Individuals who have found themselves in the position of being unable to keep up with their financial obligations may want to consider filing for bankruptcy. We understand how stressful it can be to no longer have the means necessary to pay your debts and fulfill your financial obligations. You may have debt collectors harassing you for payment, creditors filing lawsuits against you in an effort to garnish your wages or put a lien on your home, or your mortgage company may be threatening you with foreclosure.
Before you begin the bankruptcy process, we recommend you take the time to take a number of factors into consideration, particularly due as not all debt can be discharged through bankruptcy. Any debt which is unable to be discharged will remain your legal and financial responsibility until it can be paid off in full. Credit card debt and the majority of unsecured debt is eligible for discharge through a Chapter 7 bankruptcy. The types of debt not usually eligible for discharge include student loans, child support, alimony or spousal maintenance, taxes, court fines and fees, as well secured debts like mortgages and car loans. Chapter 13 does allow for the restructure of such debt and, in certain circumstances, could lower the total amount you will pay in the end signficantly.
If you are wondering whether bankruptcy may be right for you, a lawyer from our firm is available to review your finances, advise you of your legal options and help you make the determination on how to move forward. Our firm represents clients throughout the state of Kansas. We understand the benefits available through bankruptcy and we do everything we can to simplify the bankruptcy process so those in need can avail themselves of this debt resolution option. We even give clients the ability to file for bankruptcy from the comfort of their own homes. Contact a Kansas bankruptcy lawyer at Rick Hodge, Attorney at Law, L.C. immediately so we can help you determine if bankruptcy is right for you.