There are many reasons why individuals in Kentucky and elsewhere take on debts. This could be for an education, to buy a car, purchasing a home or even accumulating credit card debt. In many cases, these debts are manageable and rather normal. However, when individuals and families take on more than they can handle or suffer financial challenges, these debts can become extremely overwhelming. It can become so significant that debt relief options become the only way one will be able to obtain a fresh financial start.

Filing for bankruptcy is a serious and emotional decision to make. It is also one that individuals shouldn’t make without knowledge and information of the process. At Marcus H. Herbert & Associates, our attorneys understand that the process can be overwhelming. However, we stand by our clients’ sides, letting them know that they are not in this alone.

A Chapter 7 bankruptcy can be very suitable for individuals overwhelmed by debt. If eliminating debt is the ultimate goal, this type of bankruptcy may be the best option. In most cases, this can address credit card debts, medical bills, deficiencies on auto loans or mortgages and other similar debts. It should be noted that not all forms of debt can be discharged, such as child support, taxes and student loans. However, it is often the best option for those seeking to eliminate much of their debt.

To learn more, check out our law firm’s Chapter 7 website. Obtaining a fresh start and securing an optimal financial future is ideal. It is important to obtain the information, resources and tools to help you achieve this goal and protect your rights and interests.