Chapter 7 Bankruptcy Attorney

Lexington | Somerset | Corbin | Throughout Kentucky

Is Chapter 7 Bankruptcy Right For You?

Filing for Chapter 7 bankruptcy may be an option to consider if you have debt you cannot manage. However, your income must be below a certain amount to qualify. For most people, Chapter 7 bankruptcy is a last resort, but it is also an option that can lead to a positive solution to a negative situation.

If you have overwhelming debt, are being harassed by creditors, wages are being garnished, or have been sued over a debt, you still have options.

Chapter 7 bankruptcy can have some very powerful effects on breaking the cycle. Once filed, creditors are forbidden from attempting to collect the debt or even call you. Most garnishments and lawsuits are immediately stopped. Small businesses can also file for Chapter 7 bankruptcy if they no longer wish to operate and have liabilities that must be addressed.

Chapter 7 bankruptcy also provides dollar value exemptions to consumer debtors for certain property types, including your home, vehicles, and personal property. This will allow 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.

bankruptcy form with wooden gavel on brown wooden table

Peace Law can help stop the collection calls, and discharge many unsecured debts, including:

  • Credit Card Bills

  • Medical Bills

  • Payday Loans

  • Wage Garnishments

  • Certain Tax Debts

  • Personal Loans

  • Finance Company Loans

  • Repossesion Deficiencies


At Peace Law, you can file Chapter 7 bankruptcy for $0.0 legal fees down. Must be eligible for Chapter 7 bankruptcy, meet minimum income requirements, live in the Eastern District of Kentucky, and have a bank account or debit card, along with other factors to qualify.

Peace Law offers free consultations (in-person or by phone), a secure online process, and flexible payments that work with any budget.

Our attorneys can provide several options to deal with your specific financial situation based on the types of debt, your income, the property you own, and, most importantly, your goals.

Peace Law is a debt relief agency under Section 101 of the Bankruptcy Code.

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

  • Tools of Trade

  • Retirement Accounts

  • Animals and Crops

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.