There are many reasons that individuals and families find they can no longer afford to pay monthly bills. Some may have recently gone through a divorce or been saddled with overwhelming medical bills. Others have been injured at work or in an accident and are unable to earn an income. Many are facing increased interest rates on mortgages or credit cards and cannot keep up. There are also people who simply let spending get out of control and cannot find a way out. We want to share a recent case we handled to give you an idea of what we can do for our clients. We will supply as many details as possible while still respecting our clients need for privacy.
Our client from Erlanger, Kentucky contacted us to file bankruptcy because of her student loans. Her student loans were in default and she was getting hounded day and night by the lender. She knew that student loans were not dischargeable in bankruptcy, and she didn’t know what to do.
What We Did
Lawrence & Associates analyzed our clients debt and realized that her student loans were the only non-dischargeable debt. We further realized that she could pay the student loans off within five years with reasonable monthly payments so long as her other, dischargeable debts did not continue eating into her monthly disposable income. We filed two bankruptcies for our client, the first was a Chapter 7 that discharged her medical bills, credit card debts, and payday loans. The second was a Chapter 13 filed after the Chapter 7. In the Chapter 13, the only debt was the student loan and we forced the student loan lender to accept a repayment schedule that lasted five years. While in the bankruptcy, our client could not be hassled by the student loan lender so long as she made her monthly payments.
Our client is currently paying off her student loans and is otherwise debt free! If you or someone you know is struggling financially, give us a call. We’re here to help. Lawrence & Associates Bankruptcy office is located in Fort Mitchell, KY.
In Northern Kentucky, if you choose to file for bankruptcy without including your spouse, your spouse’s social security number will not appear on the bankruptcy. As a result, there will be no effect on your spouse’s credit. Bear in mind that whichever spouse chooses not to file will not have any of their debts affected. Co-signed debts, such as a credit card in both spouse’s names, will still be the responsibility of the non-filing spouse to pay. Often times, it is in both parties best interest to file together if the couple has co-signed debts. Therefore, it is within your best interest to contact an experienced Northern Kentucky bankruptcy attorney who can advise you and your spouse of the best option.
When Only One Spouse Files for Bankruptcy
If only one spouse chooses to file, the credit of the non-filing spouse should remain unaffected. Each person has a separate credit file for credit reporting purposes. Your debts, if the debts are truly yours alone, are not supposed to show in your spouse’s credit report. Similarly, your bankruptcy should not show in your spouse’s file if you have no joint debts.
Applying for Loans Jointly
While the bankruptcy of one spouse should not affect the credit of the non-filing spouse, the bankruptcy of one spouse will have some effect on the credit worthiness of the non-filing spouse if they apply jointly in the future for a loan. The loan grantor will likely consider the credit rating of both applicants in making a lending decision.
Lawrence & Associates can help Kenton County residents, as well as other Northern Kentucky couples, file bankruptcy as a couple or file for one spouse alone.
If you or someone you know need(s) to file bankruptcy, contact Lawrence & Associates today!
Moving can be an adventure, especially when moving to another state. At Lawrence & Associates, a Kenton County Kentucky bankruptcy law firm, we have had many clients move to Kentucky only to find their financial fortunes have changed. Sometimes, clients move to Kentucky for a job that winds up being too good to be true. Other clients relocate from Cincinnati to Northern Kentucky in the middle of a major life event, such as divorce. Whatever the reason, moving to a new state can present financial challenges and sometimes those financial challenges lead to bankruptcy. If you are new Kentucky and are thinking of filing bankruptcy, you may be a little confused about where you should file. Is it better to file in Kentucky, or better to file in the state you just moved from?
Have You Lived in Kentucky for More Than Six Months?
You must live in Kentucky for at least six months to be eligible to file bankruptcy here. If you’ve lived here less than six months, don’t worry – preparing to file a bankruptcy often takes a month or two all by itself, and the dates are all measured from when you actually file (not from when you first think about filing). There is an exception to this rule, but it only applies if you haven’t lived in any state for six months or more over the course of the last nine months. If you’ve lived in Kentucky for six months, you have to file bankruptcy in Kentucky!
If You Haven’t Lived in a New State for 6 Months, Where Do You Have a Better Chance of Filing the Kind of Bankruptcy You Want?
