Bankruptcy
Bankruptcy
Bankruptcy could provide the fresh start you are looking for to drastically improve your financial health. We understand how hard it is to admit you need this option. Most of our clients need bankruptcy due to a job loss, divorce, medical issue for themselves or someone in their family, not because they are overspending. Often the reason is outside of your control. Our clients are not lazy or bad people; they have had a bad break somehow in their life and just need some help to get back on track.  

Are you facing foreclosure, repossession, lawsuits, or just can't pay your bills?  

Then bankruptcy may be the option for you. Most people file either a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy.
Chapter 7
Chapter 7 is a much faster option. The goal will be to discharge all your unsecured debt such as credit cards and personal loans that are not tied to your property (like payday loans). The exception to this rule might be taxes you owe for the last 3 years (bit more complicated so talk to your attorney) and student loans. If you want to surrender a car or house because you can't afford it, you would discharge any balance you owe after the creditor sells the property.
Chapter 13

Chapter 13 Bankruptcy is a great option if you are behind on a car or house loan and you need time to help catch up the payments. This could be helpful with owing a large amount of taxes as well. You may have to file Chapter 13 Bankruptcy if you owe child support or maintenance and are behind on payments. Many of my clients filed Chapter 13 as they earn a bit too much money and do have some funds they could pay to creditors. There is no set amount of a Chapter 13 Plan Payment and you will need to discuss your situation with an attorney to know what your payment would be. This can be flexible and change over time if your situation changes.
Why Choose Us?
Our firm has had years of experience in helping people file for bankrutpcy. Our clients receive compassion, practical advice, and patience during this process. We excel in providing value for your representation as we have handouts explaining questions you have, emails that specifically respond to your questions or help you understand what is requried every step of the way. In Chapter 13 case, you will receive copies of everything filed in your case AND explanations on what the filings mean to you. Bankruptcy is full of potholes and we know how to avoid them. You will receive instructions on what NOT TO DO as much as what you need to do to that your case will proceed as smoothly as possible.  

Have more questions, schedule a FREE consultation today! 816-479-2700. Click the link below and we will send you a FREE EBook on Bankruptcy which will answer many of your questions.  
Frequently Asked Questions:
Can I keep my car in Chapter 7 bankruptcy? 
The bottom line is yes, you can keep your car IF (1) you are current on your payments and (2) you have the money in your budget to make the payment after we get rid of the credit card debt.
Can I keep my house in Chapter 7 bankruptcy?
The answer is yes, you can keep your house IF (1) you are not behind on your payment and (2) you can afford the payment after we get rid of the credit card debt.
Do I have to include all my debt in Chapter 7 bankruptcy?
Most people really are not asking the right question. The technical answer is yes, you have to include all your debts. If it is a secured debt such as a car or a house, you can Reaffirm the debt and continue to keep the property and pay the debt. What you cannot do is keep a particular credit card. Certainly, if you owe money to someone and you want to pay them after the bankruptcy, this is up to you. However, they cannot try to collect the debt even if you do make a voluntary payment of part of the amount.  

What do I do if someone is trying to sue me for money I owe them?  
Talk to an attorney! We can help.
Do I have to take a credit counseling course?
You will be required to take a class BEFORE you file your case and one AFTER you file your case. The good news is that you can do most of this online and/ or with a phone call. This cost will be included in your bankrutpcy fee.
Can I discharge my student loans?
 This answer is not a simple yes or no, but most student loan is not dischargeable. You need to talk to the attorney about this question to see how the rules apply to your situation.
Can I discharge the taxes I owe?
This answer is not a simple yes or no. You will be required to pay the last 3 years and some taxes which are older are dischargeable. You will not be required to pay most penalties assessed on your taxes, but you will have to pay interest on the years that are not dischargeable. 
Are there any debts I cannot discharge?
 Yes. Child Support and Maintenance are not dischargeable in bankruptcy. If you were in a car accident and alcohol was involved, ou cannot discharge a Judgment against you for any money you owe to do damages to property or injury to a person. There are other things that may not be dischargeable such as taxes, student loans, judgments, fines assessed at Court, and a few other categories. If you have questions, you should discuss this with your attorney.
Can I get rid of my second mortgage? 
Sometimes you can discharge a second mortgage if you house is worth less than the amount owed on your first mortgage.
Why do people file for bankruptcy? 
42% of people file due to an illness or injury. Of these 42%, 78% of them had health insurance. 22% are due to a job loss. 8% is due to a divorce. 7% is due to a natural disaster. 3.5% are trying to avoid a foreclosure on their home, repossession of their vehicles or to re-establish utility services. The balance of people file due to over spending or poor financial planning. 
How much does bankruptcy cost?
Part of the answer to this question is if you file a Chapter 7 case or a Chapter 13 case. Each case will require payment of a filing fee and payment of the credit counseling courses. Chapter 13 cases have a "no look fee" which means that Judges will approve attorney fees without review as long as they are below a certain amount. Currently, in Kansas City, the fee ranges from $3600-4100 for attorney fees. This will depend on your income and whether it is above or below the average shown by the IRS. Not all of these funds will be due up front and can be paid as part of the Chapter 13 Plan payment. Chapter 7 attorney fees range from $1500 to $2500 for most cases. Your attorney can let you know what your fee will be when you sit down for a consultation.
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