Thomas R. Kerr

Kentucky Bankruptcy Lawyer

If you are having financial problems in Covington, KY, a bankruptcy attorney can help to guide you through the complicated legal process of filing for bankruptcy. If you are considering this option, you need a professional, experienced lawyer who can help you make the important financial decisions that will potentially shape your future. For over 25 years, Thomas R. Kerr has been assisting people facing the possibility of going bankrupt in Kentucky. He can provide you with the guidance and legal representation that you need.

If you are facing a mountain of debt, or you can no longer pay your bills, we can help you. There are a variety of reasons that people all over the country are having financial difficulties, especially in today’s economic climate. It may be divorce, layoffs, or lack of proper medical care. Whatever your reason may be, attorney Thomas R. Kerr can provide you with the expert knowledge you need to make informed decisions about your financial future.

When you are facing an impossible amount of debt and considering filing for bankruptcy, you need a talented lawyer to guide you through the process. The Covington, KY bankruptcy attorney Thomas R. Kerr can help you. Call us for your consultation today.

A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one's creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.

Chapter 7, or liquidation bankruptcy, means that your "estate" - i.e., your assets - is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors' needs are assessed.

Reorganization bankruptcies can be filed under the following guidelines:

• Chapter 9 - municipalities
• Chapter 11 - businesses and individuals with maKY assets
• Chapter 12 - farmers, fisherman
• Chapter 13 - individuals with steady income
• Chapter 15 - international cases