{"id":1186,"date":"2016-07-08T11:43:07","date_gmt":"2016-07-08T11:43:07","guid":{"rendered":"https:\/\/farmerwright2.wpengine.com\/?page_id=1186"},"modified":"2022-08-25T18:06:17","modified_gmt":"2022-08-25T18:06:17","slug":"personal-bankruptcy","status":"publish","type":"page","link":"https:\/\/farmerwright.com\/personal-bankruptcy\/","title":{"rendered":"Paducah Personal Bankruptcy Lawyers"},"content":{"rendered":"\t\t
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Many of our personal bankruptcy<\/a> clients come to us when they are in the middle of a crisis. They have been injured in an accident, have lost their job, have more bills than they can pay, or are facing foreclosure.\u00a0The Paducah KY bankruptcy lawyers<\/strong><\/a> at <\/span>Farmer & Wright, PLLC, can help clients take back control of their finances and help put them on the road to financial recovery. We are a debt relief agency, experienced in helping clients gain control of their finances.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Filing Bankruptcy: Frequently Asked Questions<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Can a bankruptcy stop a wage garnishment or foreclosure?<\/h3>

Yes! The filing of a personal bankruptcy case will stop a wage garnishment or vehicle repossession immediately. Filing a bankruptcy case can also stop a home foreclosure.<\/p>

When you file for Chapter 7 or Chapter 13 bankruptcy, an automatic stay goes into place. The automatic stay will stop all collection actions being taken against you, including wage garnishment. Instead, the debt that wage garnishment is working to collect will be managed through your bankruptcy.<\/p>

One exception is when your wage garnishment is the result of a domestic support obligation. Past due child support and alimony will continue to be taken out of your wages through garnishment. Further, bankruptcy cannot discharge past due domestic support. However, your personal bankruptcy attorney in Louisville, KY<\/strong><\/a> may be able to get the obligation creditor of your domestic support obligation to voluntarily suspend your wage garnishment while you handle your debts through bankruptcy.<\/p>

Talk to a Hopkinsville & Paducah personal bankruptcy lawyer<\/em> to find out of your wage garnishment can be stopped or suspended while you file bankruptcy. You may be able to manage those debts through your bankruptcy in a discharge or payment plan, depending on the type of bankruptcy you file.<\/p>

What are the benefits of bankruptcy?<\/h3>

There are many benefits of bankruptcy, some of which differ depending on the type of bankruptcy you file.\u00a0Filing bankruptcy can stop a home foreclosure, car repossession, wage garnishment and harassing calls from creditors.\u00a0The biggest benefit is that you can eliminate most or all of your debt and start over. If you are faced with difficult legal issues due to your debt, a bankruptcy can provide you with relief.<\/p>

How can I stop foreclosure?<\/h3>

A Chapter 13 bankruptcy can help individuals catch up on delinquent house payments and can even stop a foreclosure. Our bankruptcy lawyers in Kentucky<\/strong> can help you determine if this is the best option for you. We will walk you through the process and develop a strategy to help you get back on track financially.<\/p>

Chapter 7 can also pause a foreclosure during an automatic stay. This may give you time to catch up on payments or renegotiate the terms of your mortgage with your creditor. A personal bankruptcy attorney<\/strong> can help you with your bankruptcy as well as negotiations with your creditor. Your lender will likely have a lawyer on their side to represent them, so you deserve someone protecting your rights as well.<\/p>

What if I\u2019m behind on my taxes?<\/h3>

Often our clients\u2019 financial problems are due to tax issues. If these tax issues are not dealt with quickly the IRS could file a lien against your home or garnish your wages. The attorneys at Farmer & Wright, PLLC, can help. In many cases, we have helped our clients settle their tax debts for amounts significantly less than the amount owed. We have represented numerous clients with the IRS. It\u2019s important for a client to know their rights when dealing with the IRS or the state taxing authorities. Contact our Paducah personal bankruptcy lawyers<\/strong><\/a> to find out if bankruptcy is the best solution for you.<\/p>

Chapter 7 Bankruptcy<\/h4>

If you file Chapter 7 bankruptcy<\/a>, you will continue to owe most of your past-due taxes at the end of your bankruptcy. However, there are exceptions in which your tax debt can be discharged. If your tax debt has the following characteristics, then it may be dischargeable:<\/p>