Chapter 7 Bankruptcy Attorneys

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[GRAPHIC: O'Bryan Law Offices Give yourself a New Beginning www.obryanlawoffices.com]
JULIE O'BRYAN: Chapter 7 is a legal process designed to help individuals eliminate their debts, gain a fresh start and give them a new financial beginning. The benefits of filing a Chapter 7 are huge. The fact that you can eliminate your debts is a huge relief for most consumers.
As far as keeping your home in a Chapter 7, so long as you don't have too much equity in the home, you'll probably be allowed to keep it. In Kentucky the exemption level is $20,000. If you're a married couple it's $40,400.
At the end of the case the debtor receives a discharge, which means that their personal liability on the debt is eliminated and their creditors are prohibited from taking any further collection activity against them.
Our clients are mostly concerned about their ability to gain a fresh start, so at the initial consultation we try to do our best to find out about the clients, get to know them. We help them through the process. We educate them. And the goal would be to come up with a plan of action so they can leave the office with a sense of hope.
[GRAPHIC: O'Bryan Law Offices 502-498-8450 866-410-2004 www.obryanlawoffices.com 1717 Alliant Avenue Suite 17 Louisville, KY 40299]