Are you considering filing bankruptcy? The Kansas City Bankruptcy attorneys at The Dickerson Law Firm represent individuals filing bankruptcy in Kansas and Missouri. While bankruptcy can have negative effects on your credit, for some individuals, it is the best option for a fresh start. One common misconception we hear is that Bankruptcy is the worst thing that can happen to a person. This is not true. The Bankruptcy laws were created to give people a fresh start for their financial lives. While the credit impacts are not ideal, Bankruptcy can put a halt to debt collection, foreclosure, and can put individuals in a position to have debt “discharged” (cancelled or forgiven) or rearranged into manageable payments. There are two common forms of bankruptcy that individuals file for, Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. Depending on the type of bankruptcy that you file, you can wipe some debts completely clean or you can arrange payment plans to pay off debts in a cost effective and timely manner. Our attorneys are familiar with the bankruptcy, and can guide you through the complicated process in order to meet your financial goals. Our lawyers are familiar with the Bankruptcy process, and can help you acheive your financial goals. Whether it is having your debt forgiven, or having it restructured so you can make payments, our lawyers can help you file Bankruptcy in the manner which best pursues your interest. Contact us for a free initial consultation.
Chapter 7 Bankruptcy
In Chapter 7 Bankruptcy, dischargeable debts are discharged (cancelled or forgiven). Not all debts are dischargeable. A couple common examples of debts that are not dischargeable are student loan debt or past due child support obligations. The bankruptcy trustee may also take property and liquidate it to pay any creditors. In a great deal of bankruptcy Chapter 7 cases, the bankruptcy trustee is not able to take any of the individual’s property, and most of the debts are discharged Our Kansas City Bankruptcy Attorneys can help guide you through this process and assure that the rights are protected. Contact us for a free initial consultation.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy involved reorganizing debts in order to make them payable over a longer period of time. This can make debts that are currently insurmountable, manageable, by spreading the payments out in a plan for payment that is confirmed with the Bankruptcy court. As with any Bankruptcy, this still will have an affect on the individual’s credit rating, but it can provide the piece of mind of having your debts paid and not losing valuable property. Chapter 13 Bankruptcy can help you keep property like a car, or a house, by making the payments manageable. Our Kansas City Bankruptcy attorneys can help guide you through this process, and find ways to help assist you in paying these debts. Contact us for a free initial consultation.
