Chapter 13 Bankruptcy Attorneys Helping You Regain Financial Control

Falling behind on bills can put your home, car and financial future at risk. When debt becomes hard to manage, Chapter 13 bankruptcy may give you a way to catch up on payments while protecting your property.

At Burnett & Griffin, PLLC, we provide compassionate bankruptcy services backed by over 60 years of combined legal experience. Our Chapter 13 bankruptcy attorney, Mary Burnett, helps Kentucky residents explore their options and create a path toward financial stability. With offices in Elizabethtown and Brandenburg, we serve Hardin County, Meade County and surrounding communities.

How Can Chapter 13 Bankruptcy Help You?

Chapter 13 bankruptcy allows people with regular income to repay all or part of their debts through a court-approved plan. Payments usually last three to five years, depending on your financial situation.

Filing for Chapter 13 Bankruptcy may offer several benefits:

• Stop foreclosure: Pause foreclosure proceedings and potentially catch up on missed mortgage payments.
• Protect your property: Keep your home, vehicle and other assets while meeting the terms of your repayment plan.
• Stop collection efforts: An automatic stay generally stops creditor calls, lawsuits, wage garnishments and certain repossessions.
• Manage debt: Make regular payments under a structured plan instead of dealing with multiple creditors.
• Reduce qualifying debt: Certain unpaid debts may be discharged after you complete your repayment plan.

Chapter 13 does not guarantee that you can keep every asset. You must follow your repayment plan and stay current on certain ongoing payments. Our lawyers can help you understand your options and determine whether Chapter 13 fits your needs.

Who Qualifies For Chapter 13 Bankruptcy In Kentucky?

Chapter 13 is generally available to individuals with steady income, including employees and self-employed workers. However, you must meet certain requirements.

Eligibility depends on several factors:

• Regular income: You need enough income to make the required plan payments.
• Debt limits: Your secured and unsecured debts must fall within federal limits.
• Financial information: You must provide accurate records of your income, expenses, assets and debts.
• Credit counseling: Most filers must complete an approved course before filing.

Our attorneys can review your financial situation and explain whether you meet the requirements.

How Does A Chapter 13 Repayment Plan Work?

Your repayment plan outlines how you will pay creditors over three to five years. The amount depends on your income, living expenses, debts and property.

Your lawyer helps prepare a plan for the bankruptcy court to review. Once the court approves it, you make regular payments to a bankruptcy trustee, who distributes funds to creditors.

You must keep up with these payments and certain ongoing bills. After completing the plan and meeting other requirements, you may receive a discharge of eligible remaining debts.

Common Questions About Chapter 13 Bankruptcy

Choosing the right bankruptcy option can feel confusing. These answers may help you better understand your choices.

What is the difference between Chapter 13 and Chapter 7 bankruptcy?

Chapter 13 involves a repayment plan lasting three to five years. Chapter 7 bankruptcy generally eliminates qualifying debts without a repayment plan but may involve selling nonexempt property.

How does Chapter 13 help stop foreclosure or repossession?

Filing usually creates an automatic stay that temporarily stops foreclosure and repossession efforts. Chapter 13 may let you catch up on missed payments over time, but you must follow the plan and meet ongoing payment obligations.

Get Trusted Chapter 13 Bankruptcy Guidance In Kentucky

Financial setbacks do not have to determine your future. Our attorneys offer practical advice and personal attention to help you explore debt relief options. Call 270-506-0246 or contact us online to schedule a free consultation with 270-506-0246, at our Elizabethtown or Brandenburg office.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.