Our experienced attorneys in Louisville, Louisville Bankruptcy Lawyer KY, will help you navigate the complexities of debt collection and protect your rights. The organizations below provide individuals with free or low-cost legal assistance with real estate issues in the Louisville, Kentucky area. However, many mortgages, like the uniform Fannie Mae/Freddie Mac mortgage, give the borrower the right to cure the default after acceleration and reinstate the loan. Check your loan documents to determine if you get a reinstatement right and, if so, the deadline to complete one.

Chapter 13 Bankruptcy

Rather, you need one that helps you select the best solutions for your facts and situation. Stites & Harbison has a rich tradition of pro bono service in the communities where our attorneys work and live. Our firm has been recognized annually by the Nashville Bar Association for its pro bono contributions. In Louisville, we were recognized as a Public Service Challenge Pacesetter by the Louisville Pro Bono Consortium, based on the firm’s commitment to devote 50 hours per lawyer annually to pro bono publico causes. Often it still leaves you with a deficiency and/or tax problems.

We Are Committed To Providing You With Reliable Service

Our team of skilled attorneys are here to offer their legal expertise and guidance, ensuring that you can have peace of mind and relief from the stresses of legal battles. The modifications could result in lowered interest rates, a lowered principal, or reduced attached fees. The lender could also extend the length of the term, or hold monthly payments to a designated percentage of the household income. This effectively stops all creditors and debt collectors from attempting to collect from you during the bankruptcy process, and also stops foreclosure proceedings. Contrary to some bankruptcy myths, there are times when filing for bankruptcy may be the right solution for an impending foreclosure.

When you hire the foreclosure attorneys at the O’Bryan Law Offices, you can rest assured that we have your best interests in mind and want to help you work towards becoming debt free. We will evaluate your finances and help you choose your best debt relief option. If you have 40,000 in unsecured debt, which must be repaid and 20,000 in mortgage costs, then your plan payments will be far more than 1000 per month for a 60-month Chapter 13 plan.

Lawyers with longer memberships tend to have more experience so we use the Membership date to help prioritize lawyer listings on search pages. With a refinanced mortgage, you basically trade your current mortgage for a new one with a different interest rate and principal. The new mortgage pays off the old one, leaving you with only one monthly payment.

If your financial situation was short-lived and you can get back on track making payments, this could be a great option if your lender agrees to it. With a repayment plan, your lender will usually split up the missed payments over several months, making your monthly payment higher. You’ll need to evaluate your finances before discussing this with your lender to ensure you can handle a higher monthly payment.

Most importantly, a foreclosure attorney represents you in court, ensuring that you follow all the procedures and processes. They also help you fill out paperwork, meet important deadlines, and even achieve a loan modification if necessary. We explore all possible options on your behalf, helping you decide which course of action is best for you. Since 1991, I have practiced bankruptcy law and foreclosure defense in Louisville, Ky handling over 7,000 Chapter 7 and Chapter 13 cases and over 1,000 foreclosures. I am an experienced lawyer focusing on bankruptcy relief for foreclosures, small businesses, consumers, and tax debt.