Louisville Chapter 13 Bankruptcy Lawyers

Kentucky and Southern Indiana Debt Consolidation Lawyers

A Chapter 13 bankruptcy is often referred to as a reorganization bankruptcy due to the fact that it takes your debts and reorganizes them into a repayment plan that will last three to five years. During that time period you will make payments to the bankruptcy trustee who will make payments to your creditors.

We can help you create an affordable repayment plan that takes your income into consideration. We can negotiate certain debts down to where you will only be paying a percentage of that debt. The goal of the repayment plan is for you to succeed with it over that three to five year period and to emerge debt free.

Richard A. Schwartz, Bankruptcy Attorney in Louisville, Kentucky, and New Albany, Indiana, we believe in using our decades of experience to help people who are looking for a fresh start.

How Can Chapter 13 Bankruptcy Help You?

We can help you get out from under debt and stop the various forms of creditor harassment while helping you keep your home and automobiles. Chapter 13, like Chapter 7 bankruptcy, has an automatic stay. The automatic stay puts an immediate stop to:

• Foreclosure action
• Car repossession
• Wage garnishment
• Harassing phone calls and letters

What Are Some of the Situations a Chapter 13 is Suited for?

A key part of a successful Chapter 13 bankruptcy is that the person seeking one has enough income to meet at least a portion of their financial obligations. This makes Chapter 13 bankruptcy a good tool for helping people who are:

• Facing foreclosure
• Threatened with automobile repossession
• Were unemployed and have returned to work
• Experiencing cash flow problems and need lower payments

If you would like to get started with the pre-filing bankruptcy counseling, go to:

www.hummingbird.org

Contact Us

For help getting out from under debt, in Kentucky call 502-638-2441, in Indiana call 812-399-0959, and toll free in either at 866-270-4495 or simply contact us online to set up your free initial consultation with one of our New Albany or Louisville Chapter 13 bankruptcy attorneys. Evening, weekend and in-home appointments are available for your convenience.

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Getting My Repoed Car Back By Filing Bankruptcy: Everyone knows that if you do not make your car or truck payments, the creditor will send someone out to repossess the vehicle. In most states, including Kentucky and Indiana, the creditor can exercise what is called "self-help." This means that the creditor need not file any type of legal proceeding with a court, but rather, can simply hire some thug to sneak over to your house in the middle of the night, hot wire your car and drive it off. So you could get up in the morning for work and find your car gone. They can even come to your place of employment and swipe your car. The worst part is they don't even have to let you know they're going to do it. More