Thinking about bankruptcy but worried about losing your home and property? OBryan Law Offices can help you better understand exemptions in Chapter 7 bankruptcy in KY. Get the most complete relief from your current debt through Chapter 7 bankruptcy and learn how to keep more of your assets through making use of exemptions.
OBryan Law Offices’ bankruptcy attorneys can help you determine the best way to file for bankruptcy in order to protect your assets. If you’re like most individuals, Chapter 7 will offer the most complete relief, but it takes the knowledge and expertise of a qualified lawyer to look at your income and assets and compare them with the bankruptcy code to find an option that will result in the best possible outcome. OBryan Law offers free consultations in their office; schedule your visit by calling 502-400-4020.
The biggest advantage Chapter 7 bankruptcy offers is the prospect of a complete discharge of your unsecured debts. This means you may be able to walk away from credit card debt, medical bills, revolving loan accounts and any other debt that was not covered by collateral, with few exceptions. While not all clients qualify for Chapter 7, OBryan Law can analyze your income and expenses to determine whether it would be the right decision for you.
In order to get the full benefit of this type of bankruptcy, the proper use of exemptions for Chapter 7 bankruptcy in KY must be taken into consideration. You may have heard, or been led to believe that under Chapter 7 bankruptcy you would be required to sell off and divide the proceeds from your assets among creditors, but that’s not always how it works. There are numerous exemptions in place for Chapter 7 bankruptcy in KY that allow you to claim property as unavailable to creditors. Holders of unsecured claims typically collect little or nothing under Chapter 7, enabling you to keep what you own.
Under the Bankruptcy Code, Chapter 7 provides the most complete relief from debt, however it does come with certain responsibilities. Part of the qualification process is that you must make a full and accurate disclosure of all debts and assets. OBryan Law Offices will make sure you understand your responsibilities and will be there every step of the way to help you meet them. The goal in every case is that it progresses smoothly from filing to the final discharge when you’ll be declared free of obligation to the debts involved.
Employing the exemptions for Chapter 7 bankruptcy in KY, OBryan Law can help you keep significant assets, and in most cases, businesses can continue with operations. Find out more by calling OBryan Law Offices at 502-400-4020 or visit the website for free informative tools and information on your journey to becoming debt free. The OBryan Law website is designed to provide valuable resource in making the decision to file for bankruptcy. Live Chat makes it possible to get immediate answers to your most pressing questions about bankruptcy, and exemptions for Chapter 7 bankruptcy law in KY.Exemptions Chapter 7 Bankruptcy Ky
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