How to Easily and Quickly File Bankruptcy in Kentucky

If you spend a little time learning how to easily and quickly file bankruptcy in Kentucky, your Chapter 7 or 13 will be less expensive, quicker, and less trouble. When you know how to file bankruptcy, your credit recovers faster. In fact, some of our clients had 720 credit scores within a year after filing. If it is done right, you will discharge more debt and keep more property. You might even modify a mortgage or auto loan. In addition, some loans like a second mortgage or home improvement might not need to be paid back at all after filing. Remember, you don’t accomplish this by using an attorney or paralegal who is still learning how to prepare petitions.

How to Easily and Quickly File a Kentucky Bankruptcy in Eight Hours

If you file your bankruptcy without understanding how to file bankruptcy in Kentucky, it often becomes a costly error which makes your creditors and attorney richer. However, filing can be quick and easy. For instance, if you need to file, it takes about 2 hours to do each section of what is required to file your bankruptcy.   That is 8 hour or less as listed below:

  1. There are certain required documents you have to Gather for any Chapter 7 or 13 bankruptcy – 2 hours or less.
  2. Every attorney has an intake to fill out.  You can fill out our intake online 24 hours a day from work or home – in 2 hours or less.
  3. Every Chapter 7 or 13 debtor must take a credit counseling class and obtain the certificate or the case cannot be filed- again this takes 2 hours or less.
  4. Whether you have an experienced attorney or a paralegal prepare the petition it should take 2 hours or more to complete or the preparer is not being accurate and complete.

⎆ We also keep you on track by sending out emails every few weeks or calling.

You can easily and quickly file bankruptcy in those four simple steps. But filing is just the beginning. We also keep you on track by sending out emails every few weeks or calling. The court will also send you reminders to take the second class and notices of your hearing. In this way, we remind you of the tasks we need to do together to complete your Chapter 7 or 13. First, I explain bankruptcy to you in an initial interview with you while we are preparing the petition. Also, I only file 12-20 cases per month, so I personally file your petition.  The four prepetition steps all take about 2-hours per step to complete.

Explaining bankruptcy to you is something some offices fail to do. However, we never hand you over to a paralegal or secretary when it comes to preparing the petition with you. To get your case filed expediently, please read the following for the necessary tasks you must perform.

⎆ Preparing the necessary documents to file a Chapter 7 or 13 bankruptcy.

The bankruptcy judge and the trustee believe most of what people say in their testimonies. However, they still verify your income, expenses, and property before they give you the discharge. To file bankruptcy, it isn’t enough for you to claim you only make $4,000 per month. They want to see your pay stubs and taxes to verify your average income and expenses. The documents which are required by them must be organized, scanned in as a pdf document, and then sent to them.

Here is our Bankruptcy checklist of these required documents. We cannot file any bankruptcy without these documents in our hands. It is worth noting that the failure to produce the documents to the trustee within a few days after filing the bankruptcy can cause the bankruptcy to be dismissed.

⎆ Every debtor is required to take a credit counseling class before filing.

Since 2005, every debtor is required to take a Credit Counseling class before the case is filed. A second debtor education class is required after filing to get a discharge. In a Chapter 13 you may not need the discharge if you only filed to catch up the mortgage.  These are three places we suggest you go to to get these classes.

    1. –My favorite because they send the certificate to us immediately on request. They also speak English. They offer counseling by phone and online completion. Phones are usually answered by the second ring. They tend to be open 24/7.
      • Cost: approximately $40
      • Phone: 866-859-7323
    1. – Our second choice for both classes, closes at about 9 pm. Open Mon-Sat. They offer phone and online counseling.
      • Cost: approximately $40
      • Phone: 866-662-4932
    1. – This is the least expensive place for the required post-filing credit counseling. This class is 2 hours long and only online.
      • Cost: Approximately $10 dollars

⎆ Our office has a convenient online intake accessible from your home or work computer.

Every office has an intake to complete. However, our office has a convenient online intake where you access it from your home or work computer. We have helped soldiers in Iraq file remotely by using our intake and methods.   Our intake is where you list your assets, debts, income, and expenses. Doing the intake at home lets you take your time to look up information like the addresses for the debts. Moreover, you can do it at 1 am if you want because you don’t have to go to a law office to complete it. I think online completion of the intake is far better because you get to do it in the comfort of your own home and the accuracy ends up being better than if it is done in the office.

