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When filing Chapter 7 bankruptcy, Kentucky law determines the value
of exempt property and permissible categories that may be claimed. In
most cases, the Kentucky bankruptcy exemptions provide only a modest
security blanket designed to for survival when discharging debts. After bankruptcy, Kentucky
laws permit each person to retain their exempt personal property
possessions. Also remain aware that when discussing legal issues with a bankruptcy lawyer
or bankruptcy law firm, Kentucky courts require disclosure of all
attorney fees paid over the course of the one year period before filing
Chapter 7. When retaining a bankruptcy attorney, Kentucky State Bar
rules require full disclosure of all fees and the basis for calculation
of potential that may become necessary for appearing before Kentucky courts.
See also: Kentucky Homestead Exemption.
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