Contact a qualified Kansas City bankruptcy attorney today!
The changes in the Federal Bankruptcy Code means retaining a Kansas City bankruptcy attorney may now be more critical than ever!
The bankruptcy laws may be especially bad news for low income working class consumers, single mothers, minorities, people who have lost their jobs, or people who have high out-of-pocket medical expenses. These restrictive measures may make it hard for debtors to discharge their debts. Even with an experienced Kansas City bankruptcy attorney, many may be forced into repayment plans under Chapter 13.
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A qualified Kansas City bankruptcy attorney should work with a debtor to determine whether a Chapter 7 or Chapter 13 may be most beneficial to them. In a Chapter 7 case, the court, with the aid of a bankruptcy attorney, should discharge most of the debtor's unsecured debts. The assets beyond allowable exemptions should be liquidated to pay some or all of the debt. Usually most assets are exempt - meaning they may not be liquidated. In a Chapter 13 case, a qualified bankruptcy attorney should help reorganize the debts and, with the help of the trustee, devise a repayment plan. The debtor should make affordable payments each month for a period of three to five years. As long as the debtor continues to make monthly payments, the creditors should not call or threaten the debtor.
For real help individually designed for you
Total Bankruptcy was designed to help consumers learn about their options. In addition to finding information on Chapter 7 and Chapter 13 filings, debtors may get a free, no obligation initial assessment of their financial situation from one of our sponsoring lawyers.
We feel strongly that the bankruptcy laws may pose a serious threat to consumers. Among its provisions is a strict financial means test that may limit the number of debtors who may qualify for Chapter 7 liquidation. In addition, debtors are required to get a certification from a credit counselor to show that they have made considerable efforts to reduce their debt, six months before they could file.
Another provision of the bankruptcy law is that it is easy for a court to dismiss a case outright or to convert a Chapter 7 case to a Chapter 13 case.
Call 1-877-349-1309 or click below for a free and secure online evaluation
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.