Kansas Bankruptcy Lawyers and Law Firms Near You

Bankruptcy has been wrongly stigmatized by society as a tell-tale sign of financial irresponsibility and failure.  However, filing for bankruptcy is actually all about achieving financial freedom when you have been overburdened with debts that you are struggling to pay back.

Bankruptcy is a tool which you can use in order to regain control of your life, your finances, and may even be able to stop legal proceedings against you such as bank foreclosure.

This is a complex manner. There are many contingencies. You have your own life and job to think about. It is unwise to believe you can become a temporary legal counselor. You have to know when to ask for help. And that time is now. USAttorneys.com has the legal pros for you. Click and call!

However, there are several different types of bankruptcy.

The different types of bankruptcy and what is best for you

In Kansas, there are different types of bankruptcy filings allowed depending on the particulars of the circumstances.

  • Chapter 7 bankruptcy – Chapter 7 bankruptcy is known as fresh start bankruptcy. As the name suggests, you will basically get a second chance at your financial life if you able to successfully file for chapter 7 bankruptcy. Courtesy of a chapter 7 bankruptcy, loans and debts such as credit card debts, prior tax debts, personal loans, etc. can all be wiped clean and you don’t have to pay them back.
    • However, not everyone is eligible for Chapter 7 bankruptcy. Chapter 7 bankruptcy is meant for individuals who are low wage earners or those who have no source of steady income and therefore have no resources to pay off their loans.
  • Chapter 13 bankruptcy – For those that have a steady income, it is not likely that they will qualify for chapter 7 bankruptcy. Since they do have some means of being able to pay the loan back, they cannot qualify for chapter 7, instead they can file for chapter 13 bankruptcy.
    • Chapter 13 bankruptcy is a restructure bankruptcy where you get to negotiate with the creditor and work out a repayment plan which is easier for you to bear. This usually works out as smaller installments for a longer period which is more sustainable.
  • Chapter 11 bankruptcy – Chapter 11 bankruptcy is meant mostly for businesses and companies. When a company is no longer able to pay their employees or their taxes, then they should file for chapter 11 bankruptcy. Chapter 11 bankruptcy basically will allow the company and its board members to reorganize and come up with an effective plan to keep the ship sailing.
  • Chapter 12 bankruptcy – Chapter 12 bankruptcy is similar to chapter 13 bankruptcy in the sense that it allows for the borrower and the creditor to find some middle ground in terms of payment plans. However, the difference is that Chapter 12 bankruptcy is meant exclusively for farmers and fishermen who are offered certain additional benefits.

Get legal counseling today!

With the right legal assistance, your financial woes may become a thing of the past. You are already at the right place. At USAttorneys.com, you will find a valuable list of bankruptcy lawyers in Kansas who can help. All you need is to use the interactive map of Kansas or search the local lawyers’ directory on our home page to gain access to the contact details of legal experts in your area.

If you have any questions, you can reach out to us via the live chat form or our contact page where you can send us your information. We will call you back shortly and help you in this time of crisis. Your case is our case!

We have a legal representative that can help you get back on your feet. Let’s get that professional on your case today. Let’s set up that first meeting. Let’s tackle this problem before it gets worse!


Pin It on Pinterest