OBryan Law Offices assists their clients in making arrangements for credit counseling in New Albany. If you’re planning on filing for Chapter 13 or Chapter 7 bankruptcy in Kentucky, you’ll be required to sign up for and attend credit counseling before you’re able to file. After filing, you’ll also be required to take a debtor education course to learn how to overcome the pattern of getting into debt. Don’t let counseling deter you from taking advantage of the benefits afforded by bankruptcy- the fact is, most people consider it a valuable experience.
OBryan Law Offices can walk you through the entire process of fling for bankruptcy, beginning with a free consultation in their office to determine whether you qualify for bankruptcy and to get you on track to take the counseling class. If you haven’t yet taken the KY Bankruptcy Means Test, that’s probably the first step before contacting OBryan Law.
Credit counseling helps New Albany residents examine the pros and cons of both Chapter 13 and Chapter 7 bankruptcy, so you can make a more informed decision with regard to your financial outcome. While chapter 7 bankruptcy always appears the more beneficial of the two, that’s not the case in every situation. You may have heard that Chapter 7 bankruptcy would erase your debt and provide you with a clean financial slate so you can start fresh with your finances- the fact is that Chapter 13 bankruptcy can do that as well, while allowing you to repay some or all of the debt you’ve acquired.
Chapter 7 bankruptcy does have its advantages. If you qualify, you may be able to have much or all of your debt discharged while keeping your home, your vehicle and your possessions. Chapter 13 bankruptcy, on the other hand, will reduce your rate of interest on current debt and may even be able to reduce the total amount of what you owe, so you can start paying down your debt in a manageable way that meets your budget. For many clients, the opportunity to pay off their debt at a reasonable rate is all they really wanted in the first place.
Credit counseling for New Albany residents can be accomplished in person, over the phone or over the Internet. OBryan Law will help you find a local counselor who can work around your schedule so it will seem less like a chore and more like the benefit that it really is. If you decide to retain OBryan Law as your bankruptcy lawyer, they’ll be there every step pf the way, from assistance with counseling to managing the filing process for you in a streamlined manner.
Get the fresh start you’ve been waiting for- schedule your free consultation with OBryan Law Offices by calling 502-400-4020. Feel free to enjoy the resources located on the OBryan Law website, including the blog library, the FAQ page, numerous ebook downloads and ample information and assistance as you determine whether bankruptcy is the right option for your situation.Credit Counseling New Albany
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