Seasoned Bowling Green Bankruptcy Attorney Uncovers Your Best Options for Financial Freedom
Bankruptcy is not a choice that anyone takes lightly. There are many benefits, however, to filing for bankruptcy when you find yourself in a tough financial situation. When bankruptcy alternatives are not enough, filing for bankruptcy can lift your financial burdens. At Lanna Martin Kilgore, PLLC, we help people just like you determine which option is right for you and we help get you back on the road to financial freedom.
Becoming debt-free through bankruptcy
Bankruptcy helps consumers who are overwhelmed by debt, harassed by creditor phone calls, and unable to see the light at the end of the tunnel. Bankruptcy can be the fresh start you’ve been looking for. Under federal law, a consumer can file for bankruptcy under Chapter 7 or Chapter 13.
- Chapter 7 — Filing for Chapter 7 bankruptcy allows you to keep most of your assets through available federal and state exemptions. Typically, to qualify, your income must be less than the median income in Kentucky, unless a means test is met. Note that not every consumer is eligible for filing under this chapter.
- Chapter 13 — Chapter 13 bankruptcy reorganizes your debts into an affordable monthly plan. The repayment plan can last from three to five years, depending on your individual situation. Chapter 13 is a viable alternative for consumers who do not qualify for Chapter 7.
Contact an experienced bankruptcy attorney at the law offices of Lanna Martin Kilgore, PLLC to see if you qualify for bankruptcy today. If you have fallen on hard financial times, our team is ready to help. We understand your fears and provide compassionate legal guidance to help you find your way back to financial stability.
Contact an experienced Bowling Green bankruptcy attorney to discuss your financial situation
Trust an attorney with significant bankruptcy experience in bankruptcy and bankruptcy alternatives. Contact the law offices of Lanna Martin Kilgore, PLLC at 270.846.3700 or online and schedule a confidential consultation today.