Affordable bankruptcy in Louisville starts by calling OBryan Law Offices. Their experts are dedicated to helping clients get out from under the burden of debt- and they’ve done just that for thousands of families in the Louisville and surrounding areas. If you’re looking for a solution to your financial issues, considering bankruptcy might be a smart move.
It surprises many people to learn that hundreds of thousands of people file for bankruptcy every year, many of which are filed to stop the process of foreclosure, to cancel medical debts or to find relief from mounting bills. By far, the most common reason, however, is due to debt collectors and debt purchasers who can be absolutely relentless in their endeavors to collect on past debt.
Filing for bankruptcy can eliminate credit card debt, stop lawsuits and garnishments, and create a financial atmosphere that allows you to finally sleep at night without worrying about debt destroying your life. OBryan Law Offices specializes in Chapter 7 and Chapter 13 bankruptcy in Louisville, for couples and individuals in need of a fresh start. Their experienced lawyers will help you better understand your options and determine which type of bankruptcy is right for your particular situation.
Filing for bankruptcy doesn't make you an irresponsible person; in fact, it can lead to a brighter financial future for you and your family. Clients often ask OBryan Law’s lawyers what will become of their assets, since fear of losing everything is not only a common misconception regarding bankruptcy, it’s also one that keeps a lot of people from filing in the first place. If you’re worried about what will happen to your home, your vehicle, and your assets, we invite you to schedule a free consultation with OBryan Law by calling 502-400-4020.
There are certain exemptions in place that are available to anyone who files for bankruptcy, which allow for the protection of most, if not all of the filer’s possessions. An exception to this exemption pertains to items that were purchased using a credit card. With such items, you would typically have the option of surrendering the property to discharge the debt, or enter into an agreement to repay the debt to keep the property. Settlements are can often be arranged that will allow you to keep the property.
Chapter 7 bankruptcy may offer the most complete relief of your debt and comes with numerous exemptions that will allow you to claim certain property as unavailable to creditors. In most cases involving Chapter 7 bankruptcy, holders of unsecured claims are able to collect very little or often nothing from you, so that you can keep everything you have.
Find out more about bankruptcy in Louisville by contacting the expert lawyers from OBryan Law Offices. They’ll work closely with you to determine how to best protect what you have so that you can transition into a debt-free life taking what you own with you. For more information online, click on the ‘Considering Bankruptcy’ link on the home page or call 502-400-4020.Bankruptcy Louisville
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