Kentucky Bankruptcy Court
The licensed Kentucky bankruptcy lawyers at W. Ron Adams Law understand that the decision you have made to file is difficult. It is a stressful and complicated maze, but our team can guide you through it. With over 50 years of experience serving Northern Kentucky, we have forged long-standing relationships with the judges and clerks within this arena. I want to put your mind at ease in knowing you made the correct choice by coming to us. We will achieve what is right for you.
Court Procedure
The Northern Kentucky Bankruptcy procedure begins with knowing what type should be filed (Chapter 7 or 13), if at all. This is determined by a Means Test, which looks at your income, assets, and debt over a sixth-month period. This Test which is the result of the Bankruptcy Abuse Prevention and Consumer Protection Act passed by Congress in 2005, will help you figure out if you can pay your bills.
When you and your attorney have come to the conclusion this step is necessary, credit counseling must take place within 180 days. The Kentucky bankruptcy lawyer you select is not only going to help you through this process, but file a petition on your behalf at the nearest bankruptcy court.
The petition contains a listing of the following information:
• Money owed to your creditors
• Origin of income, the amount, and frequency received
• All Real and Personal Property
• Any uncompleted contracts entered into and unexpired leases
• All monthly expenses (along with income), any expected increase/decrease after filing, and Kentucky Means Test Calculation
• Plans made for secured debt
• A certificate indicating credit counseling, payment from employer sixty-days prior to filing
• Current federal tax return
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Spouses can choose to file a petition individually or as a married couple. If you are filing individually, the financial information stated above is still required for your spouse.
When you file, not everything you own is taken by a creditor. There are items which are off-limits (exempt). These include: home, insurance, and pensions. Please check with your Kentucky bankruptcy lawyer to discuss this option further.
The bankruptcy court assigns a trustee after the petition is filed. Your attorney works together with the trustee to ensure you are receiving the best possible outcome. The trustee is an objective third- party who makes sure the requirements of the creditors are met, and the case is running properly. With the help of your attorney, you will answer questions from the trustee about your finances. These Q & A sessions will usually occur in the courthouse or the trustee’s office. As this journey unfolds, your attorney can answer any complex and/or uncomfortable question your creditors have, ultimately bringing the matter to a close.
Our Experience Is Your Guide To Success
Our team and I will be available to you every step of the way. You will receive personal attention, compassion, and respect throughout the length of your case. We offer upfront pricing with no hidden fees.
Any questions you have, not answered in the https://wronadamslaw.com/faq/ section, can be answered by reaching out to us via phone, text, fax, or email. Phone: (859) 727-1000 Text: (859) 209-6266 Fax: (859) 727-4406 Email : Info@WRonAdamsLaw.com
The websites to contact the court, judges and their locations are here:
https://www.kyeb.uscourts.gov/contact-us 859-233-2608
http://www.kentuckybankruptcy.info/court.html 866-222-8029 (Eastern Kentucky only)
LET OUR EXPERIENCE GUIDE YOU
Call to schedule your Free Bankruptcy Consultation!