Top Louisville, KY Chapter 11 Bankruptcy Lawyers Near You
909 Main Street, Shelbyville, KY 40065
462 South Fourth Street, Suite 2200, Louisville, KY 40202
400 West Market Street, Suite 3200, Louisville, KY 40202
400 W Market St, Suite 2700, Louisville, KY 40202
100 Mallard Creek Road, Suite 250, Louisville, KY 40207
2125 Old Shepherdsville Rd, Louisville, KY 40218
9300 Shelbyville Road, Suite 400, Louisville, KY 40222
700 N. Hurstbourne Parkway, Suite 115, Louisville, KY 40222
319 S Buckman St, PO Box 35, Shepherdsville, KY 40165
401 South Fourth Street, Suite 908, Louisville, KY 40202
1717 Alliant Ave, Suite 17, Louisville, KY 40299-6302
312 S 4th St, Ste 700, Louisville, KY 40202
1752 Frankfort Ave, Louisville, KY 40206
3339 Taylorsville Road, Louisville, KY 40205-3305
125 S 6th St 3rd Fl, Louisville, KY 40202
700 N Hurstbourne Pkwy, Suite 200, Louisville, KY 40222
401 South Fourth Street, Suite 1200, Louisville, KY 40202
401 West Main Street, Suite 1200, One Riverfront Plaza, Louisville, KY 40202
710 West Main Street, 4th Floor, Louisville, KY 40202
321 W. Main Street, Suite 2100, Louisville, KY 40202
101 South 5th Street, 27th Floor, Louisville, KY 40202
471 West Main St, Suite 400, Louisville, KY 40202
401 West Main Street, Suite 1400, Louisville, KY 40202
400 W Market St, Suite 2000, Louisville, KY 40202-2898
3939 Shelbyville Rd, Suite 201, Louisville, KY 40207
Louisville Chapter 11 Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.