Hopkinsville Bankruptcy Attorney
The pressure of financial difficulties can feel overwhelming at times, straining your personal and professional life. But no financial problem is too big to overcome with the help of Ison & Cavanah’s bankruptcy attorney, Bob Ison.
If you’re drowning in debt, bankruptcy relief might be an option. Whether you’re a head of household who has fallen behind, or a small-business owner looking to start fresh, working with an experienced attorney can help you preserve your important assets, such as your home and car.
Considering bankruptcy
The recent recession has deeply affected many American families. Those who face an embarrassing loss of employment and rising healthcare costs must then deal with creditors, including predatory lenders.
Bankruptcy is not always the best course of action. Let the experienced team at Ison & Cavanah review your case, explain your options and guide you, step by step, through the complicated legal process.
By taking action now, you can prevent foreclosure on your home, end wage garnishments, protect your vehicle against repossession and break free of harassing collection agents.
Types of bankruptcy
Most debtors seek relief under Chapter 7 or Chapter 13 bankruptcy
Chapter 7 Bankruptcy
Chapter 7 bankruptcy, or “fresh start bankruptcy” involves the elimination of all or a portion of your debt (including medical bills, credit card bills, unsecured loans, payday loans and more). In many cases, you are allowed to keep your home, vehicle and other secured property.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy, or “reorganization bankruptcy,” allows you an opportunity to repay all or a portion of your debts. Depending on your income and expenses, a set payment is established and is paid to a Chapter 13 Trustee who distributes payments to your creditors over a period lasting no longer than five years.
In both chapters, certain debts cannot be eliminated, such as child support, student loans and most taxes.
Filing bankruptcy immediately stops all collection proceedings against you.
Court filing fees, credit counseling fees and attorneys fees apply in both types of bankruptcy.
Bob Ison is well-versed in both Chapter 7 and Chapter 13 proceedings. Our firm has served the people of Hopkinsville, Christian County and the surrounding community for more than 30 years.
"If you are under financial pressure and considering bankruptcy, I am here to help you. I can help walk you through your options and as you decide if filing bankruptcy is the right thing for you. All you need to do is give us a call."
Robert E. Ison, Bankruptcy Attorney
