Bankruptcy Legal Services at Monohan & Monohan

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

Our experienced bankruptcy attorneys are here to guide you through the complexities of the process. We provide the support and expertise you need to regain control of your financial future. Located in Florence, KY, we serve both Ohio and Kentucky, and we offer free consultations to those exploring the bankruptcy process. Contact us to get started.

couple embracing and calculating the bills

Types of Bankruptcy We Assist With

We specialize in two primary types of bankruptcy filings, Chapter 7 and Chapter 13. Learn more about the two types of bankruptcy below.

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.

Key features of Chapter 7 bankruptcy:

  • Eliminates most unsecured debts, such as credit cards, personal loans, and medical bills
  • Fast relief, with most cases completed in 4-6 months
  • No repayment plan required
  • Income-based qualification determined by the “means test”
  • Ideal for individuals with limited income and few assets

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.

Key features of Chapter 13 bankruptcy:

  • Repayment plan over 3-5 years
  • Lets you keep your home, as long as you stay current with your repayment plan
  • Protects non-exempt property from liquidation, such as vehicles and valuable personal assets
  • Ideal for those who don’t qualify for Chapter 7 or want to protect significant assets
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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 bankruptcy attorneys will stand by your side, offering personalized solutions for your unique situation. We believe in treating our clients with respect and understanding, so you feel supported every step of the way.

We’re committed to helping individuals and families regain financial stability, through compassionate and comprehensive legal assistance.
Contact us for more information or to schedule a free consultation.

Frequently Asked Questions

Chapter 7 allows for the discharge of most unsecured debts, offering a fresh start. Meanwhile, Chapter 13 involves a repayment plan over several years, enabling you to retain your property. Learn more in our blog post, What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

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. Find more information in our blog post, Can I File Bankruptcy and Keep My House?

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.

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.

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