You May Qualify For Chapter 7 Bankruptcy

Debt can quickly spiral out of control for anyone. For example, a person may be suddenly injured and have large medical bills to pay, may have lost a job and ended up putting bills on credit cards, or may be victim of predatory lending struggling with interest rates that spiked suddenly.

At the Law Office of Ginger C. Cord, PSC., in Lexington, I help individuals who do not have the means to pay their bills have unsecured debts discharged through Chapter 7 bankruptcy. Do not let the term "bankruptcy" deter you from getting the help you need. I am here to find debt relief options that work for you and your family, and in many cases, bankruptcy is the best option available.

How Does Chapter 7 Bankruptcy Work?

To qualify for relief under Chapter 7 bankruptcy, an individual must pass a means test, meaning his or her income level must be too low to reasonably make payments on debts. If he or she does not pass a means test, then Chapter 13 bankruptcy may be a more appropriate option for debt relief.

Chapter 7 bankruptcy proceedings typically involve a bankruptcy trustee. This person collects assets (both financial and property assets) from a debtor and distributes their value among creditors who are owed money. Many people fear Chapter 7 because of the potential for a home, car or other substantial property to be liquidated, but not all assets are necessarily going to be considered in liquidation as most will be exempt. To better understand how your income and assets will be affected by filing for bankruptcy, speak with an attorney.

Ask An Attorney About Chapter 7

I have assisted numerous clients file Chapter 7. You could be the next client to discharge most or all of their debts through Chapter 7 bankruptcy. To learn more, schedule a free, no-risk, no-obligation consultation with an experienced Kentucky lawyer. Call 859-963-2073, or reach me online.

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