Bankruptcy Attorneys in Richmond, KY Help You Make a 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 & Haymond, 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. As a result, many people make the choice to hire knowledgeable, experienced attorneys to help them through the process. At Davis & Haymond, 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. There are limitations on who can file Chapter 7, but most people we talk to DO still qualify for a Chapter 7 filing.
Chapter 11 and 12 bankruptcies are not an option for most people—those chapters are primarily geared toward business owners, family farmers, and professional fishermen, among others.
Chapter 13 bankruptcy is the second most common type of filing, and it 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 & Haymond 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 & Haymond. 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 meeting of creditors. The fee also includes your filing costs and comprehensive credit reports.
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 & Haymond, we give you the tools and the knowledge you need to get through this period of financial difficulty with confidence. Time and again, our clients have told us that making the decision to call for that first appointment was the hardest part; once they were here in our office and met with our attorneys and staff, they felt so much better!
When you need a bankruptcy lawyer you can trust…
We are committed to doing what is best for you. Contact Davis & Haymond, P.S.C. online, in Richmond at (859) 624-3380 or in Irvine at (606) 726-9991 to see how we can help. The call and the initial consultation appointment are free, but the peace of mind you’ll have after leaving our office is worth its weight in gold.
