Yes, they will!  By law, all actions against a debtor must cease once the bankruptcy documents are filed.

Creditors cannot initiate or continue any lawsuits, wage garnishees, or even telephone calls demanding payments.

Secured creditors such as banks holding a lien on a car, will get the stay lifted if you cannot make payments.

If you need guidance on significant debt obligations and live in the Northern Kentucky area, give my office a call at 859.824.3361. to set up your free, no obligation and confidential consultation.

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There has been much doom and gloom written about the bankruptcy means test under the new laws and how much more difficult it’s going to be to file Chapter 7.

It’s true that there are more hoops to jump through under the new laws, and it’s true that the bankruptcy test will result in some people having to file chapter 13 instead of Chapter 7.

However, for the vast majority of filers, Chapter 7 is still available with very little extra effort!

If you are considering Bankruptcy and have questions about whether Chapter 7 or Chapter 13 Bankruptcy is the way to go, give my office a call at  859.824.3361 for a free phone consultation.

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When Will I Be Discharged From Bankruptcy?

April 26, 2010

One of the major purposes of bankruptcy legislation is to afford the opportunity to a person hopelessly burdened with debt to erase his or her debt and thereby get a fresh financial start.  A bankrupt’s debt is erased when he or she is discharged.
The debtor is discharged 3 – 5 months after bankruptcy is filed.  [...]

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How Can I Reduce The Payment Owed On My Home?

April 19, 2010

With the economy in ruins and home prices and values continuing to decline, it is seomtimes possible to “cram down” the debt owed against your home and wither strip off a second mortgage or reduce the payment on a first mortgage within a Chapter 13 bankruptcy.  In a Chapter 13 bankruptcy a debtor is only [...]

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Can I File Bankruptcy If I Make Over $100,000 Per Year?

April 8, 2010

A person can absoultely file bankruptcy if they make over $100,000 per year.   In most cases, depending on the size of your family, most likely you will need to file a Chapter 13 bankruptcy and pay back a portion of your debt over a three to five year period.  The amount that needs to be [...]

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How Many Years Must I Wait Before I Can Re-file Bankruptcy?

April 2, 2010

In most cases an individual must wait 8 years to file a new Chapter 7 case and 4 years to file a Chapter 13 bankruptcy case.  However, a debtor can file a new Chapter 13 bankruptcy case after two years if the prior bankruptcy was also a Chapter 13 bankruptcy.  The time periods in either [...]

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After Filing Bankruptcy: What Happens Next?

March 31, 2010

If you’re thinking about filing bankruptcy, you’re probably wondering how it can affect credit.
It’s true that bankruptcy stays on a credit report for up to 10 years (may be less depending on which type of bankruptcy is filed), but once the slate is essentially “wiped clean” after a successful bankruptcy filing, people can instantly start [...]

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Can I file against payday loans and cash checking companies

March 31, 2010

Absolutely.  These predatory lenders are usually slow deaths for folks who get involved with them.  These debts are completely dischargeable and there Is no risk of criminal prosecution or jail like these lenders would suggest.
If you have questions about significant debts or Bankruptcy, and reside in Northern Kentucky, please call my office at 859-824-3361 for [...]

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Can I File On Medical Bills

March 30, 2010

The rising cost of healthcare and the increase in employers not offering health insurance due to increased premiums have led to an explosion in medical bill related bankruptcies.
All medical bills including those in collections and court, can be discharged in a bankruptcy.
If you live in Northern Kentucky and need help with large medical bills, please [...]

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Can I Save My House From Foreclosure?

March 24, 2010

Yes, you can avoid foreclosure on your home in Northern Kentucky.
A Chapter 13 bankruptcy is the perfect weapon to fight off a pending foreclosure.  We have filed these types of bankruptcies all the way up to the eve of the courthouse steps sale.
In most case, the past due amounts on the loan can be spread [...]

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