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Kentucky Bankruptcy Attorney

If you are facing what seems like insurmountable financial difficulties due to your debt, you may need to consider filing for bankruptcy. At Couch and Fugate, our attorneys have extensive experience helping Kentucky residents through the Chapter 7 and Chapter 13 bankruptcy processes. We understand how overwhelming all of this can seem. However, our attorneys understand the state and federal laws surrounding bankruptcy claims, and we will help you get through this.

Why choose Couch and Fugate for your case?

  • The attorneys at Couch and Fugate have been helping clients throughout eastern Kentucky get through the bankruptcy process for decades.
  • We have the resources necessary to fully examine your assets and determine the proper path forward for your financial situation.
  • Our attorneys understand the financial difficulties our clients go through, which is why we offer our services at reasonable rates.

How will a bankruptcy attorney help your case?

A skilled bankruptcy attorney in Kentucky will have various roles to play throughout the filing process. First, you can expect an attorney to fully analyze your financial situation to help determine what type of bankruptcy is better suited to your situation. Additionally, a bankruptcy attorney in Kentucky can:

  • Gather a complete list of all of your debts and assets.
  • Prepare and file all paperwork for the bankruptcy process to begin.
  • Represent you at any hearings related to the bankruptcy process.

Understanding the different types of bankruptcy

If you are unsure about what type of bankruptcy filing would work best for your situation, please do not hesitate to reach out to our attorneys for a free consultation of your case. Briefly, we want to explain the differences between Chapter 7 and Chapter 13:

  • Chapter 7 bankruptcy. This type of bankruptcy is more suited to those who have no current income. Only those who passed the Chapter 7 means test, meaning they have a low enough income, will be eligible to file for this type of bankruptcy. This will be a liquidation of all assets except for exempt property. Chapter 7 bankruptcy typically takes three to four months for all debts to be discharged.
  • Chapter 13 bankruptcy. This type of bankruptcy is more suited to those who do have an income but are unable to pay their current debts. Chapter 13 bankruptcy is a reorganization of all current debts. In general, a person will end up paying only a fraction of their overall debt obligations, as new amounts are negotiated with all creditors. Repayment plans for Chapter 13 bankruptcies typically last for three to five years.

It is crucial for any person considering filing for bankruptcy to act quickly. An attorney can help assess your situation and determine whether or not bankruptcy is the correct route, as well as which type of bankruptcy is best suited for your situation.

Call a Kentucky bankruptcy attorney today

If you are considering filing for bankruptcy in Kentucky, turn to the team at Couch and Fugate for help today. Our attorneys have extensive experience helping clients get through both Chapter 7 and Chapter 13 bankruptcies. We understand how overwhelming all of this can seem to you right now, but we want you to know that there is light at the end of the tunnel. The bankruptcy process is in place to help people get back on their feet. When you need a Kentucky bankruptcy attorney, contact us for a free consultation of your case.