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Louisville Lawyers Representing Wage Earners in Chapter 13 Bankruptcy

Kentucky counselors using the legal process to manage a heavy debt load

No one is immune to sudden financial downturns. When faced with a divorce, medical crisis, job loss or extensive home repair, even those earning a steady income can find themselves in a position where they cannot make ends meet without some assistance. The good news is that the law authorizes the help you need, and the Louisville attorneys of Levy Law Office can make sure that you obtain it. Chapter 13 bankruptcy is a process that allows you to end collector harassment, retain your property, and repay your debts in a gradual, sensible manner. After we evaluate your financial situation, we will use our knowledge and experience to prioritize your debts and submit a comprehensive payment plan for court approval.

Advising people and families on their eligibility for Chapter 13 bankruptcy relief

If you believe that Chapter 13 protection might be an option that suits your needs, the attorneys at Levy Law Office can advise you on factors that determine whether you qualify, including:

  • Suitable income — As this type of bankruptcy depends on your ability to make steady payments over a period of three to five years, we will demonstrate the source and amount of your income as part of the plan.
  • Eligible debt burden — While most people’s debts are well below the limits, there are rules as to how much secured and unsecured debt someone can have to file under Chapter 13.
  • Credit counseling — We will explain the government requirements on credit counseling that apply to Chapter 13 applicants.

As always, Levy Law Office provides compassionate, cost-effective representation that is focused on meeting your specific needs and answering whatever questions you may have about the bankruptcy process.

Detailed assistance for establishing a favorable repayment plan

With more than three decades of experience, Levy Law Office creates complete repayment plans for Kentucky and Indiana residents who seek Chapter 13 protection. Depending on your income and the amount you owe, a repayment plan will last for either three or five years. Debts that must be paid in full will be prioritized as well as secured obligations such as home mortgages and car loans. From there, we can allocate some of the remaining income to handle unsecured debts such as credit card bills. Wherever possible, we use our extensive background to negotiate favorable terms that protect your ability to maintain your lifestyle while paying off your debt.

Comprehensive legal support for clients living with a repayment schedule

During the repayment period, things can change — for better or worse. If financial adjustments impact the fairness of the repayment plan, Levy Law Office can petition the court for a suitable modification. We always advocate strongly for terms that serve the goals of our clients seeking relief through Chapter 13 bankruptcy.

Contact a skillful bankruptcy attorney serving Kentucky and southern Indiana residents

Levy Law Office represents Louisville-area clients in a complete range of bankruptcy and debt-relief matters. Please call 502-495-3027 or contact us online to schedule a meeting.

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