Do you want to stop the threatening letters and phone calls from aggressive creditors? Do you want credit card debt relief? Do you want to avoid wage garnishment or the threat of foreclosure? Bankruptcy may be the answer for you, and if you live in Olathe, Lenexa, Shawnee, Overland Park, KS or the Kansas City metro area, we encourage you to contact your local bankruptcy attorney at The Law Office of David S. Adams.
An experienced bankruptcy attorney can help you decide if bankruptcy is right for you. The goal is to get you through this bankruptcy in better financial shape than when you came in.
Chapter 7 Bankruptcy: Chapter 7 bankruptcy discharges all unsecured debt. You do not have to pay back any of the unsecured debt, and you will be given a new start on your finances. Dischargeable debt includes credit card debts, debts resulting from medical bills, and some other types of debt. Some debts cannot be discharged, however, such as student loans, tax debt, child support, and court-ordered criminal restitution.
Chapter 13 Bankruptcy: Chapter 13 bankruptcy allows consumers to pay back their debts over a three- to five-year time frame. If you are in danger of losing your house or your car, Chapter 13 may help you avoid repossession and foreclosure. As with Chapter 7 bankruptcy, Chapter 13 bankruptcy does not discharge student loans or child support obligations, but it can help you get a handle on it.
An experienced bankruptcy lawyer will look at your situation and determine the type of bankruptcy for which you qualify. Bankruptcy paperwork can then be filed on your behalf so that you can start rebuilding your credit and your financial future.
Bankruptcy does lower your credit rating. However, many people who are considering filing for bankruptcy already have compromised credit scores. Bankruptcy is a way to eliminate your debt and get back on your feet. Individuals can often qualify for loans as soon as a year after filing.
If you are considering filing for bankruptcy in Kansas, you should be aware of the specific exemptions that apply in this state. These exemptions include:
The decision to file for bankruptcy is important. To speak with an experienced bankruptcy attorney in Olathe, Shawnee, Lenexa, Overland Park, Mission, KS or the Kansas City metro area, contact The Law Office of David S. Adams today.