You need to know that there are options for resolving your medical debt. If you are overburdened by existing medical debt, give us a call for your Free Louisville Bankruptcy Lawyer Bankruptcy Consultation. Other areas of law often involve some sort of loss, but that’s usually not the case with bankruptcy.

Here is a 56-minute February 2015 audio of a judge hauling both the attorney and his clients into court over collecting attorney fees after their cases filed. In fact, about 30 of his clients were hauled in for paying his fees after the case filed. Proposing a repayment plan is a crucial step in the Chapter 13 bankruptcy process. When filing for Chapter 13 bankruptcy, you will need to propose a repayment plan that outlines how you intend to pay off your debts over a period of three to five years. This plan must be approved by the bankruptcy trustee, your creditors, and the bankruptcy judge. However, Chapter 13 shows an effort to repay debts, which can be viewed more favorably by creditors compared to Chapter 7 bankruptcy, which involves the liquidation of assets.

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This is why you should call us today for your Free Bankruptcy Consultation. By providing affordable, one-on-one personal bankruptcy services, attorney Michael B. Marks can help you make financial freedom a reality. As you begin the filing process, Michael will work alongside you to silence the creditors and help you get started down the path of restarting your financial life. Filing for bankruptcy can be difficult, but working with an experienced attorney can make the process smoother and more manageable. The benefits of their expertise and guidance can make it a worthwhile investment.

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Once these are completed, all that remains is receiving the final decree from the court. The final stretch of your bankruptcy case will be handled largely by the bankruptcy trustee, as they must submit certain documents to the court. Usually, the closing process begins after you have completed all of your plan payments, which is around months after filing. If an issue arises that affects your ability to make payments, have your attorney work with the bankruptcy trustee to propose a modification of the plan to the bankruptcy court. All modifications are subject to approval by the court before they go into effect. You may also be able to convert Chapter 13 to Chapter 7 under certain circumstances.

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You only have 20 days after you are served to file an answer or file bankruptcy. Otherwise, the court will typically issue a default judgment and sale. For example, lenders may not discriminate against borrowers on the basis of race, age, ethnicity, religion, sex, and many other attributes. We recommend establishing an attorney-client relationship with a skilled attorney in your area. This way, you can rest assured that your legal counsel will know all federal, state, and local protections available to you.

For millions of Americans, sleepless nights caused by financial worry are a fact of everyday life. He will work beside you to ensure you understand all your options. To recommend or link to this lawyer as a trusted attorney, we have provided a list of sample links. What’s more is that she does it all with compassion and understanding. Her goal is to break down the stigma surrounding bankruptcy, and she does that by educating her clients, and by providing unparalleled customer service. Navigating the bankruptcy process can feel overwhelming, but knowing what to expect can ease your concerns.

In some cases, we can find a way to keep your company in business through a debt repayment plan. In other situations, we can show you that the business entity is not worth saving, and we’ll concentrate on minimizing your exposure to personal liability. Where the distinction between business and personal assets has been reasonably well-preserved, it might make sense to file separate bankruptcy cases for the business and the individual.