The Jay T. Bosken law office can provide clients assistance with Chapter 7 bankruptcy, Chapter 13 bankruptcy, foreclosure and wage garnishments. These bankruptcy services include credit counseling, analysis of your financial situation, and the preparation and filing of the bankruptcy petition. Maximum debt relief can be obtained through the bankruptcy process.

Chapter 7 bankruptcies require a person to pass a "means test" before being qualified to file. To pass the "means test," your income must be below the median income of the state you reside in. If you pass the means test, a Chapter 7 Bankruptcy Lawyer can advise you on the process and start analyzing your financial situation. A Chapter 7 Bankruptcy Lawyer can also examine all your assets to determine if anything is subject to liquidation.

Any property that can be liquidated and sold will be used to pay off the creditors involved in the petition. Jay T. Bosken is an experienced Chapter 7 Bankruptcy Lawyer who can provide his clients with the information they need to make the most informed decision possible to resolve their financial problems.

Chapter 13 bankruptcy allows a person to make payments on the debt he or she has over a period of three to five years. This is a better option for people who don't want to lose any of their assets. As a result of changes to bankruptcy laws in 2005, debts such as child support and alimony are included in the payment plan as well. At the end of the payment period, the remaining debt from the case is discharged.

For people facing foreclosure on their homes, Chapter 13 bankruptcy can help stop the process unless they choose to file Chapter 7 bankruptcy. Homeowners who are behind on their mortgage payments may file a Chapter 13 petition and be given the opportunity to repay the past due payments over the established payment period.

When a person gets to the point where he or she is in danger of a wage garnishment, their financial situation desperately needs attention to prevent it from getting worse. Personal bankruptcy filed through the Covington office of Jay T. Bosken can stop or prevent wage garnishment. Once the bankruptcy petition is filed an automatic stay begins so that creditors will not be able to proceed with wage garnishment against the petitioner.