Louisville's Bankruptcy & Foreclosure Lawyer

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Over 33 Years in Practice
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Over 4,000 Chapter 7 & 13 Cases
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Over 1,000 Foreclosure Cases
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99+% of our 7's discharge

Your First Obligation Is to Yourself and Your Family Not the Bank.

Let us explain your options and plan a strategy to achieve your goals!

What some lawyers are not telling you may cost you thousands.  

How to File Your Bankruptcy

First, gather the documents every debtor is required to provide.  Trustees look for assets, income, & transfers you made before filing. You may bring files with you, upload files with your intake or use a thumb drive. Keep them in order. 

This is a list of the required documents.  

Fill in your online intake

Second, the below link lets you complete our online intake.  You can upload pdf files from home, bring them in on a thumb drive, or we can scan them for you. You should be able to file bankruptcy in one trip! Please put them in 1,2,3 order.

Sign up here. You will be emailed a link to complete your intake

Take the required Class

Third before filing, you must take an online credit counseling class. Cases can not be filed without it.  Debtors must also take a debtor education class later to get a discharge. You can prepare a petition before taking the class and getting certified.

This is the link to the Better Classes.

Make Your Appointment 

Make the appointment. You can meet with Nick first about specific problems before you sit down to prepare your petition.  Some people prefer to make one trip.  Our Manual and website also explain how to get the most benefits.

Make your Appointment

What makes filing Chapter 7 or 13 with Nick Thompson better?

At Large firms, you often never see an attorney

In our office, clients matter. Large firms use paralegals or secretaries to prepare bankruptcy cases and meet clients.   You are baited into the office and promised an attorney would prepare your bankruptcy.  But clients in large offices rarely meet the head of the law firm or get attention from a lawyer.  Big firms are set up to process clients like a factory assembly line.  Using these non-attorneys keeps their costs down.  So the quality you receive often suffers, and the mistakes usually cost clients thousands more. 

Also, large offices place as much as 95% of their clients into Chapter 13 cases to make a $4,100 Chapter 13 attorney fee.  These Chapter 13 cases require five years to complete, and the client loses their tax refund every year in Western Kentucky.   A Chapter 7 client, however, typically only pays about $1400 or $1600 in attorney fees.  Chapter 7 clients complete their Chapter 7 in 4 months.  These “mistakes” of putting clients into Chapter 13 cases when they should be in Chapter 7s are intentional so that the large offices can make thousands more from every client. 

 Nick doesn’t place debtors into Chapter 13 unless they need a Chapter 13.  

70% of our cases are Chapter 7 cases because Chapter 7 is the solution to 70% of consumer Bankruptcy cases.  Over 90% of our clients pass the means test and qualify for a Chapter 7 because we search for expenses that allow you to be eligible for a Chapter 7 if you need or want to file as a Chapter 7.   Sometimes the extra tools of Chapter 13 can benefit a client in stripping a second mortgage or protecting a co-signer.  

In our law office, when a client does a Chapter 13, it is for a valid purpose.  Valid purposes for a 13 include catching up on a mortgage or preventing a tax or student loan garnishment for five years.  We do less than 20 cases a month, giving you the attention you need and deserve with an attorney.  I meet with and plan every Chapter 7 or Chapter 13 case with clients to ensure we achieve your goals for the case. I give a great deal of personal attention to every bankruptcy petition and foreclosure case at every stage.  

Chapter 7 13 Attorney
Highly Rated Chapter 7 13 Attorney

Our qualifications as Louisville's Bankruptcy & Foreclosure Lawyer

Our office has over 70 five-star reviews on Avvo from other bankruptcy lawyers nationwide and clients with a five-of-five stars rating. Over 30 attorneys recommend our office as the lawyer to go to on Avvo. 

On Findlaw, Justia, and Google, there are over 50 five-star rating reviews from Kentucky clients. Nick has received the Three Best Rated award for five consecutive years since 2016 as one of the top three best-rated consumer bankruptcy and foreclosure attorneys in Kentucky.

A Top Rated Kentucky Bankruptcy & Foreclosure Attorney

I accepted a position as an assistant attorney general and prosecutor in the state tax department and before the US Tax Court with license #51 in 1988.  I have practiced bankruptcy and foreclosure defense in Kentucky since 1991. I have over 33 years of practical yet innovative experience dealing with foreclosure, bankruptcy, and tax cases. 

In 2020, our office filed the first Chapter 11 Small Business Reorganization Act (SBRA) case in Kentucky for a family-run business.  We teach classes to attorneys on how to defend foreclosures and file bankruptcy for NBI and Lorman.  We bankrupt the burdensome debts like income taxes and manage student loans in bankruptcy.  Call 502-625-0905 today for the help you need with a foreclosure or bankruptcy.

