Bankruptcy

The goal of federal bankruptcy laws is to give the honest debtor a fresh start in life. How that is achieved is determined by each person’s individual circumstances. In general, there are two types of bankruptcy filings. They are:

  • Chapter 7 or straight bankruptcy, which wipes out most debts except for those you intend to continue paying, such as secured debts like the family home or car.
  • Chapter 13 or wage earner’s bankruptcy in which most debts are consolidated into one payment, a repayment plan is set up to pay back your debts over several year’s time, and a percentage is paid back to most creditors. Secured debts, such as your house and car are still in place and ongoing.

Learn more about your bankruptcy options by contacting us for a free in‑person or online consultation today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Wolff Law Firm, PLLC • 859-757-6448 • Fax 859-757-1248 • 28 West Fifth Street, Covington, KY 41011 • Free Parking