O'Bryan Law Offices O'Bryan Law Offices
Call now for a FREE consultation!
502-400-4020
Office Locations

Wait! What to do after losing a job?

Losing a job can be tough. If you are fortunate to have unemployment income, you may still have a hard time making ends meet. While many people are inclined to say if they just used a little of their 401(k), they can get by until they get their next job lined up.

Losing a job can be tough. If you are fortunate to have unemployment income, you may still have a hard time making ends meet. While many people are inclined to say if they just used a little of their 401(k), they can get by until they get their next job lined up.

Wait!

Retirement savings in protected plans like 401(k)s are completely protected in bankruptcy. If you withdraw those funds now to pay debt, you may face large penalties, including income tax debt. In a bankruptcy case, we can help address your debts without monetary penalties or tax implications. Those retirement dollars you use today are worth substantially more long-term if kept safely in your retirement.

The other trap to avoid is taking an Equity Line on your home. Equity Lines of Credit place mortgages on your homes that must be paid off in full or you risk losing your home. These debts absolutely must be paid.

Call us today at 502-400-4020 to schedule a free consultation to discuss if bankruptcy is the right option for you. Make an informed decision!

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Free Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Let’s get started today!

Call 520-400-4020 to schedule your free consultation!

Attorney Group Photo
Five Convenient Locations

Main Office:

Louisville Office
1717 Alliant Avenue
Suite 17
Louisville, KY 40299

Louisville Law Office Map

Frankfort Office
307 Wilkinson Street
Frankfort, KY 40601

Map & Directions

Louisville Office
2908 Taylorsville Rd.
Louisville, KY 40205

Map & Directions

Louisville Office
9311 Preston Highway
Louisville, KY 40229

Map & Directions

New Albany Office
515 Pearl Street
New Albany, IN 47150

Map & Directions

  • Main Office

    Main Office:

  • Bowman Field

    Bowman Field:

  • Okolona

    Okolona:

  • Frankfort

    Frankfort:

  • New Albany

    New Albany: