What do you need to know about filing for Chapter 13 bankruptcy in Louisville, Shepherdsville, Mount Washington, Shelbyville, Taylorsville, Radcliff, Elizabethtown, or Jeffersontown, Kentucky. Chapter 13 bankruptcy is often referred to as a “wage earners” bankruptcy or a “reorganization.” A Chapter 7 bankruptcy is designed to more completely start over and liquidate existing debts, while a Chapter 13 bankruptcy allows you to keep a house, car and assets that are important to you while proposing a 3 to 5 year plan to pay a portion or all of your existing debts.
Most of us fall under the secured debt limit of $1,257,850 or $419,257 in unsecured debts in order to be eligible for a Chapter 13 filing. It’s more important to decide where things stand, and what is important to you now and as you consider moving forward with your life.
If you are facing constant harassment from creditors and collections agents and have been threatened with a foreclosure on your home or a repossession of your vehicle you may need to know about filing for Chapter 13 bankruptcy. Filing for bankruptcy puts an immediate stop to foreclosure, repossession, garnishment and all collection efforts. You won’t have to endure all the calls, texts, emails, voicemails and letters containing threatening messages and demands for payment. The filing of a Chapter 13 bankruptcy creates what is known as an “automatic stay” that serves as an immediate and complete halt to these intimidating and limiting tactics while providing you the relief, peace of mind and time to give careful thought to the things you want to keep and the payment plan you wish to propose.
My name is John Schmidt, and I have provided sound advice and legal counsel to the people of Jefferson, Bullitt, Hardin, Spencer, Shelby and Oldham counties for more than 25 years. I invite you to read the reviews our clients have left for you on Google, lawyers.com, Avvo and other legal websites. You will find hundreds of reviews from people just like you who have worked with my law firm and I to handle life’s challenges while protecting their goals and objectives.
There is a lot you need to know about filing for Chapter 13 bankruptcy if that is something you wish to consider. You probably have a lot of questions and need someone you feel comfortable talking to who can answer those questions and help you to move forward. I invite you to contact us via e-mail, schedule an appointment or call us today at (502) 509-1490 to get the answers you need and relief from financial challenges and creditors.
If your wages have been garnished, or creditors are threatening foreclosure on your home, the repossession of your car or other intimidating actions we can and will help.
