Lexington Lawyer Filing Bankruptcy To Save Home Equity

One common myth regarding bankruptcy is that people who file lose all assets in the process. This is simply not true. In reality, bankruptcy proceedings are relatively painless, and provide immediate relief for individuals who are struggling to pay their debts. In some cases, people may pursue filing bankruptcy to save home equity.

At the Law Office of Ginger C. Cord, PSC., I work with individuals to save homes and assets in the midst of difficult financial stress, particularly individuals in retirement who are concerned about losing the investment accounts and homes they worked long and hard for. My priority is to give my clients options in debt relief by understanding their unique goals and financial situation.

Asset Protection For Individuals Throughout Kentucky

The regulations that govern bankruptcy can be very specific to an individual's financial situation, but on the whole, many of the assets that individuals are concerned about losing are considered exempt. This means they may not be taken into consideration when determining an individual's income and calculating how much should be paid to creditors.

Some assets that could be protected by filing bankruptcy are:

  • Home and real estate
  • Retirement accounts
  • Cars and trucks
  • Personal property, including furniture
  • Recreational equipment such as RVs, boats

Contact Lexington Chapter 13 Bankruptcy Attorney Ginger C. Cord Today

Bankruptcy does not have to be the last resort. As your lawyer, I will work directly with you to help you get the information and understanding you need to make an educated decision about how to handle your debts.

I can be reached directly, either online or by telephone at 859-963-2073, to help you start on the path to financial freedom.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.