How Bankruptcy Can Protect You

Here's how you can get protection from your creditors.

You may be wondering how it’s possible to stop receiving stressful phone calls from multiple creditors. It might seem too good to be true, but in reality, bankruptcy can be your saving grace.

If you need immediate protection from your Kentucky creditors, filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy can provide it. How does this work? Each of these chapters immediately invokes a protection called the “Automatic Stay” once it’s officially filed with the Bankruptcy Court.

The “Automatic Stay” is a rule in the Federal Bankruptcy Code that immediately protects you from actions for collection from your creditors. This means that after filing for bankruptcy, creditors cannot call you, sue you, garnish your wages, initiate foreclosure proceedings, or repossess your vehicle.

These protections remain intact throughout the duration of your bankruptcy. The only exceptions are when a creditor files a motion to be excused from this rule, or you choose (by agreement) to allow them to be excused. 

Once we file your bankruptcy case, we immediately work to ensure that your creditors are aware of your filing. We mail them the Bankruptcy Notice, and we go above and beyond to make sure that your assets are protected, and your wages will not be garnished. If you are already being garnished, we work quickly to restore your “take home” pay to the amount you deserve.

If you’ve suffered from unfortunate life circumstances and now need debt relief, we’re here to help.

For more detailed information about the benefits of bankruptcy, check out the drop-down menu under “Bankruptcy Benefits” to see how bankruptcy can stop creditors in regards to garnishment, foreclosure, judgment liens, car repossession, medical bills, and credit card debt.

Everyone’s case is different, so the first step is to meet with a qualified bankruptcy attorney. Getting reliable advice in regards to debt relief is the only way to know if bankruptcy is your best option. 

In order to find out how to protect yourself immediately, call our Louisville office at (502) 435-2593. Attorney Tracy Hirsch will walk you through the steps, and help you file as soon as possible.

If your Kentucky home is about to be sold in foreclosure, if your car is in danger of repossession, or if you’ve received garnishment papers from your employer, then time is of the essence. You need to get protection today!

Need More Information About Kentucky Bankruptcy?

  • One of the benefits of a Chapter 7 is that it can completely wipe out your unsecured debts, such as credit cards and medical bills. Learn more about how you may qualify.
  • This type of bankruptcy is known as a "wage earner's" plan, and can help you keep your home, car, and other personal property. See if it's right for you.
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