity of the property to determine whether or not it should be sold. The federal system and state allow you to keep some equity in your personal property, your vehicle, and your house. Our bankruptcy attorney in Georgetown, KY, can help you determine which property you are able to keep. In some cases, even though you aren’t able to exempt an asset, the trustee may not sell it since the value is not more than the exemption amount.
Exemptions in Chapter 13 Bankruptcy
When you file Chapter 13 bankruptcy with the help of a bankruptcy lawyer in Georgetown, KY, you can keep your property, but you will need to reorganize the debts and repay them with an approved plan in a three- to five-year period. Certain debts will need to be paid in full, such as secured debts and property debts. The trustee is not able to sell your property to repay creditors, but instead you will need to pay the portion you can’t exempt to the creditors.
Does Bankruptcy Get Rid of All My Debts in Georgetown, KY?
Many consumer debts can be discharged through bankruptcy. However, if you forget to include debt in your paperwork, then it won’t be discharged. There are also 19 categories of debts that can’t be discharged, including child support, fines owed to the government, tax debts, criminal restitution, student loans, and debts based on tax-advantage retirement plans. Even though some debts can be considered non-dischargeable, they can be discharged if a creditor doesn’t challenge you.
Does Bankruptcy Stop Foreclosure in Georgetown, KY?
Filing for bankruptcy does trigger an automatic stay to require creditors to stop collection efforts, but whether it completely stops foreclosure will depend on the type of bankruptcy you file.
How a Bankruptcy Attorney in Georgetown, KY, Helps You File
Even though you are able to file for bankruptcy without the help of a lawyer, the procedures and rules governing the discharge process can be complex, and it’s beneficial to hire a Georgetown bankruptcy attorney with experience in this area of the law.
The process for filing bankruptcy will be different depending on whether you are filing for Chapter 13 or Chapter 7 bankruptcy. The first step is to determine which type of bankruptcy you can file. You will be eligible for Chapter 7 bankruptcy only if you pass the means test. You can file for Chapter 13 bankruptcy if you have the income needed to make the monthly payments.
Once you have determined which bankruptcy to file, filing a bankruptcy petition will start your case and trigger an automatic stay of collection efforts. Before you are able to file for Chapter 13 bankruptcy, you will need to get credit counseling and make a debt repayment plan, which a counselor can help with.
No matter which bankruptcy chapter you file under, creditors have an opportunity to object to the discharge of debts. You need to attend a hearing, communicate with your bankruptcy trustee, and answer questions about your financial situation. With Chapter 13 bankruptcy, you will need to make monthly payments to the trustee over a period of three to five years and when this is done, then you will get a discharge.
Filing for Bankruptcy in Georgetown, KY
With so much history in Georgetown, KY, it’s easy to see why it’s a popular place to live. As the 7th most populous city in Kentucky and the home of the largest Toyota plant outside of Japan, there are plenty of opportunities, but this doesn’t always mean that bankruptcy can be avoided.
Personalized, Professional Legal Guidance from Bunch & Brock
The options for bankruptcy lawyers in Georgetown, KY, are plentiful. Still, it is important to keep in mind that not all attorneys are the same. Look for a lawyer that has the necessary experience, knowledge, and compassion to successfully get you through your bankruptcy.
Deciding whether to file for bankruptcy is never an easy choice. We’re here to address all your questions and concerns and provide the best possible route to financial freedom. Count on Bunch & Brock to guide you to your new beginning.
Call 859-254-5522 and talk to an experienced and highly effective Georgetown bankruptcy attorney. Your new future begins today.