Question 1

Will I lose my house or my car if I file?

Accepted Answer

In most cases, no. Kentucky's exemptions are designed to let people keep essential property. Most Chapter 7 filers keep their home, car, and personal belongings, and Chapter 13 is specifically built to help you catch up on a mortgage or car loan and keep them.

Question 2

How much does it cost to file bankruptcy?

Accepted Answer

You can begin your Chapter 7 with $0 down. We'll walk you through the court filing fee and our straightforward fee structure during your free consultation, so there are no surprises.

Question 3

Can bankruptcy stop creditor calls and harassment?

Accepted Answer

Yes. The moment your case is filed, an automatic stay goes into effect that legally stops most collection calls, lawsuits, wage garnishments, foreclosures, and repossessions while your case moves forward.

Question 4

What's the difference between Chapter 7 and Chapter 13?

Accepted Answer

Chapter 7 wipes out most unsecured debts in a few months. Chapter 13 reorganizes your debts into one affordable monthly payment over three to five years, ideal if you're behind on a mortgage or car and want to keep them.

Question 5

Which debts can be discharged?

Accepted Answer

Bankruptcy can eliminate most unsecured debts, credit cards, medical bills, and personal loans. Some debts, like most student loans, recent taxes, and child support, generally cannot be discharged.

Question 6

Will bankruptcy ruin my credit forever?

Accepted Answer

No. For many people already behind on payments, credit is already suffering. Bankruptcy gives you a clean slate to rebuild, many clients begin re-establishing healthy credit within a year of their discharge.

Bankruptcy questions, answered honestly