Should I File for Bankruptcy?

Business & Bankruptcy Attorney in Danville & Lebanon, Kentucky Serving All Nearby Areas

Posted: April 24, 2019

Couple struggling with bills and considering bankruptcy in KentuckyYou should speak to our attorney William R. Noelker in Danville and Lebanon to discuss whether you should pursue bankruptcy. Each situation is unique, and our attorney wants to get to know you and your circumstances before we make any recommendations. For a complimentary consultation, please call 859-329-3992.

Signs that a Bankruptcy Filing May be an Option

When you owe more than you can afford to pay back, it may be time to discuss your financial situation with our attorney. Bankruptcy is certainly a serious decision. It affects your credit, and possibly your home, possessions and other assets. Although serious, it is sometimes the best way to rebuild your finances.

Bankruptcy is not uncommon. You probably have friends or family members who have been in similar situations. Bankruptcy is not something anyone wants to deal with, and it's not usually a result of reckless spending or carelessness. Instead, most Americans declare bankruptcy because of financial hardships that may result from:

  • Job loss
  • Unaffordable medical bills
  • Astronomical credit card debt
  • Divorce or marital problems

Although living with some amount of debt is fairly ordinary in the U.S., sometimes the debt becomes insurmountable and you may feel in over your head. The following may signal a situation in which bankruptcy could be beneficial:

  • You are behind on your debts
  • Home foreclosure is imminent
  • The threat of repossession of your motor vehicle is looming
  • Creditors are harassing you daily
  • Collections agencies are calling your home and place of work
  • You have to use your credit card for all purchases, including groceries and necessities

There are two main types of bankruptcy available to individuals: Chapter 7 and Chapter 13. One of the ways Mr. Noelker can help you is by determining which, if either, of these options is right for your financial situation.

For more information, please visit our bankruptcy blog

The Importance of a Consultation

If your debts and financial situation are keeping you up at night, and if you can't figure a way out, then it may be time to call Mr. Noelker to ask about bankruptcy. These cases are highly variable for each client, so the details of your situation must be assessed before Mr. Noelker can make recommendations.

Call our law firm now if you are considering bankruptcy. Acting immediately will be beneficial regardless of your ultimate decision:

  • Get ahead of the situation by learning about your options now
  • Don't wait to be served or have your wages garnished
  • There's no risk or obligation in calling us to find out about your options

 Mr. Noelker is an experienced, compassionate attorney who helps you weigh your options. You deserve nonjudgmental, straightforward legal advice, and we offer that to our clients. Tough financial situations are a part of life, and Mr. Noelker helps you decide if bankruptcy will help you get back on track.

Call Us Now for a Complimentary Consultation

If you are considering the option of bankruptcy and live in Danville, Lebanon or any of the nearby regions in Kentucky, please call William R. Noelker, Attorney At Law, for a complimentary case review: 859-329-3992.