What might surprise you about a Chapter 13 bankruptcy in Shepherdsville, Mount Washington, Shelbyville, Taylorsville, Radcliff, Elizabethtown, Jeffersontown or Louisville, Kentucky? While many people may have heard about bankruptcy there are several common misconceptions about the process and perceived stigma of bankruptcy itself.
My name is John Schmidt, and after more than 25 years of serving the people and families of the greater Louisville area I can tell you there simply is no stigma associated with bankruptcy. This is especially true for filing Chapter 13. On of the things that might surprise you about a Chapter 13 bankruptcy is that it is “protection,” a private matter that keeps your personal and financial business protected. It isn’t published in a newspaper or listed in the bulletin at church. You don’t even have to tell your employer, friends, or even family if you choose not to.
Financial difficulties happen to most individuals and couples throughout the course of a lifetime. You simply can’t control medical emergencies, the loss of a job or the changes and challenges associated with a growing family.
Chapter 13 Bankruptcy is one of the oldest legal protections of US law and was designed to help our citizens to work through problems associated with their bills and debts while regaining their financial footing over 3 to 5 years. There is no shame associated with bankruptcy. It is simply a proven strategy to help you to focus on resolving these challenges and developing a strategy that will protect your home and other assets while you get back to a position of financial strength and independence.
Filing for chapter 13 puts an immediate “stay” on all of your creditors, prohibiting them from taking any further action to collect on your debt, repossess your property, foreclose on your home (or complete the process of foreclosure) or garnish your wages. Another thing that might surprise you about a Chapter 13 bankruptcy is how it actually brings peace, a sense of normalcy and the time to develop a solid plan to get back on track through a 3 to 5 year repayment plan. Once you’ve successfully completed the plan, your remaining debts will be discharged, and you will have no further obligation to repay them.
There are many things that might surprise you about a Chapter 13 bankruptcy in Jefferson, Bullitt, Hardin, Spencer, Shelby and Oldham counties here in Kentucky. Chapter 13 is a “wage earner’s” option providing a legal, proven path to ending all of the harassment of creditors while giving you the ability to protect the assets that are important to you while getting back into a position of financial strength and independence.
We 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 about Chapter 13 bankruptcy and relief from financial challenges and creditors. Bankruptcy isn’t an end, it is a new, fresh beginning. It doesn’t cost you anything to speak with us for a free, substantive consultation to be pleasantly surprised about how filing a Chapter 13 will make a positive and genuine contribution to your personal and financial life.
