Bankruptcy Legal Services at Monohan & Monohan

At Monohan & Monohan, we understand that financial challenges can feel overwhelming. If you’re facing insurmountable debt, know that you’re not alone.

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Our experienced team is here to guide you through the complexities of bankruptcy, providing the support and expertise you need to regain control of your financial future in both Kentucky and Ohio.

Types of Bankruptcy We Assist With

We specialize in two primary types of bankruptcy filings in Kentucky and Ohio:

Chapter 7 Bankruptcy:

Often referred to as “liquidation bankruptcy,” Chapter 7 is designed for individuals who cannot repay their debts. It allows you to discharge most of your unsecured debts, such as credit card debt and medical bills, giving you a fresh start. Our team will help you determine if you qualify for Chapter 7 and guide you through the entire process with compassion and efficiency.

Chapter 13 Bankruptcy:

Known as “reorganization bankruptcy,” Chapter 13 is ideal for individuals with a regular income who can repay their debts over time. This option allows you to keep your property and create a manageable repayment plan over three to five years. We’ll work with you to develop a plan that fits your budget and helps you stay on track.

You’re Not Alone – We’re Here to Help

Facing bankruptcy can be a daunting and emotional experience. At Monohan & Monohan, we want you to know that there is hope and a path forward. Our dedicated attorneys will stand by your side, offering personalized solutions tailored to your unique situation. We believe in treating our clients with the utmost respect and understanding, ensuring you feel supported every step of the way.

Frequently Asked Questions

Chapter 7 allows for the discharge of most unsecured debts, offering a fresh start, while Chapter 13 involves a repayment plan over several years, enabling you to retain your property.

Eligibility for Chapter 7 or Chapter 13 bankruptcy depends on various factors, including your income, expenses, and the types of debt you have. Our team can help you determine the best option for your situation.

Chapter 13 allows you to keep your home as long as you stay current with your repayment plan. Chapter 7 may also let you keep your home, depending on your equity and state’s exemption laws.

The timeline varies: Chapter 7 typically takes 4-6 months, while Chapter 13 repayment plans last 3-5 years. We’ll provide a detailed timeline during your consultation.

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Take the First Step – Contact Us Today

Don’t face your financial challenges alone. Reach out to Monohan & Monohan for a free consultation and let us help you explore your options. Our compassionate team is ready to provide the guidance and support you need to move forward with confidence.  Call us today to schedule your appointment and take the first step toward a brighter financial future.