Benefits of Bankruptcy
Here’s How Bankruptcy Can Protect You.
Filing for Chapter 7 or Chapter 13 bankruptcy immediately invokes a protection called the “Automatic Stay.” This is a rule in the Federal Bankruptcy Code that immediately protects you from actions for collection from your creditors. After filing for bankruptcy in KY, creditors cannot call you, sue you, garnish your wages, initiate foreclosure proceedings, or repossess your vehicle.
These protections remain intact throughout the duration of your bankruptcy unless either the creditor files a motion to be excused from this rule, or you choose (by agreement) to allow them to be excused. If your home is about to be sold, your car is in danger of repossession, or you have garnishment papers from your employer, then time is of the essence. You need to get protection TODAY!
Once we file your bankruptcy case, we immediately work to ensure that your creditors are aware of your filing. We call them, we mail them the paperwork, and we go above and beyond to make sure that your assets are protected and your wages will not be garnished. If you are already being garnished, we work quickly to restore your “take home” pay to the amount you deserve. In some cases, we are able to get a repossessed vehicle returned as well.
Everyone’s case is different, so the first step is meeting with a local attorney to get reliable advice in regards to filing for bankruptcy in KY. In order to find out how to protect yourself immediately, call Tracy Hirsch today at (502) 435-2593 for a free consultation.