Learn About Bankruptcy
What is Bankruptcy?
Bankruptcy is a legal process in which debtors can file a petition to protect them from creditors for any outstanding debts that are owed. Filing for bankruptcy is a right that’s been given to you by the federal government so that you can restructure your multiple monthly payments into one affordable monthly payment (Chapter 13), or even get certain debts discharged altogether without having to repay them (Chapter 7). In order to determine which one you qualify for, you need the expert advice of a Louisville bankruptcy attorney.
The United States Bankruptcy Code provides for two different kinds of bankruptcy filings for individuals: Chapter 7 and Chapter 13
Chapter 7 Bankruptcy is a way to eliminate debt with generally no repayment to creditors. It allows an individual to completely get rid of most debt by receiving a discharge from the Bankruptcy Court. To learn more, click here.
Chapter 13 Bankruptcy is the most common form of bankruptcy. It can help stop a home foreclosure or garnishment, and help you get caught up on past-due mortgage payments so that you can keep your home. To learn more about the benefits of a Chapter 13, click here.
Still Have Questions?
If you are considering filing for bankruptcy or if you would like to learn more about how the bankruptcy process could benefit you, Tracy L. Hirsch of GSH Law is here to help.
She is an experienced and compassionate attorney, who is ready to help you through the bankruptcy process and guide you toward a stable financial future. She will work with you to determine which chapter of bankruptcy you qualify for, as well as which will provide the most immediate relief.
It is imperative to consult with an experienced Louisville bankruptcy attorney in every bankruptcy case, in order to ensure that you keep any and all assets that the law allows. GSH Law Firm is here to discuss your options to help you keep your home, car, and other valuable possessions by filing for bankruptcy.
Contact us today, and we’ll get you started on a path to a better financial future.