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Understanding Bankruptcy Chapter 7

Chapter 7 bankruptcy doesn't involve the stipulation of a repayment plan for the debtor as is the case in bankruptcy chapter 13. In bankruptcy chapter 7, if a debtor has assets that aren't covered by an exemption, a trustee appointed by the court may sell the assets and split the proceeds to creditors as stipulated by the priorities in the Code. In exchange, a debtor will get a discharge of his or her liability for ...

Avoid These Mistakes When Hiring Bankruptcy Lawyers In Louisville, KY

             Mistake #1: Not taking advantage of a law firm’s offer for a free consultation. Free legal advice is not something to be dismissed; in fact, taking advantage of a free consultation could be the best decision you make with regard to your finances. Bring your list of questions, your concerns, a notebook & pen, and a willingness to listen to an expert and you’ll walk away better off than when you ...

Tips For Choosing The Right Bankruptcy Lawyers In Louisville, Kentucky

       Tip #1: Take your time when researching a law office to handle your bankruptcy. There are numerous choices in the Louisville area when it comes to filing for your bankruptcy. Try to obtain a personal referral from a friend or family member, or at the very least, check with online directories to see how well your prospective firms are meeting the needs of their clients. Type our name ‘OBryan Law Offices’ ...

Filing Bankruptcy In KY? Here's What You Should Know:

      If you’re looking for the protection that comes from filing for bankruptcy, you’ll find there are numerous benefits that come with hiring a reputable law firm to handle your case. Understanding bankruptcy law is crucial to fling the right type of bankruptcy to protect your assets. Whether you’ve received a notice of foreclosure on your home, or are looking at mounting credit card debt, our legal team can help you get ...

Bankruptcy – When To File: A Few Guiding Points

Filing for bankruptcy can be a good thing if done at the right time and in the right way. It can help businesses and individuals to get relief from debts so they can make a fresh financial start. It can help them save money and preserve their peace of mind.Bankruptcy can also be time-consuming and have a significant effect on an individual's credit score which can affect other aspects of their ...

Why Use An Attorney To File For Bankruptcy: How To File Through A Lawyer.

Are you thinking it is about time to file for bankruptcy since it does not seem like there is light at the end of the tunnel? Or, to put it in another words, is it a smart business move to create a light at the end of the tunnel through filing for bankruptcy? Whatever added reasons are for wanting to file for bankruptcy apart from being broke, there is the best ...

Tips For Knowing When To Hire A Louisville Bankruptcy Lawyer

       At O’Bryan Law Offices, we are proud to represent local clients who come to us to resolve debt issues. If you’re facing mounting debt and wondering whether it’s even possible to get out from under the burden of your payments, you should know that there are options available to you. The dream of attaining a future free from debt is one that should be made available to all. Our bankruptcy team ...

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