Discharging Your Debt in Kansas
How the Bankruptcy Law Helps You
The Bankruptcy Law helps you to discharge your debt that has become too burdensome for you to handle. You may only do this however only every eight years and not all debts are dischargeable. There are also limits on your disposable income as to whether you may do this. As bankruptcy is a precise action, you are urged to have the professional assistance of a bankruptcy lawyer in Kansas to file your petition.
What Debts are Dischargeable?
Credit card debt and most unsecured debt are dischargeable through Chapter 7 of the Bankruptcy law. Child support, maintenance, taxes, fines, debts due to fraudulent activity and student loans generally are not. If you have a secured debt such as your mortgage or car loan, you will lose your house or car if you stop paying. The good news is that even if your debt is non-dischargeable such as with a student loan, it is possible for you to obtain help through Chapter 13 to restructure your payment plan and also lower the total amount you may pay.
The Means Test
To discharge your debts through Chapter 7, you must pass what is called the "means test." This is a test to prevent people with large incomes from avoiding paying their debts. If you make less than the average median income of the state you pass the means test. If you make more, you may still pass the test if you have large expenses. Your attorney can help you figure out if you pass the means test. Even if you fail the means test, you may still get bankruptcy help through Chapter 13.
We of the Rick Hodge law firm serve the entire state of Kansas. We focus on consumer bankruptcy and would be pleased to confer with you by phone about discharging your debts. We are among the only law firms in the state that are prepared to help you file your bankruptcy petition without your coming into our office. The only time you will need to leave your home is to appear at a meeting of creditors in Wichita a few weeks after the bankruptcy filing.
Contact the Kansas Bankruptcy Lawyer at the firm for help with
Discharging Your Debt