If youâre struggling with unmanageable debt, bankruptcy can be a useful tool to help you get a fresh financial start. The Newport bankruptcy firm of Bonenfant & Mayhew, PLLC, a skilled father-daughter legal team, helps Northern Kentuckians realize a brighter financial future by filing for relief under Chapters 7, 11 and 13 of the United States Bankruptcy Code. With more than 18 years of combined experience, we conduct a thorough debt analysis to help people decide whether bankruptcy offers them the clearest path to financial freedom. We also assist clients in preparing and filing the necessary paperwork to obtain bankruptcy relief, make sure they meet all requirements and deadlines, and represent them at the meeting of creditors (also called the 341 meeting) and any court hearings. While bankruptcy is not the right answer for everyone, it may be the best course of action for you.
As negotiators of debt relief options, we will carefully analyze and evaluate your financial situation to determine the best means for resolving your debt problems, which may or may not be bankruptcy. We examine what you own, what you owe, how much you earn from work or other sources, and what bills you pay each month. We also discuss your financial goals, such as getting out from under credit card or medical debt, saving your home from foreclosure, or keeping your business afloat. In some situations, filing bankruptcy may be the best option to get a clean financial slate. Other times, we may be able to work directly with creditors to find out-of-court solutions, such as debt settlement, debt consolidation or debt forgiveness.
If you decide to file bankruptcy, we will be there every step of the way â from preparing the voluntary petition to making sure the discharge is granted. We represent clients in three types of bankruptcy cases, each having different requirements and purposes:
We can determine your eligibility to file under each chapter and guide you through the entire bankruptcy process. In Chapter 7 cases, we know how to protect your assets to the fullest extent allowed. For Chapter 13 filers, we will help you prepare an affordable repayment plan and get it confirmed by the court. And in Chapter 11 proceedings, we have a strong track record of negotiating with creditors to develop successful restructuring plans that keep businesses operational.
Take the first step toward obtaining a fresh financial start and discuss your debt relief options with Bonenfant & Mayhew, PLLC during a free initial consultation. To schedule a meeting at our Newport law office, please call 859-999-0436 or contact us online.