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Chapter 7 Bankruptcy

So what is Chapter 7 bankruptcy? Chapter 7 bankruptcy is often referred to as a liquidation bankruptcy. In a liquidation bankruptcy you keep only essential items that are necessary for you to maintain your standard of living. With that being said in Kansas most items you have are exempt property and you will not lose those with a Chapter 7 bankruptcy. Chapter 7 bankruptcy begins with the following of a petition, one court appearance and the remainder of the process is handled by your attorney. Chapter 7 bankruptcy is the least expensive of all of your options it is also the quickest of all of the bankruptcy proceedings. Contact my office today so that we may give you a free case evaluation and determine if Chapter 7 bankruptcy is right for you or if another financial matter will resolve your distress.

Rick Hodge explains Chapter 7 bankruptcy.

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