Bankruptcy Law

As soon as you have made the decision that bankruptcy is actually the best alternative for your financial situation, you are going to need to determine which type of bankruptcy is most advantageous. If you are an individual or a small business operator, then your most apparent choices are chapter 7 "liquidation" bankruptcy or possibly chapter 13 "wage earners", also known as "reorganization" bankruptcy. The intricate ins and outs of bankruptcy law can leave the average consumer in a state of confusion and stress, which can lead to costly mistakes when attempting to file their motion in the courts. At O’Bryan Law Offices, we actually specialize in all forms of bankruptcy law, giving you the upper hand for your financial future.

With over twenty years in business, along with decades of professional experience, the bankruptcy law experts at O’Bryan Law Offices can guide you and advise you as to which type of filing is the most beneficial for your unique circumstances. We provide a complete, comprehensive approach when it comes to your situation, as we realize that no two statuses are identical. We maintain a one on one form of communication throughout the process, and long after that, as well. It is our firm’s main objectives to educate you, communicate with you and advise you how to keep ahead of another unforeseen financial downfall. We also strive in ensuring you that you never feel alone, and your calls and questions are encouraged and acted upon.

Loss of revenue coupled with a huge amount of debt is the top reason folks file for bankruptcy. Compounding factors as divorce, medical emergencies, or maybe the death of a relative are common. Conclude that in this particular situation the debtor doesn't have a income apart from unemployment benefits, doesn't own a house, as well as has one automobile with a loan against it. In situations like this, a chapter 7 bankruptcy is probably the fastest, easiest, and the most effective ways of eliminating debt. As a situation of reality, this is probably the most typical bankruptcy case, often known as a "no asset" bankruptcy.

Homeowners who are experiencing a loss of revenue have choices under bankruptcy law. For all those homeowners whose property value has dropped below the valuation of the loan against it, chapter 7 is most likely also the smartest choice. Because the valuation of the house is actually under the value of the lien against it, the homeowner has no equity in the bankruptcy estate, therefore the home is shielded from liquidation. A chapter 7 bankruptcy could easily relieve them of their obligations to repay unsecured debts, making month bills far more reasonable.

If you would like some additional information regarding our expertise in bankruptcy law, O’Bryan Law Offices would like to invite you to visit our website. At obryanlawoffices.com, you can schedule your no cost, no obligation consultation by simply leaving your contact information, for a fast response. You can also call us at 502.400.4020, and speak with one of our friendly and knowledgeable legal team members.

O'Bryan Law Offices
2721 Taylorsville Rd, Louisville, KY 40205

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Bankruptcy Law