Contact the Louisville bankruptcy attorneys from Macey & Aleman to learn about your bankruptcy options.

Gain a better understanding of your legal rights from one of Macey & Aleman' Louisville bankruptcy attorneys. When you hire one of our Louisville bankruptcy attorneys, you hire someone who will not only analyze your current financial situation but will also help determine what steps you need to take to protect your home, vehicle and personal assets. Our experienced Louisville bankruptcy attorneys are extremely knowledgeable in the field of consumer bankruptcy protection including both Chapter 13 and Chapter 7 bankruptcy. Our Louisville bankruptcy attorneys understand all the complexities of both Kentucky exemption regulations and Federal bankruptcy protection.

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Contact the Louisville bankruptcy attorneys of Macey & Aleman to learn how Chapter 13 or Chapter 7 can protect your assets.

Your Macey & Aleman Kentucky bankruptcy attorneys will determine, based on your particular circumstances, whether to use a Chapter 13 or Chapter 7 bankruptcy to protect your interests. Chapter 7 bankruptcy is usually used for debtors with a very low income, very little equity and high unsecured debts which usually include medical and credit card bills. A Chapter 13 bankruptcy is used for people who do have equity built up in their property and have a steady source of income to cover their monthly living expenses as well as their payment.

A Chapter 13 bankruptcy filing is actually an interest-free debt consolidation and repayment plan. You will be able to consolidate your debts and make payments on this one account over a three to five year period. While you are making these payments, your creditors can no longer harass you or try to collect their money directly. They must adhere to the terms of your plan as defined by the bankruptcy judge. Debts that are usually consolidated under a Chapter 13 filing include mortgage arrears, balances on vehicle loans, student loans, credit card debts and other unsecured debts. All outstanding debts must be included in a Chapter 13 consolidation plan.

If your home is in foreclosure, a Chapter 13 filing will stop the foreclosure any time prior to the sale. You will repay your mortgage arrears through your Chapter 13 plan. A Chapter 13 will also stop the financing company from repossessing your vehicle. The past due payments and the entire balance on your vehicle loan will be consolidated and you will pay it off on a scheduled plan. Under certain cases, we can even recover your vehicle after repossession and consolidate the remaining balance due.

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