Kentucky Chapter 13 Bankruptcy Attorney
At Couch and Fugate, we understand that sometimes, your economic situation gets out of your control and can lead you to consider filing for bankruptcy. Our attorneys understand that financial instability can be overwhelming, and filing for bankruptcy can seem far too complex. However, our Kentucky Chapter 13 bankruptcy attorneys are ready to step in and help you through this.
Why turn to Couch and Fugate for help with this case?
- The attorneys at Couch and Fugate have been helping clients throughout Kentucky handle their bankruptcy claims for decades.
- We have a thorough understanding of how Chapter 13 bankruptcy laws apply, and we have the resources necessary to thoroughly examine your financial situation.
- We offer our services at reasonable rates to Kentucky residents because we believe that our clients deserve adequate legal representation when going through the bankruptcy process.
Why do you need a bankruptcy attorney for this case?
A Chapter 13 bankruptcy attorney in Kentucky is going to be a necessity in these situations. First, an attorney can obtain and analyze all of your current assets and debts to help determine whether or not Chapter 13 bankruptcy is appropriate in your situation or whether there are any alternatives.
An attorney will be responsible for filing all of the paperwork necessary to get the bankruptcy process started. An attorney will then help choose the most appropriate repayment plan while working out which types of debt are considered priority, which are secured, and which are unsecured. Finally, an attorney will make sure that you completely understand your responsibilities as part of a Chapter 13 bankruptcy agreement.
Understanding Chapter 13 bankruptcy
Financial difficulties are not uncommon, though individuals and families often think that there is no way out. This can be overwhelming, but you need to know that filing for Chapter 13 bankruptcy could be an option. This type of bankruptcy is more suited to those who do have some type of income but are struggling under the weight of their debt obligations.
Chapter 13 bankruptcy allows the debtor to outline a payment plan based on a negotiated settlement with all creditors. In general, the amount agreed upon to be paid back to creditors ends up only being a fraction of the original debt. Repayment plans usually last anywhere from three to five years, allowing a person to gradually get their finances under control.
Chapter 13 bankruptcy is often a good option for those who owe debts that are not dischargeable under Chapter 7 bankruptcy. This type of debt can include any back taxes, child support, student loans, etc. Chapter 13 is also a good route for those to take who have liens placed against them that are larger than the value of their current assets, as well as for those who may be behind on their house or vehicle payments. In fact, Chapter 13 bankruptcy can stop a foreclosure that is in process.
Call a Kentucky Chapter 13 bankruptcy attorney today
If you are facing significant financial difficulties, you may need to consider filing for bankruptcy. At Couch and Fugate, our attorneys can work with you to help determine whether or not bankruptcy is the best route, as well as whether Chapter 7 or Chapter 13 bankruptcy is the better option. We have extensive experience handling these claims throughout Kentucky, and we understand the laws in place that govern each type. When you need a Kentucky Chapter 13 bankruptcy attorney, you can contact us for a free consultation of your case by calling (606) 672-7300.