Bankruptcy is not an easy decision and you may not know much about it. We can help you determine whether you qualify to file for bankruptcy protection.

Bankruptcy falls into three main chapters of the code: 7, 11 and 13.

• Chapter 7 is basic liquidation for individuals and businesses where creditors may or may not get paid.
• Chapter 11 is a form of corporate financial reorganization which typically allows companies to continue to function while they follow debt repayment plans.
• Chapter 13 is a payment plan for individuals with a regular source of income so creditors get paid.
  

Bankruptcy cannot be filed in state courts and can only be filed in Federal courts as they have exclusive jurisdiction over bankruptcy cases.

Bankruptcy can help those who can no longer pay their creditors by creating a repayment plan or by liquidating assets to pay their debts.

Bankruptcy laws also protect troubled businesses through reorganization or liquidation. Contact us to discuss whether you or your business qualify for protection.

Call Us Today!

Please contact us anytime! We look forward to hearing from you.

John Schmidt, Attorney
101 North 7^th Street

Louisville, KY 40202

(502) 509-1490 (Office)

(888) 626-1253 (Toll Free)

(502) 805-0514 (Fax)

We accept credit cards as a convenience to our clients and there is a 5% convenience fee for each charge.

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