An Understanding and Experienced Bankruptcy Practice
There are times when people experience life events that are beyond their control and cause serious financial troubles. They lose a job, file for divorce, suffer an illness or are hurt in an accident. These life events can lead them on a difficult and stressful financial path. But working with an understanding and experienced attorney is a way to find your way down this path.
At Riley & Associates, is committed to helping people in the Louisville area create a new path and a fresh start. He is a knowledgeable lawyer who chose to practice bankruptcy law because of his dedication to helping people resolve serious problems.
He understands that bankruptcy is a situation that many people never expected to find themselves in, and he focuses on providing compassionate and thorough legal help during a difficult time. Riley & Associates offers a wide range of credit counseling services, as well as Chapter 7 and Chapter 13 personal bankruptcy counsel.
- Chapter 7: This type of bankruptcy is a kind of debt liquidation that allows people to discharge many of their unsecured debts without having to pay them back. The law on Chapter 7 bankruptcy is complex. There are certain requirements and certain exceptions that must be taken into account under the law.
- Chapter 11: This type of bankruptcy is available for businesses. Under this Chapter a business may restructure its debts enabling it to become more profitable. The underlying premise of this Chapter is that an operating business is worth more than the liquidated value of a business that has shut down. This Chapter is also available for individuals with regular income who owe more than one million dollars.
- Chapter 13: This type of bankruptcy works differently than Chapter 7. In Chapter 13 bankruptcy, just a portion of debt is repaid and the remainder does not have to be paid. Debtors agree to a three to five year repayment plan, paying their debt on reduced rates.
- Bankruptcy myths: People do not seek bankruptcy debt relief because they believe in the myths about bankruptcy. Working with a knowledgeable lawyer is the best way to avoid being held back by ideas about bankruptcy that just are not true.
Contact Us
To speak with our attorney contact Riley & Associates at 502-498-8274 or toll-free at 866-668-2176. You may also complete our online form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.