Filing Bankruptcy in Owensboro, Kentucky
Filing Bankruptcy in Owensboro, Kentucky can be complex and overwhelming for many individuals. Those who are considering filing for bankruptcy in Owensboro should seek the advice of an experienced attorney to guide them through the process and ensure that their rights are protected. The laws surrounding bankruptcy vary significantly from state to state, so having a knowledgeable attorney on your side is essential.
In Owensboro, Kentucky, individuals may choose between two different types of bankruptcy: Chapter 7 and Chapter 13. With Chapter 7 bankruptcy, most unsecured debts such as credit cards and medical bills will be discharged while any assets not explicitly listed as exempt by law might be liquidated to pay off creditors. On the other hand, with Chapter 13 bankruptcy debtors can keep all of their assets while entering into a court-approved repayment plan to pay off creditors over three or five years.
The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
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