Wichita Chapter 7 And 13 Lawyer
Bankruptcy can be a powerful form of debt relief for those facing overwhelming debt. However, it is critical to understand the ramifications of bankruptcy before embarking on it. When considering such an important decision, it is wise to first seek professional legal guidance.
The Law Offices of Michael J. Studtmann, P.A., provides experienced representation for individuals pursuing consumer bankruptcy. We believe that clients should have a full and accurate picture of what to expect during and after bankruptcy. We make every effort to ensure that our clients are fully informed at the outset and throughout the process.
Our firm has developed a streamlined process to help clients navigate bankruptcy in a smooth and swift manner.
Chapter 7 Bankruptcy
For many consumers, Chapter 7 bankruptcy is the fastest and easiest way to discharge — that is, permanently eliminate — most types of unsecured debt such as credit card debt and medical bills. Chapter 7 can be completed in as little as three to four months. In Chapter 7, you will still be able to keep most or all of the property you own (up to a certain value), including your:
- Personal property
- Retirement benefits
- Life insurance benefits
- Disability benefits
However, to qualify for Chapter 7 bankruptcy, you must satisfy a complicated formula called a means test. Our lawyer can walk you through that test and determine whether you qualify.
Chapter 13 Bankruptcy
For those who cannot satisfy the means test — for example because their income is too high — or for those who are facing foreclosure or underwater mortgages, Chapter 13 bankruptcy may be a more beneficial option. In Chapter 13, you will develop a payment plan for partially repaying your debt over a three- to five-year period. Any qualifying debt still remaining at the end of the payment plan will be effectively erased.
Advantages Of Bankruptcy
Both Chapter 7 and Chapter 13 bankruptcy offer a number of immediate advantages. For example, as soon as you file bankruptcy, you will no longer be subjected to creditor harassment. Any pending repossession efforts, wage garnishment and foreclosure proceedings will immediately halt.
Bankruptcy can help you achieve a clean slate and a fresh start for rebuilding your financial future.
Contact Our Western Kansas Bankruptcy Attorney · Serving Dodge City, Hays And Surrounding Areas
Take the first step toward obtaining a fresh start by contacting our firm to arrange a free initial consultation. Call 316-854-2037 or toll free 888-761-7087. Based in Wichita, our Chapter 7 bankruptcy attorney serves clients throughout western and central Kansas. We offer Internet conferencing appointments, and payment plans are available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.