Filing Chapter 7 Bankruptcy
Some people find themselves in a financially difficult position and do not know where to turn or who to trust to help them. Others find themselves behind on bills for months before deciding to call a bankruptcy lawyer. Chapter 7 bankruptcy offers individuals a legal way to get out from a mound of debt and get the fresh start they have been looking for. Chapter 7 bankruptcy may be a viable option for you.
I am Arlene Gray, Attorney at Law, and I have been representing clients throughout Bardstown, Kentucky, and surrounding communities, in Chapter 7 bankruptcy matters for over 15 years.
Contact me online or call 270-505-4243 to schedule your free initial consultation.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy allows people to erase qualifying debt by selling or liquidating their valuable assets. Some debt can be discharged, but other debts are non-dischargeable and require a payment plan. These debts include:
- Taxes
- Domestic support obligations
- Student loans
- Restitution from a criminal conviction
- Judgment from a personal injury lawsuit
Many clients are worried about whether they will lose their house or car. There is not black and white answer to this. If you drive a Hummer or a Lamborghini, those items will probably be sold to pay your creditors. Other extravagant personal items, such as airplanes, fine jewelry or antiques, will also be sold to get rid of debt. If you are unsure, I can sit down with you and address your questions about your property.
Offering Free Consultations, Making Sure you are Informed
When I meet with clients, I work closely with them to help them determine which assets they can sell and which debts they can discharge. Our initial consultation is free, and I make sure there is plenty of time to answer your questions and address any concerns you have. I give my clients the information they need to make informed decisions at every step of the process. Contact me online or call 270-505-4243 to learn about the debt relief available.
We are a federally designated debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.