Debt Relief for Individuals and Businesses
In the current economy, many people are struggling to make ends meet. Mortgage payments, hospital bills, the loss of a job, or even the cost of a divorce are enough to put a financially stable person into debt. Whether you are facing wage garnishment, foreclosure, repossession or the threat of closing your business, an experienced bankruptcy attorney can help you find the debt relief you need to need to regain control of your finances.
The Law Offices of Michael J. Studtmann has over 25 years of experience representing businesses and individuals in Chapter 7 and Chapter 13 bankruptcy. From the firm’s office in Wichita, attorney Michael Studtmann represents clients throughout Sedgwick County, Kansas.
Understanding Bankruptcy Options
If you are filing for bankruptcy, The Law Offices of Michael J. Studtmann, P.A., can help you determine what chapter is most appropriate for your situation. The firm helps individuals and businesses find the debt relief they need through bankruptcy:
- Chapter 7 bankruptcy is ideal for people who cannot pay their debt and do not think they will be able to pay it in the future. In the bankruptcy process, the debtors non exempt assets are liquidated (or sold) to cancel the debt. At the end of the process, all qualifying dents are canceled.
- Chapter 13 bankruptcy is a great solution for people who cannot afford their debt today but think they will be able to repay it over time. When you file for Chapter 13 bankruptcy, an attorney will help you reorganize your debt. You will be expected to make payments over a period of three to five years, and any debt remaining at the end will be discharged.
If you owe Kansas state taxes, the state can and will garnish 100% of your wages. Filing for bankruptcy will stop that. Using debt negotiation and bankruptcy, we help clients resolve problems with payday loans, title loans and adversary proceedings.
Dedicated to Educating Clients About the Bankruptcy Process
Unlike other bankruptcy firms, The Law Offices of Michael J. Studtmann, P.A., is committed to educating clients about the legal process. When you have a good understanding of options available and the ramifications of each, you will be able to make informed decisions about your situation.
We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.