Bankruptcy (Chapter 7)

Louisville, Kentucky Chapter 7 Bankruptcy Lawyer

Because of the recent changes in bankruptcy law, many individuals in need of that relief may be hesitant to pursue a Chapter 7 bankruptcy filing. Chapter 7 bankruptcy is still an option, however, for a majority of the clients we see at the Davis Law Office in Louisville, Kentucky.

The changes to the bankruptcy laws in October 2005 were focused on taking a means test and attending mandatory credit counseling classes. We have found that among our clients, approximately 85% of you will still qualify for a Chapter 7 bankruptcy. Even if you fail to qualify, Chapter 13 bankruptcy may still be an option.

At the Davis Law Office, we assist clients in liquidating their debts under a Chapter 7 bankruptcy. The first step is to list all assets and debts that are to be liquidated. Certain debts, including student loans or lawsuits, cannot be discharged. Credit card balances, medical bills, and other debts can often be liquidated, allowing you a fresh start.

Another common misconception we hear from our clients is that they will not be able to keep their assets. Nearly all the clients who come to us for Chapter 7 bankruptcy relief are able to keep the possessions they want to keep, including their house and car.

Prior to being formally released from your debt obligations, you have to complete classes on credit counseling and financial management. These classes are not only beneficial in securing a Chapter 7 bankruptcy, but they also serve as a proactive and educational tool to help you in not allowing your financial situation to overwhelm you again.

Contact Us 

To schedule a free consultation regarding a Chapter 7 bankruptcy filing with an experienced attorney, please contact us.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.