Helping Individuals and Families Obtain Debt Relief in Tough Economic Times

• Are you tired of the harassing phone calls and threatening letters from collection agencies?
• Are your credit cards maxed out and you can't make the minimum monthly payments?
• Is your home worth less than you owe on your mortgage and you are unable to work out a deal with your lender?
• Are you dealing with wage garnishment because of unpaid judgments against you?

If you are having financial trouble, you are not alone. As companies continue to lay off more employees and the housing market continues to spiral downward, more and more people in Kentucky, Indiana, and across the country are having trouble making ends meet.

Chapter 7 bankruptcy may offer a way to wipe the slate clean and start over as far as your debts are concerned. When you file for personal bankruptcy, an automatic stay by the Bankruptcy Court will put an immediate stop to all debt collection, including mortgage foreclosure proceedings.

Call (502) 425-8717 or contact us to schedule a confidential consultation at our Louisville law office. Our lawyers are ready to answer your questions about filing for bankruptcy, mortgage foreclosure and debt relief.

Helping You Make Tough Decisions About Your Financial Future

At the family-based law practice of The English Law Group, P.S.C., we can help you make tough decisions about your financial future. If you are behind on your mortgage payments, we can explain how you may be able prevent foreclosure. After carefully examining your assets, your income and your debts, we will help you determine if bankruptcy is the best option for you.

Our father and daughter legal team have a wealth of knowledge about the federal bankruptcy laws and the Kentucky real estate and foreclosure laws. They will explain the entire Chapter 7 bankruptcy process and take the time to answer all of your questions about Chapter 7 bankruptcy, including:

Will I Have to Give Up All My Property?

Under Chapter 7 bankruptcy, sometimes called liquidation bankruptcy, the debtor is allowed to walk away from all qualifying debt. Depending on your circumstances, you may have to surrender or give up some of your assets. However, you will not have to give up everything. Statutory exemptions protect many kinds of property from repossession in Bankruptcy proceedings.

Will I Be Able to Keep My Home?

If house payments are current, the home may not be affected by a Chapter 7 bankruptcy. If mortgage payments are behind schedule, or if the property value is worth less than the mortgage, Chapter 7 bankruptcy may offer relief from a real estate investment that has simply become too great of a financial burden. You may negotiate with the lender to restructure the terms of your mortgage and keep your home.

Do I Qualify for Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is only available to individuals or families who meet a specific debt-to-income ratio. We will explain and guide you through the means test, which is used to determine whether you qualify for debt relief under Chapter 7 of the Bankruptcy Act.

It is very important to know that people who do not qualify for Chapter 7 may still be able to file for Chapter 13 bankruptcy, sometimes called the wage earner bankruptcy plan.

Contact our law firm to learn more about Chapter 7 Bankruptcy. We are here to guide you through these difficult times.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.