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Levy Law Office

Video: What is Lien Stripping?

Length: 01:35
Upload Date: January 10th, 2018
When you purchase a home, you agree to give back the property if you fail to make payments. That creates a lien that secures the debt, enabling the lender to collect by foreclosing on the house and selling it. A Chapter 13 bankruptcy might help you eliminate liens and eventually discharge that debt. If lien stripping seems to make sense for your situation, a Louisville bankruptcy lawyer can explain the process in greater detail.
Levy Law Office

Video: What are the Differences Between Chapter 7 & Chapter 13 Bankruptcy?

Length: 01:38
Upload Date: January 10th, 2018
Chapter 7 and Chapter 13 offer different solutions. You may qualify for Chapter 7 bankruptcy if your income is below your state’s requirements. If you do not qualify for Chapter 7, Chapter 13 may be a better option. It consolidates your debt into one monthly payment, based on your disposable income. A Louisville bankruptcy lawyer can review your financial situation and help you decide whether a Chapter 7 or Chapter 13 bankruptcy makes the most sense for you.
Levy Law Office

Video: Will Bankruptcy Eliminate all my Debts?

Length: 01:34
Bankruptcy can discharge unsecured debt, but it almost never eliminates secured debts, tax debt, or other nondischargeable debts. Chapter 7 bankruptcy allows for a quick discharge of unsecured debt without any repayment plan, but if most of your debt is secured or nondischargeable, Chapter 13 may be a better option. It’s important to note that bankruptcy isn’t your only option. A Louisville bankruptcy attorney can also explain alternatives.
Levy Law Office

Video: What do I Need to Start the Bankruptcy Process?

Length: 01:25
Upload Date: January 17th, 2017
To begin the bankruptcy process, you must gather information about your income, debts, and assets. This includes financial statements, pay stubs, profit-and-loss statements, and tax returns. Once you’ve assembled your financial information, a Louisville bankruptcy attorney can review it and advise you of your options.
What is Chapter 13 bankruptcy?

Video: What is Chapter 13 bankruptcy?

Length: 01:30
Upload Date: January 17th, 2017
Chapter 13 bankruptcy can help you avoid liquidation by consolidating your various obligations into one monthly payment. However, not everyone is able to use Chapter 13. A Louisville bankruptcy attorney can help you understand whether this form makes the most sense for you.
Levi Law Office

Video: How Do I File for Bankruptcy?

Length: 01:29
All bankruptcy cases must be filed in federal bankruptcy court using official bankruptcy forms. The three most common types of bankruptcy — Chapter 7, Chapter 13 and Chapter 11 — require you to disclose your finances. All bankruptcy filings charge fees, although in rare cases, the court may waive certain fees. If you’re at all uncertain about how to file for bankruptcy, a Louisville bankruptcy attorney can offer valuable advice
Levi Law Office

Video: How does bankruptcy help?

Length: 01:16
If you have more debt than you can handle, filing for bankruptcy might help. A Chapter 7 discharge allows you to quickly get rid of many types of bills, while a Chapter 11 or 13 reorganization allows you to make lower payments through a payment plan. The type of bankruptcy you file depends upon how much money you make and the amount of property you own. If you are unsure whether bankruptcy is right for you, a Louisville bankruptcy attorney can help you weigh your debt relief options.
Levy Law Office

Video: How Long Does Bankruptcy Take?

Length: 01:27
Upload Date: December 27th, 2016
The length of your bankruptcy largely depends on whether you file Chapter 7 or Chapter 13. One process can last several months, while the other runs for up to five years. A Louisville bankruptcy attorney can help you understand the timeline for the completion of your bankruptcy discharge
Levy Law Office

Video: How Long Does it Take for a Person's Credit Score to Improve After Bankruptcy?

Length: 01:30
Upload Date: December 27th, 2016
Bankruptcy offers you a chance to wipe out debt and begin rebuilding your credit. Chapter 7 bankruptcy impacts your credit report for up to 10 years, while Chapter 13 can affect your score for only seven years. It’s difficult to predict how your credit score might react to a bankruptcy, because so much depends on the specifics of your financial situation. A local bankruptcy attorney can provide more detailed answers.
Levy Law Office

Video: What is Chapter 7 bankruptcy?

Length: 01:33
Upload Date: January 17th, 2017
Chapter 7 or liquidation bankruptcy is the simplest form of consumer bankruptcy. It allows eligible individuals and married couples to start fresh by discharging qualifying debt. A Louisville bankruptcy attorney can help you determine whether you qualify.

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