- Divorce
- Child SupportBoth Chapter 7 and Chapter 13 bankruptcy contain a provision called an automatic stay that causes all collection activities to immediately cease, including most garnishments, upon filing a bankruptcy case. Garnishments for unpaid child support are one of the few exceptions. They are not affected by a bankruptcy petition.
- Spousal SupportIt is also important to understand that if you are divorcing and file for bankruptcy, some of the agreements made during the course of your divorce may be impacted. Most financial obligations arising from a divorce are also not dischargeable such as child support and spousal support (alimony).
- DUI/DWIYou may have to pay damages from your DUI conviction and your personal injury claim, which is debt that cannot be discharged. Read on…
- Personal InjuryOne way that your case can be thrown out is if you provide false or misleading information on your bankruptcy schedules. Examples of that would be a failure to list valuable assets such as real estate, automobiles, inheritances or personal injury claims.
- Estate PlanningA bankruptcy estate is not the same thing as the estate of a deceased individual in the estate planning and administration sense of the word. A bankruptcy estate is like a snapshot of your assets, property, debts and overall financial situation at the time of the filing of the Chapter 7, Chapter 13 or Chapter 11 bankruptcy.
- BankruptcyAre you a business owner in Kentucky? If so, most likely one of the most important things to you is ensuring the profitability and success of your business. Unfortunately, we live in uncertain times, and you may find it difficult to keep your business up and running without some financial assistance or the help of an attorney. If you’ve run into financial struggles and believe bankruptcy may be the best option for you (bankruptcy doesn’t necessarily mean your business has to close), please don’t hesitate to speak with a competent Kentucky business bankruptcy lawyer from Schwarts Bankruptcy Law Center to learn more about how we can help you.
- ForeclosureIf you find yourself in a situation where bills are piling up, you’ve received foreclosure warnings, and you have no real means to pay back your debts, it is most likely time to file for bankruptcy. As you may know, bankruptcy can be a very complex process, which is why it is crucial that you do not go it alone. Our firm can help ensure that you file properly and on time, and ultimately, get yourself into a financial position you can finally be comfortable in.
- Debt CollectionWhat if you believe the debt is legitimate? There are state and federal laws that creditors must follow leading up to and during a lawsuit, including the Fair Debt Collection Practices Act (FDCPA). For example, proper collection steps need to be taken prior to filing a lawsuit. When creditors violate these laws, it can impact the outcome of a lawsuit and potentially lead to dismissal.