Bankruptcy Attorney

CHAPTER 7 & 13 BANKRUPTCY ATTORNEYS

Start your bankruptcy for $99. Peace Law offers free phone consultations, a secure online process, and flexible payments that work with any budget. Our attorneys can provide a number of options to deal with your specific financial situation based on the types of debt, income, property you own, and most importantly your goals. Peace Law is a debt relief agency under Section 101 of the Bankruptcy Code. Call Peace Law at (606) 521-5500 in Corbin, (606) 802-5500 in Somerset, (859) 684-5501 in Lexington, or reach out through our contact form to confidentially discuss bankruptcy or debt relief.

Peace Law represents bankruptcy clients throughout the entire Commonwealth of Kentucky.

CHAPTER 7 BANKRUPTCY ATTORNEYS

Overwhelming debt? Being harassed by creditors? Have your wages been garnished, or have you been sued over debt?
Schedule a free consultation today with Peace Law to see how bankruptcy can provide relief and get you back on the right financial track. Chapter 7 is available to individuals and small businesses. Peace Law can help stop the collection calls, and help discharge many unsecured debts, including:

Credit cards bills
Medical bills
Payday loans
Wage garnishments

Certain tax debts
Personal loans
Finance company loans
Repossession deficiencies

Chapter 7 bankruptcy can have some very powerful effects to break the cycle of debt. Once filed, creditors are forbidden from attempting to collect the debt or even calling you, and most garnishments and lawsuits are immediately stopped. Small business can also file chapter 7 bankruptcy if they no longer wish to operate and have liabilities that need to be addressed.

Chapter 7 bankruptcy also provides dollar value exempts to consumer debtors for certain types of property, including your home, vehicles, and personal property, allowing you to keep these items if the value is within the exemption amounts. These exemptions apply to the equity you have in the property, not the total property value. For example, if you own a home worth $120,000 with a $100,000 mortgage, you can exempt the $20,000 in equity and keep your home and mortgage. Here are just a few examples of the types of property for which the Bankruptcy Code provides exemptions:

Vehicles
Homes
Mobile homes
Land
Burial plots
Household goods

Clothing
Firearms
Jewelry
Tools of trade
Retirement accounts
Animals and crops

Don’t let crippling debt keep you from a high quality of life. Contact our office today.

CHAPTER 13 BANKRUPTCY LAWYERS

For those that do not qualify for Chapter 7 bankruptcy, or have a financial situation in which reorganization is more beneficial, Peace Law offers assistance with Chapter 13 bankruptcy. Chapter 13 provides a means by which more valuable, non-exempt property can be kept, with debts being reorganized based on monthly income. Chapter 13 may be the best solution for you in the following circumstances:

Behind on mortgage payments
Behind on car payments
Need to reduce monthly car or mobile home payments
In foreclosure proceedings

Have valuable, nonexempt property you wish to keep
Owe more than property is worth
You have cosigners you wish to protect
Received a Chapter 7 discharge within the last 8 years

In most cases, Chapter 13 greatly reduces your monthly payments to both secured and unsecured creditors, and any remaining balances owed to unsecured creditors upon the conclusion of the Chapter 13 are discharged completely. In Chapter 13 bankruptcy, you can “cramdown” some secured loans, meaning you can repay only what the collateral is worth, no what you owe for it. This literally saves some of our clients tens of thousands of dollars on upside-down car and mobile home loans.

Contact Peace Law to schedule a free consultation to confidentially discuss if Chapter 13 is the right solution for you.

DEBT RELIEF ATTORNEYS

In certain situations, bankruptcy may not be the best solution to deal with your debt. Peace Law can help determine if other forms of debt relief will provide a greater benefit. These include negotiation with creditors, and potential settlement or change of terms of existing debt. Peace Law can further assist with obtaining validation of the debt through the creditor or collections agency, and provide all defenses available under state and federal law.

In addition, Peace Law can help when debt collectors engage in collection practices that are in violation of the law, such as:

Harassment
Attempting to collect on false debt
False or misleading representations

The Fair Debt Collection Practices Act provides rules debt collectors must follow, and violations of these rules can result in monetary damages of up to $1,000 and attorneys’ fees.

Call Peace Law at (606) 521-5500 in Corbin or (606) 802-5500 in Somerset or reach out through our contact form to confidentially discuss bankruptcy or debt relief. The initial consultation is always free. Our friendly, client-focused attorneys will explore these options with you, and provide you with the information to make an informed choice for you and your family.

BANKRUPTCY CREDITOR REPRESENTATION

Peace Law also provides services for creditors in both Chapter 7 and Chapter 13 bankruptcy cases. These services may be performed on a one-time representation basis, or on-going support for larger creditors. From simple debt reaffirmation to more complex litigation, these services include, but are not limited to:

Representation at 341 meeting of creditors
Reaffirmation agreements
Protecting judgments during bankruptcy
Assertion of creditors’ position and defenses
Adversarial proceedings
Seek or facilitate surrender of property

If you are a creditor and need assistance with any of the complex aspects of the Bankruptcy Code, Peace Law can help. As with our other commercial services, Peace Law is available to serve clients through the Commonwealth of Kentucky.

Peace Law, PLLC proudly serves the Commonwealth of Kentucky, including, but not limited to, Corbin, Somerset, Lexington, Russell Springs, Richmond, Barbourville, London, Williamsburg, Paris, Middlesboro, Versailles, Livingston, Winchester, Nicholasville, Mt. Vernon, Pineville, Harlan, Georgetown, Manchester, Whitley City, Stanford, Whitley County, Knox County, Fayette County, Laurel County, Pulaski County, McCreary County, Russell County, Scott County, Jessamine County, Wayne County, Casey County, Lincoln County, Rockcastle County, Harlan County, Clark County, Bourbon County, Clay County, and Bell County. We serve clients throughout Kentucky.