Is Bankruptcy The Answer To Your Debt Crisis?
In Franklin County as in other parts of Kentucky, private individuals, couples and business owners sometimes find themselves in financial dire straits for reasons such as the following:
- Job loss or demotion
- Business income decline
- Medical expenses
- Divorce, the death of a breadwinner or other changes in family structure
- Disasters such as tornadoes, severe storms, floods, fires and robberies
- Overextended credit
The reasons you struggle with debt are surely unique to you and your situation in life. The right solutions should also be tailored to suit your circumstances. A debt relief attorney at Robinson Salyers, PLLC, can provide the personalized guidance that you need to overcome financial challenges. Understanding that bankruptcy is a serious step to take, we do not urge residents of Franklin County to file bankruptcy without first considering reasonable alternatives.
When Debt Consolidation And Other Remedies Do Not Offer The Protection That Bankruptcy Does
As an experienced litigator and bankruptcy attorney, our firm’s founder, John Christopher Robinson, skillfully helps clients in communities and rural areas along Interstate 64, U.S. highways 50, 460 and 42, and elsewhere in Franklin County. With trustworthy guidance, our clients find their way to financial stability once again through various methods, including:
Chapter 7 bankruptcy: Many consumers have most or all of their debts discharged through this type of bankruptcy. You can stop creditors from harassing you and clear your slate of debts within several months if you qualify for Chapter 7 and complete all requirements.
Chapter 13 bankruptcy: If your income or home equity is substantial, Chapter 13 bankruptcy may be the best way to stop foreclosure through debt reorganization. Over three to five years, you can pay back secured debt, including mortgage arrearages and car payments, along with other debts, at a low interest rate. At the end of the repayment period, your remaining unsecured debt may be wiped out through discharge.
A bankruptcy alternative: Discuss other ways to resolve your debt crisis before deciding on bankruptcy. Direct negotiations with creditors may be an option.
Are You Ready To Find Your Way Forward?
If bankruptcy is the most suitable answer for you, we will help you follow the steps to a financial fresh start through bankruptcy or another means of debt relief. To schedule a free consultation, call 502-257-5417 or complete our simple online form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.