Awarded by Three Best Rated for the 5th straight year as one of the top three bankruptcy attorneys in Kentucky

Avvo's Top Lawyer 2013-2021 70+ Reviews 10.0 Rating| Google 5 Star

Download the How to file Bankruptcy Manual

Three separate federal reserve bank studies agree that people who file for bankruptcy have higher credit scores and more net worth than those who don’t.  These studies show not filing, filing too late, or using an inexperienced attorney costs you more time, property, and money.

For over 30 years, almost everyone who has come into my office recognizes bankruptcy is a financial decision, not an emotional one.  The mistake people make is waiting too long to file for bankruptcy or using an incompetent attorney. 

Debtors often don’t understand bankruptcy because they don’t do it every day. But, if you download my book, you will understand how bankruptcy works.

Here are some of the topics:
1. Planning to get the most benefit.
2. Avoid lawyers who put you into Chapter 13 to make higher fees.
3. How transferring, converting, or selling property correctly may allow you to keep the asset.

How Nick Can Help You

People who don’t file bankruptcy hurt themselves by living with poor credit. They pay more for homes, cars, insurance, and everyday items.  People in default who do not file bankruptcy are unable to obtain credit at reasonable rates.  And they are often unable to save for retirement or repay the debt because of higher rates and costs. “Federal Reserve Bank of New York.” Two Federal Reserve studies concluded filing bankruptcy created more wealth when petitions were well planned and prepared. Your can read here about how to file bankruptcy in general  and here are the studies which show bankruptcy creates wealth.

Events like a divorce, death in the family, temporary disability or job loss happen. Even the best people can find themselves unable to cover mortgage payments. If you miss mortgage payments for two months or longer you go into foreclosure. With foreclosure, you face a simple financial decision to keep your home or let it go back. We help you properly go down one of two paths. Sometimes you need time to find a new home which may take months or even a year or two.  You need to defend the foreclosure.  Other times you just need to catch it up and file a Chapter 13. Read More on Foreclosure

A Chapter 13 Bankruptcy can do everything a Chapter 7 can – only better. It has tools to deal with a wider variety of problems a Chapter 7 can’t solve.  Chapter 13 can cure a foreclosure over time and protect a cosigner.  In some cases, it can strip away a second mortgage.  It can ensure you don’t lose property.  A Chapter 13 is often used to manage student loans, taxes and mortgages. Read More on Chapter 13

Chapter 7 bankruptcy is easy, quick and inexpensive – the process is over in just about four months, and no payments are made to the court. You don’t have to turn in an annual budget or ask permission later to sell or buy property.  For people with average to small incomes and little or no equity in property Chapter 7 is often the way to file bankruptcy.  You have to be wary of transferring property just before filing. But there are many reasons to choose chapter 7 over a 13. Read More about Chapter 7

Testimonials from Clients and Other Attorneys

“I have known and known of attorney Nick Thompson for at least 15 years. In that time I have seen him and his practice of law evolve into that of the most knowledgeable and caring bankruptcy attorney I know. If you have a bankruptcy law question, or are faced with a foreclosure crisis of your own, Nick is your answer. Period. There just isn’t anyone better in the state, in my opinion.”
Ronald Burdge
Ohio Lemon Auto Attorney
“Nick Thompson is one of those rare individuals that will go out of his way to make sure you are getting the very best service and support when you’re using his Firm. I’ve know him for several years now and am also a client. He did a great job for me and solved some big problems. I am very grateful for all his help. I would recommend him, without question, to any of my closest friends and relatives.”
Donald Gaw
D. Gaw Partners CPA, LLC
bankruptcy attorney

Nick C. Thompson

Louisville Bankruptcy & Foreclosure Lawyer

The Attorney who educated Attorneys on how to file bankruptcy and defend foreclosures.

Why hire me?  I have over 33+ years of experience in bankruptcy and foreclosure court.  This includes over 4,000 Chapter 7 and Chapter 13 case cases, in addition to over 1,000 foreclosures I have defended.  In 2021 we removed two second mortgages in foreclosure actions while mortgages were in forbearance. 

While I am not a CPA, I trained and sat for the CPA exam.  I am a former tax prosecutor and ran an accounting department of Keystop oil company.  Accounting is not my passion. Instead, I am a lawyer who enjoys suing banks and debt collectors.  I am also the author of manuals, audio productions, and videos on how to file bankruptcy, manage or discharge taxes and student loans in bankruptcy and defend foreclosure cases.