Best Probate Attorneys in Elizabethtown, KY

Chapter 7 is often known as liquidation bankruptcy. While the idea seems to suggest that a person sells off vital assets, the law provides specified assets exemptions to protect property and allow people to move forward with confidence. Chapter 7 is a streamlined form of bankruptcy that allow those who qualify to obtain a fresh financial start with dignity.

Not necessarily. When a single debt, or an otherwise manageable budget is hampered by the threat of a creditor lawsuit, is out of hand, we may be able to help you negotiate a settlement to resolve the debt problem and avoid litigation and/or bankruptcy.

Almost certainly not. Many assets are exempt from liquidation, including most articles of clothing, appliances and cars up to a certain value. In fact, most people who file for bankruptcy keep all their possessions.

While you do have the option of filing bankruptcy on your own, we do not recommend this. The administrative process is so complex and meticulous that if you make an error, you may end up paying more money than you would have if you had just hired an attorney in the first place. Our lawyers are experienced in guiding people through the process, while helping to ensure the all the requirements are met to allow the bankruptcy process to run smoothly.