How to Easily and Quickly File Bankruptcy in Kentucky

If you file your bankruptcy without understanding how to file bankruptcy in Kentucky, it might be a costly error that makes your creditors and attorney richer. However, filing is quick and easy. For instance, if you need to file immediately, it takes about 8 hours as listed below:

  1. Gather the documents – 2 hours or less
  2. Fill out an intake – 2 hours or less
  3. Do the required credit counseling class – 2 hours
  4. Prepare the petition – 2 hours

Easily and Quickly File Bankruptcy in Kentucky the Right Way

When you spend a little time learning how to 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.

You can easily and quickly file bankruptcy in four simple steps. But filing is just the beginning. We also keep you on track by sending out emails every few weeks. 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 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.

The Documents You Need to File a Chapter 7 or 13 Bankruptcy

The bankruptcy judge and the trustee believe most of what people testify to. 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 the 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 causes the bankruptcy to be dismissed.

Required Bankruptcy Counseling for Consumers

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. 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 they 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 about 9 pm Open Mon-Sat. They offer phone and online counseling.
      • Cost: approximately $40
      • Phone: 866-662-4932
    1. – Least expensive place for the required post-filing credit counseling. This class is 2 hours long and only online.
      • Cost: Approximately $10 dollars

Our Easy Online Bankruptcy Intake

Every office has an intake to complete. However, our office has a convenient online intake where you access it from your home computer. This is where you list your assets, debts, income, and expenses. Doing the intake at home lets you take your time to look up 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.

A bankruptcy petition consists mostly of 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 also prepare the petition without the first class, but we must have the certificate from the course 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 your bankruptcy. Usually, your credit report will have the addresses for the debts. This is important because although you might guess the right amounts, we also must have accurate addresses.

Things To Do Post Filing

Understanding how to file bankruptcy will help you get the most out of your bankruptcy. This is our short 80-page Bankruptcy manual, which takes about 3-4 hours to read. It explains step by step how to defend a foreclosure, 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 mortgage, auto, and student lenders. They earn a percentage from collecting any late fees and servicing the loan so, they absolutely have an incentive to keep payments high.

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. Most rehabilitation or consolidation of their student loans into an IBR cures most problems for government student loans. For private student loans, you may have to simply not pay them until the statute of limitations has run out. Additionally, we will help you with private loans that attempt to sue you.

More Things To Do Post Filing

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 reaffirmation and redemption. Timing the bankruptcy is also essential if you’re going to discharge income tax debts. In addition, while a Chapter 7 may delay a foreclosure, 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.

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