Chapter 7 Bankruptcy in Greater Cincinnati and Northern Kentucky

If you face overwhelming credit card debt or medical bills, or are experiencing severe financial problems because of divorce or the loss of your job, a Chapter 7 bankruptcy filing can help you get a fresh start. In a Chapter 7 proceeding, you are allowed to permanently discharge certain debts in exchange for the sale of non-exempt assets. In the majority of cases, our client’s assets are entirely exempt and are not subject to sale by the bankruptcy estate. Under the recent revisions to the bankruptcy law, however, not everyone can qualify for Chapter 7 protection. You want an experienced lawyer to guide you through the process, one who knows the law and has helped others in similar circumstances. At Lawrence & Associates, we understand the stress and difficulty that comes with financial problems and take the time to carefully explain your options. We will work closely with you to develop a strategy tailored to your unique situation.

Experienced Chapter 7 Bankruptcy Attorneys

When you hire us to help you with your financial challenges, our first step will be to determine whether you are eligible for protection under Chapter 7. The 2005 revisions to the bankruptcy laws require that, to qualify to discharge debts under Chapter 7, you must submit to a “means test,” demonstrating to the court that you lack the means to repay your creditors in a Chapter 13 proceeding. We will conduct a means test and, if you qualify, we will prepare and file all documents required to complete the Chapter 7 process. We will carefully explain which debts can be eliminated, as well as which assets you can protect, so that you get the benefit you deserve.

Immediate Relief

Once you file for protection, an automatic stay goes into effect, preventing your creditors from calling, writing or taking any other legal action to collect the debt. A Chapter 7 bankruptcy petition can also stop foreclosure proceedings, wage garnishments and repossession actions. With the help of a lawyer, in Kentucky, a Chapter 7 bankruptcy proceeding can generally be completed in 3 to 5 months.