Bankruptcy

Bankruptcy attorneys help you make fresh start

Do you flinch when the phone rings, afraid that it is another harassing call from a bill collector? Do you dread opening your mailbox, worried that it is full of bills you cannot afford to pay? If you answered “yes” to either of these questions, rest assured you are in good company. If worries about money—or the lack of it—are ruling and ruining your life, bankruptcy may be an option to consider.

Davis Law, P.S.C. is a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code. You can represent yourself in a bankruptcy proceeding. But, bankruptcy can be a complex legal undertaking. So many people make the choice to hire knowledgeable, experienced attorneys to help them through the process. At Davis Law, we have been helping the people of Central and Eastern Kentucky with their bankruptcies for many years.

Bankruptcy 101

Bankruptcy is primarily governed by federal law. The most common chapters, or types, of bankruptcies are Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

Chapter 7 is also called a liquidation bankruptcy. It usually provides the most comprehensive relief for debtors. A Chapter 7 bankruptcy can usually eliminate your credit card debt, medical bills, deficiency balances on repossessed vehicles, and many other types of unsecured debts.

Chapter 11 and 12 bankruptcies are not an option for most people—those chapters are reserved for small business owners, family farmers, and professional fishermen, among others.

Chapter 13 bankruptcy requires you to pay a percentage of what you owe to the court over a period of three to five years. Sometimes, it is the best option if you are facing a foreclosure action on your home, because it allows you a little extra time to catch up on your mortgage while still remaining in possession of the property.

How we help with bankruptcy

At your first meeting with your Davis Law bankruptcy attorney, we will discuss, in detail, each of the above chapters and help you decide which option best suits your needs.

Federal law requires all bankruptcy attorneys to give you a written contract specifying what the attorney will do for you and how much it will cost. We always do that for you at Davis Law. In fact, we can usually tell you at your very first appointment—which is completely free of charge—how much your bankruptcy is going to cost, start to finish.

The fee we quote you will include, among other things, meeting with you to review your debts and value your assets; preparing your petition for filing with the Federal Bankruptcy Court; and attending your first meeting of creditors. You do not have to pay our entire fee up front. In fact, most people make payments to us over time, and that’s okay. However, we do require all fees to be paid before we file your case with the court.

Deciding to call us is the hardest step

Once you are here, we promise that you will never be made to feel embarrassed or humiliated by your decision to seek help. We understand that bad things happen to good people. At Davis Law, we give you the tools and the knowledge you need to get through this period of financial difficulty with confidence.

When you need a bankruptcy lawyer you can trust

We are committed to doing what is best for you. Contact Davis Law, P.S.C. online, in Richmond at (859) 624-3380 or in Irvine at (606) 726-9991 to see how we can help.