Helping You Make the Best Decision
In some cases, filing for bankruptcy may not be the best course of action to obtain the debt relief you need. There are alternatives that can be explored before a final decision is made. Filing for bankruptcy can have significant long-term impacts on your future and it is important to look at the whole picture to determine the right solution for you.
At the Louisville, Kentucky, Law Office of Robert J. Morrison, I will be candid with you about the short and long term benefits and drawbacks of each option so that you can make an educated decision about how to proceed.
Alternatives to Filing for Bankruptcy
Depending on your circumstances, there may be ways to get relief from your debts without filing for bankruptcy. If your house payment is one of the only barriers to getting back on track, mortgage workout plans can help to put better terms in place, thereby providing the relief you need. Consolidation loans, debt negotiation and other options can also help to obtain better rates and payment plans.
People who are regarded as judgment proof, that is, people who are insolvent or who don't have enough property to repay creditors, may have no need whatsoever for a bankruptcy solution.
Eligibility for Filing for Bankruptcy
Eligibility for Chapter 7 bankruptcy has gotten stricter since the new 2005 law went into place. A person can only file for bankruptcy once every eight years and every person seeking bankruptcy protection must be a legal U. S. resident.
Eligibility for Chapter 13 bankruptcy is considerably less strict but more complicated. It should be discussed with your attorney.
Call for a Free Initial Consultation
Contact me to discuss your questions. You will speak with a lawyer, not a paralegal. I have been an attorney for more than 30 years and I can help you find the right debt relief solution. I am available during regular business hours and by appointment at other times. You can reach me by phone at 502-587-0304 or via e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
