A fresh start is closer than you think in Spencer County. Nick Thompson helps people in Taylorsville and the surrounding area file for bankruptcy, stop debt collection, and move forward. The first consultation is free, and most of your case can be handled without a trip to Louisville. You do not have to face the creditors alone.
Chapter 7 versus Chapter 13
Most personal cases fall into one of two chapters. Chapter 7 clears most unsecured debt in about 4 to 6 months, such as credit cards, medical bills, and personal loans. A means test compares your income to the Kentucky median. Chapter 13 sets up a 3 to 5 year payment plan and can stop a foreclosure while you catch up. We study your income and your goals and recommend the path that fits.
What the automatic stay does
The day your case is filed, the automatic stay stops most collection. Wage garnishment stops. Collection calls and letters stop. A foreclosure sale is put on hold, and repossession and most lawsuits stop as well. Creditors must back off while your case is open. A pending utility shutoff can be paused as well. That pause gives you room to breathe and plan.
Debts we can usually discharge
Bankruptcy is designed for everyday debt. We regularly clear credit cards, medical bills, personal loans, old utility bills, and the balance left after a repossession. Older income tax debt can qualify when it meets the timing rules. Some debts are treated differently, including child support, most student loans, and recent taxes. If a creditor already has a judgment against you, filing can stop the garnishment that follows. We review your full list before you file.
Protecting your property
Most people keep everything they own. Kentucky filers can elect the federal exemption list, which protects home equity, a vehicle, household goods, and retirement savings for most families. We look at what you own and apply the exemptions that protect the most, and we flag anything close to a limit ahead of time. Retirement savings are generally protected in full.
How filing works from Taylorsville
The steps are simple. We begin with a free consultation about your debts, income, and goals. We then gather your paperwork, such as pay stubs, tax returns, and titles. Nick prepares and files your petition, and the automatic stay begins that day. You attend one hearing, your 341 meeting of creditors, held by Zoom video in the Western District of Kentucky. You join from Taylorsville with no trip to a courtroom. A Chapter 7 discharge usually follows a few months later. We prepare you for the 341 meeting in advance, so you know the questions before the day.
Serving the lake community
Taylorsville is the Spencer County seat, set near Taylorsville Lake and the state park. Taylorsville Road runs straight from Louisville out to town, so reaching our east-end office is easy when you need to. We help clients throughout Spencer County.
Handled personally
Nick has practiced law for more than 35 years, in Kentucky since 1991. He prepares each petition himself, so the person who reviews your case is the one who handles it. Your first consultation is free.
Call 502-625-0905 to get started. We will lay out your options in plain English.
Frequently Asked Questions
No. Your 341 meeting is held by Zoom, so you join from home. Call 502-625-0905.
Yes. We help clients in Taylorsville and the surrounding communities across Spencer County.
Yes. The automatic stay pauses a foreclosure sale, and Chapter 13 lets you repay missed payments over three to five years.
Pay stubs, recent tax returns, and a list of your debts are enough to begin. We help you gather the rest.
Yes. The first visit costs nothing. Call 502-625-0905.