Kentucky Bankruptcy Lawyers
Have a Kentucky bankruptcy attorney guide you through your case
You don't have to fight your debt alone. Bankruptcy lawyers in Kentucky may help you use this powerful, legally secure tool to eliminate your debt and get a fresh financial start.
How could bankruptcy work to eliminate your debt? You can find out more about how bankruptcy would affect you during a free case evaluation with a bankruptcy lawyer near you. Ask any questions you like and get the facts so you can make an informed decision about your future.
Complete the free form on this page or call, toll free, 877-833-2410, to get started. We'll connect you with a bankruptcy lawyer in Kentucky near you so you can against your debt.
Filing Bankruptcy in Kentucky
The laws in Kentucky provide a few options when it comes to debt relief through bankruptcy. Personal bankruptcy is divided into two main chapters, 7 and 13. Either may be used to clear your debts, but they only one may be a good fit. It all depends on your needs and goals.
Chapter 7 bankruptcy is often a good fit for people with lots of credit card debt and medical bills. This may be a good option if you don't have the regular income needed to pay off your debts. Chapter 7 typically also works quickly, and may be able to completely wipe out many of your debts in only a few months.
You may also be able to protect your home, car and other possession using Chapter 7 exemptions. These outline the specific types and amounts of property that are secure from a forced sale because of your filing. In almost all Kentucky Chapter 7 cases there is no property sale of any kind.
- Homestead: Up to $5,000 for real estate used as primary residence
- 75 percent of your earnings
- Up to $2,500 for a vehicle
- Up to $3,000 for household furnishings, clothing, appliances, jewelry and books
- $3,000 for livestock, tools and farming equipment
- All professionally prescribed health aids
Your attorney may go over the exemptions in detail and help you secure all of your property during your case.
However, if you have lots of property you want to protect and need the strongest property protections offered by bankruptcy, then Chapter 13 may be a better fit.
Chapter 13 is designed to help you resolve back debt from your home mortgage and car payments as well as credit card, loan and medical debt. The process takes longer and requires regular income with which to make payments to a court trustee.
But the automatic stay halts all foreclosure, repossession, wage garnishment and other collection efforts during this time. For many people, this is an effective way to get control of their mortgages.
Connect with a Local Kentucky Bankruptcy Lawyer Today
You don't have to decide which type of bankruptcy you want to file today. But you can make a decision to fight back against your debt.
Get a free case evaluation with a Kentucky bankruptcy lawyer near you when you complete the free form on this page. Learn how bankruptcy laws would work for you to clear your debt, and what they could mean for your future.
You don't have to live with the burden of debt. Take action today and get back to living your life.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.