A judgment is required before a creditor or collection agency may obtain a garnishment order. In order to stop garnished wages, you must understand how their limits work. A garnishment order, even a well-founded one, may not exceed a certain amount. Below, we explain more specific limits for Kentucky wage garnishments. You will also be required to turn in an annual budget and turn over your tax refund if your case repays less than 100% to creditors. At the end of the case, there is a one-page form in a Chapter 13 case to obtain the discharge.

 

You get the work you needed done and in the long run you may Louisville Bankruptcy Attorney pay less since more debt may be discharged or more property can be saved. One of the common pain points for Louisville residents is the threat of foreclosure. With the help of our experienced attorneys, filing for Chapter 13 bankruptcy can be a strategic move to halt foreclosure proceedings and create a manageable repayment plan. This option is particularly beneficial for those with a steady income who wish to keep their homes and other valuable assets.

 

How Many Car Payments Can You Miss Before Repossession?

 

As with any legal process, exemptions also apply during bankruptcy proceedings. These exemptions help protect the property needed to maintain employment and a home, including clothing, furniture, and a modest vehicle. Additionally, if the judge in your case orders your spouse to pay a shared debt, this court order does not affect your creditor. Because your creditors are not part of your divorce, they have the option to go after you or your spouse for payment.

 

How Much Does It Cost To File Bankruptcy In Ky?

 

The bankruptcy system allows the creditors to orderly and equally share if there are any assets. Chapter 13, on the other hand, could save your home altogether. This chapter allows you to set up a payment plan rather than liquidating your assets to pay back your creditors. However, you must take a bankruptcy means test to see if you qualify.

 

Income Requirements For Chapter 7 Bankruptcy

 

You will have all these qualities and more when you choose Christopher Kurtz Law Office. Attorney Christopher Kurtz personally handles every single case, from intake, throughout the preparation, to filing and making court appearances. No other attorney or staff member handles your case, your closing, or your litigation case. Unlike other firms which may pass you on to a staff member, Chris will be your personal contact for each call, each meeting, each issue you may have. We are conveniently located in the Highlands, at 608 Baxter Avenue, Louisville, Kentucky.

 

They can also keep more of their personal property and avoid foreclosure on their home. Working with an attorney will also help you immensely if you come across a question on any of the forms that you’re not sure how to answer. Our bankruptcy professionals have all the experience you need to make filing for bankruptcy go as smoothly as possible. You’ll likely need to fill out and submit at least 20 different forms throughout the process. For those who are experiencing a temporary gap in income, perhaps due to a job loss, a divorce, an injury or an illness, it can be difficult to continue to make ends meet. By the time income is restored, late fees, higher interest rates and overdue payments may have snowballed to make it impossible to catch up.

 

If something comes up while you are in your plan, please reach out to us as soon as possible so that we can go through the proper steps to make your plan successful. The structure of your filing can significantly impact the outcome of your case and the financial position you will be in after your discharge. Schedule an appointment with one of our attorneys today to go over your options and what is best for you. Technically, you must receive court approval before applying for new lines of credit while your bankruptcy process is ongoing. However, it’s important to remember that you might not qualify for certain types of credit for a while after you file.

 

Once you file and have a case number, creditors will no longer legally be able to pursue you. In chapter 13, you will pay back your creditors, including the one trying to garnish you, with plan payments. In a chapter 7 bankruptcy, as long as the debt is dischargeable, they can take no further action against you. When you’re going through a financial hardship, declaring bankruptcy may be an option to remedy your situation.

 

Our team agrees that our firm must place a high priority on your satisfaction. We achieve this goal by giving each client one-of-a-kind service unmatched by any other firm. Our love for what we do creates a unity and bond that can’t be broken.