Although bankruptcy laws are federal, different parts of the country have slightly different rules relating to (for example) the way you can protect your assets from the trustee or the amount you have to pay monthly in a Chapter 13 bankruptcy. Even relatively short distances – such as moving from Cincinnati to Northern Kentucky or vice versa – can have big consequences! If you are in a grey area where the difference of a month or two will change where you file your bankruptcy, you should ABSOLUTELY talk to a reputable bankruptcy attorney right away. Timing is important and you don’t want to wait the extra couple of months only to find out that you are in danger of losing your car or home because you waited too long to file.
At Lawrence & Associates, we help people file bankruptcy every day. Further, we have the skill and expertise to help you decide which state’s bankruptcy rules would be better for you.
If you or someone you know need(s) to file bankruptcy and has recently moved in or out of Kentucky, contact Lawrence & Associates today!
A man was injured when a piece of construction equipment collided with his vehicle and crushed him.
A man was working on a motor vehicle when a truck struck the vehicle. The man was pinned between the two vehicles, and his hips and legs were broken.
A man was changing a tire on an Ohio road when he was negligently struck by another vehicle, resulting in life threatening injuries.
A woman was killed while driving due to spillage left on the road.
A man developed a rare nerve condition due to his employment, which made it impossible for him to use one arm.
A man was a passenger in a rental car when it spun out of control and killed him.
A barge worker (Jones Act Seaman) was climbing down a ladder from an empty to a loaded barge when the improperly secured ladder collapsed. The worker’s head injury which caused...
“Mr. Tripp did a great Job on my case. Made me feel at ease and made everything easy. I would definitely recommend Peter Tripp.”
“Overall...she knows what's she is doing attentive on time and she will fight for you without judging or being pushy.”
“Mrs. Rodriguez was great, this was my first time ever seeking legal assistance with anything and she was very helpful for the whole process, she explained everything that was needed...”
“Danielle handled my case with care and compassion she knew that I was in over my head. She talked to me and made me feel at ease. She is a...”
“She is awesome, if I have a question she is on it. She takes the time to explain everything to me until I completely understand. She's very nice, polite, and...”
Bessie - Warsaw, KY
“Very clearly defined what was going to happen and then took control of the situation and got things done. Had been fighting things for over a year before her”
Michael - Crittenden, KY
“Lawrence & Associates handled my case professionally with detailed explanations of the process. Every question I had was answered to my satisfaction. Their knowledgeable staff guided me through a difficult...”
Glen - Union, KY
“I worked with Marisa after a coworker recommended her. I have worked with with a few attorneys due to some on-going issues with an ex-spouse. Marisa was much better to...”
Charles - Cincinnati, Ohio
“She (Marisa Dyson) went above and beyond for my family after we got scammed out of $1,000 even though it was a small claim she treated our case like it...”
Janyce - Blue Ash, Ohio
“My family retained Marisa to represent our father in an Ohio Worker's Compensation fraud case. Every other attorney laughed at him and said it was hopeless. Marisa put her heart...”
Danielle - Lebannon, Ohio
“I previously submitted a rating for Ms. Rodriguez a few months ago. She represented me and my family very well in a personal injury matter arising from a car accident....”
Heather - Highland Heights, Kentucky
“Having Danielle go to bat for me was a decision I'll never regret. She's a thorough sharp shooter who does what she says she's going to do. Danielle has excellent...”
Julie - Florence, Kentucky
“I recommend Pete as an attorney to anyone who's been injured because he took care of me personally when it came to helping me with getting my medical benefits through...”
Chris - Cold Spring, Kentucky
“Danielle Rodriguez worked very hard to help me with my insurance company after I was hit by a non-insured, non-licensed driver who hit my car. She explained that is why...”
Denise - Fort Mitchell, Kentucky
“Mr Tripp was very helpful with all the questions I had about my workers compensation claim. He seemed very knowledgeable and really explained things in a way that I could...”
Becky - West Chester, Ohio
“I highly recommend Justin Lawrence and his office. I have sought guidance from Justin in personal injury cases multiple times over the years and have referred countless individuals to him...”
Aaron H - Union, Kentucky
“Without hesitation, I would recommend Ms. Rodriguez to anyone seeking high-quality legal representation. You can trust her to work hard on your behalf. She was knowledgeable, thorough, responsive, and kept...”
Heather - Newport, Kentucky
“I just used Mr.Tripp to settle a workman's comp claim and he was phenomenal. He was very professional. He told me up front what to expect an what he expected...”
