KYBANKRUPTCY

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KYBANKRUPTCY.ORG

I am attorney William A. LaBach and this is my Bankruptcy web site. Thank you for for logging on. I have been filing Bankruptcy cases for clients in Kentucky since 1975. Most people contacting me are unfamiliar with Bankruptcy so I will answer a few of the more common questions I receive.

Bankruptcy laws are mentioned in the United States Constitution. In Bankruptcy one lists all property and all debts. There is no pick and choose to it about what is included. One can pay any debt one wishes to pay after Bankruptcy so listing a debt does not mean the creditor can never be paid.

Many people call me wanting to file a Chapter 13 case. In Chapter 13 cases, payments are made on the debts for the next five years. This is not usually the best choice for a debtor and is not available to many debtors. One must have sufficient income to fund a Chapter 13 plan in order to use this chapter.

Most people who take Bankruptcy file a Chapter 7 case which many times results in the debtor keeping all property and getting rid of all dischargeable debts. One must be aware that most liens on property like car loans and home mortgages are still good after Bankruptcy and are not subject to modification. One can either surrender the property subject to the lien to the lien creditor and pay no more or attempt to reaffirm the debt and continue making payments as before.

Secured creditors are generally willing to let you reaffirm your debt to them although they are not required to do so. There is no need to consider reaffirmation of unsecured debt.

The subject of Bankruptcy law is complex and cannot be briefly summarized. There are other specialized areas of Bankruptcy which are not generally used by individual debtors. I will be happy to discuss your particular situation with you. I only represent debtors in Kentucky cases. Some aspects of Bankruptcy make use of state law. I am only licensed to practice in Kentucky and I am not familiar with state laws of other states. This web site is an advertisement and is not an attempt to establish an attorney-client relationship via the Internet. If you have an interest in learning about my services, please contact me. Bill LaBach.

Phone: (502) 867-3816

E-Mail: wlabach@yahoo.com

My office location is 321 E. Main Street, Georgetown, KY 40324. This is in downtown Georgetown on the edge of the central business district. Main Street is part of U.S. 460 which runs between Paris and Frankfort though Georgetown. For a map, click here.

VERY IMPORTANT NOTE: Due to fairly recent changes in the Bankruptcy laws, an individual cannot file until after having had an approved course in consumer credit counseling. For a list of the approved credit counseling services, click here. Counseling can be done in person, on the telephone, or on the Internet. In the Eastern District where I mainly practice, you can do consumer credit counseling in person in Lexington, Florence, Ashland, and Pikeville. You will notice that this web site makes reference to the Eastern and Western Districts of Kentucky. For a map showing these federal districts, click here. The districts are broken up into divisions as indicated by the map. Where you go to Court in a Bankruptcy case is determined by what division you live in. After filing a Chapter 7 Bankruptcy and going to Court, one is required to take a second course in financial management within 60 days from the date of the meeting of creditors. For a list of the approved debtor education services for the financial management course, click here. This list is not identical to the one for prebankruptcy counseling.

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