A bankruptcy petition consists mostly of a budget and listing of assets and liabilities. Our online bankruptcy intake is here, and it should not take over 1-2 hours to complete. After you gather your documents and input your client intake online, you will be ready to come in and prepare the petition with Nick. Simply make an appointment (with my Assistant 502-625-0903) to come in and file. We can prepare the petition with just your income information.  But we must have the credit counseling certificate to file the petition.

Filing out the intake is easier if you get a free credit report from to gather the information about your debts to prepare for your bankruptcy. Usually, your credit report will have the addresses for the debts. This is important because although you can guess the amount of the debt, but you have to give notice to the creditors in asset cases to discharge the debt.   The credit report will have accurate addresses to help you list the addresses and will remind you of debts you forgot.

⎆ Understanding how to file bankruptcy will help you get the most out of your bankruptcy.

Our short 80-page Bankruptcy manual, takes about 3-4 hours to read. It explains step by step how to defend a foreclosure, keep property in bankruptcy, discharge income taxes, and manage your student loans. The bankruptcy will go far more smoothly, and items will get done on time if you understand the process and how to deal with servicers better. Servicers work for the lenders of your mortgage, auto, and student loans. They earn a percentage from collecting any late fees and servicing the loan so, they absolutely have an incentive to keep payments high and keep you in default.  The bank’s attorney gets paid more if he must do added work.  You dont want your legal advise from either of them.

You may need to modify, consolidate, or rehabilitate your student loans. Most people will not be able to discharge their student loans. However, 500 – 1000 people every year qualify to discharge their student loans by getting an undue hardship discharge. Rehabilitation or consolidation of student loans into an affordable IBR cures most problems for government student loans. But for  private student loans, you may have to simply not pay them until the statute of limitations has run out. Additionally, we can help you with private loans that attempt to sue you.  For the government loans we suggest to get into the most affordable student loan program.  Servicers will always put you into programs and process the loan into programs which pay them added fees.

⎆ If you have a judicial lien or a secured mortgage, there are some things you must consider.

To begin, we can often strip off a judicial lien during bankruptcy, but there is a separate charge for the added work, and we need information from you. Next, if you are keeping a home or auto, you probably want to file a reaffirmation or redemption. If you don’t know what that is, look at our page on reaffirmations and redemptions. Timing the bankruptcy is essential if you’re going to discharge income tax debts. In addition, while Chapter 7 may delay a foreclosure for about 6 months, it usually takes a Chapter 13 to cure a mortgage default. Planning your bankruptcy allows everything to go much more smoothly and will enable you to keep more property and discharge more debt.

⎆ Additional bankruptcy educational material to file your bankruptcy in Kentucky

Our 60-Minute how to file for Bankruptcy audio is a dramatization of a first interview where you will hear answers to typical foreclosure and bankruptcy questions. Interestingly, it was recorded with a former president of the mortgage banker’s association pretending to be the client.

Bookmark our Bankruptcy website and use it for frequent reference. You will need this information later, and we often do updates. Furthermore, this information is educational, not legal advice. If you have specific Chapter 7 or 13 bankruptcy questions, ask your attorney or contact us about being your lawyer! Since 1988, Nick accepts and works with bankruptcy, debt defense, and foreclosure cases. Call today for more details on how to easily and quickly file your bankruptcy in Kentucky.

Free Bankruptcy Manual Nick Thompson Bankruptcy by Nick Thompson, Bankruptcy Attorney Resources for Bankruptcy

Louisville Kentucky Bankruptcy Forms

File Bankruptcy Online in Louisville, Kentucky

Credit Counseling to Meet Bankruptcy Requirements

Filing Late Bankruptcy Debtor Education and Credit Counseling

Filing Chapter 7 & Chapter 13 Bankruptcy

If you are thinking about filing bankruptcy, don’t delay because timing is crucial. I am here to help you. So, contact my office right away to start the conversation. Nick C. Thompson, Bankruptcy Lawyer: 502-625-0905.

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