Ernest - Covington, Kentucky
“My experience with my attorney, P. Tripp, was excellent. My case was settled with an outcome beyond my expectations. He was very informative with future happenings and knew what to...”
J. Good - Newport, Kentucky
“The professionalism along with genuine care for a client could not be beat. I walked in with my problem and walked out with no worry. I highly recommend this group...”
Becky R - Covington, Kentucky
“I was fortunate to have Peter Tripp as my attorney. If I ever need a lawyer again, (I hope I never do) I will call him. Mr. Tripp was very...”
Larry S. - Highland Heights, Kentucky
“Mr.Tripp was very honest, up front and a genuine guy. He did not promise me anything but he said he would work hard to get every penny that I deserved...”
John - Walton, Kentucky
“I was referred to Peter Tripp by my personal attorney and he successfully and fairly settled my worker's compensation claim. My former employer became much more cooperative once Pete began...”
Danny - Fort Thomas, Kentucky
“Justin recently assisted me with a Chapter 13 bankruptcy filing. Needless to say this is a very traumatic experience for one to go through. Justin's advice, knowledge, responsiveness, and compassion...”
Ralph - Cincinnati, Ohio
“I thought Justin was very professional and took care of my case as quickly as possible. He was knowledgeable on the procedures and what information he didn't know he researched...”
Jennifer - West Chester, Ohio
“Justin has been excellent throughout my case. He was very reassuring from the beginning. Justin has worked hard at my difficult case and has made every effort to keep me...”
Rebecca - Blue Ash, Ohio
“I have a work injury and was having trouble getting my injury taken care of through Workers Compensation. Lawrence & Associates worked on my case from day one and I...”
Jackie S - Dry Ridge, Kentucky
“I was struggling with debt and had to file bankruptcy. I looked at several lawyers and felt Justin Lawrence was the most trustworthy and inspired confidence. His rate was reasonable...”
Jose - Florence, Kentucky
“After my car accident I spent weeks trying to deal with insurance companies with no satisfaction. I contacted Justin Lawrence and his firm. Justin explained step by step how the...”
Rodeny N - California, Kentucky
“Justin Lawrence and his staff were very down to earth and personable. They made my wife and I very comfortable and turned a very uneasy situation into not such a...”
Chad P - Florence, Kentucky
“Our home of 25 years was in foreclosure and we were devastated. We didn’t know what to do. Someone told us about Justin Lawrence. He began to work on getting...”
Janice F - Warsaw, Kentucky
“Not only did Justin Lawrence do a great job on handling my case, he is a great guy as well. A very good lawyer!”
Timothy M - Warsaw, Kentucky
“I contacted Justin Lawrence and his firm when my uncle needed help getting social security. Mr. Lawrence and his staff were professional and kind, always asking how my uncle was...”
Emily B - Warsaw, Kentucky
“Great Attorney and staff – fabulous to work with!”
Shannon S - Seymour, Indiana
“The service provided by Mr. Lawrence and his firm was rendered professionally, timely, and with complete concern towards my situation. I would use their services again.”
Patricia P - Falmouth, Kentucky
“I am happy with Justin Lawrence’s hard work on my case. I send out a big thank-you to his staff also.”
Jacklyn E - Verona, Kentucky
“Justin L. Lawrence and his firm assisted me with some probate court issues and he had all the legal documents in order for my court date. He represented me in...”
Julie B - Ft. Thomas, Kentucky
“Justin Lawrence is a very good attorney and his staff is very nice. Justin is very knowledgeable about the law”
Rhonda M. - Warsaw, Kentucky
“I recently contacted Justin Lawrence for legal assistance, and his firm not only presented itself in the utmost professional manner, but the understanding of their clients well surpassed expectations. I...”
David S - Burlington, Kentucky
“I find Justin Lawrence to be a most competent attorney. Everyone at Lawrence & Associates is very accessible and I would highly recommend Justin and his team.”
Sonny R - Glencoe, Kentucky
“I went to Lawrence & Associates with a problem and within 1 week Justin Lawrence had some money coming to me that was rightfully mine. And soon after that he...”
Tracy B - Sparta, Kentucky
“My experience at L&A was delightful, I couldn't have had a better experience...The attorneys go out of their way to train people to deal with clients who are going through...”
“After being left in the cold by a reputable local firm, Kelsey Westermeyer stepped up and saved my case. I came away with a fully favorable decision and a new...”