Interesting article on the resurgence of bankruptcy in Kansas City, dated Sep. 06, 2006
Legal Helpers' Kansas City bankruptcy attorneys can help you keep your home from foreclosure and your car from being repossessed. When you owe more than your paycheck can cover, the Kansas City bankruptcy attorneys of Legal Helpers can help you protect what you have, consolidate your debts, begin to reestablish your credit and regain your future.
Legal Helpers Kansas City bankruptcy attorneys - experienced in both Chapter 7 and Chapter 13
Fill out our Free Bankruptcy Evaluation Form With their extensive knowledge in all aspects of consumer debt consolidation including Chapter 13 and Chapter 7, the bankruptcy attorneys of Legal Helpers will be able to analyze your individual situation, provide a solution to your financial problems and quote you an accurate estimate of the charges, without obligation. Whether you are trying to stop creditor harassment, eliminate repossession debts, stop garnishments or end lawsuit suspension, Legal Helpers' bankruptcy attorneys can provide the experienced help you need.
Our bankruptcy attorneys provide the aggressive representation and understanding of the bankruptcy laws that has earned Legal Helpers a national reputation for excellence.
If you have low income and lot of unsecured credit card and/or medical debt and no significant equity in your property then a Chapter 7 bankruptcy may be the most appropriate protection. In Chapter 7 bankruptcy you may continue to pay a mortgage or car loan and keep the house or car by signing a "reaffirmation agreement" which makes it as though you did not file bankruptcy on that particular loan. Chapter 7 also gives you an option to redeem a vehicle by paying the secured creditor the value of the collateral in exchange for a release by the creditor of their lien.
If you are behind on payments for a secured loan or if you simply can't afford the monthly payments, then our lawyers know that a Chapter 13 would be the most appropriate protection. A major benefit of Chapter 13 is that it allows you to lower the amount that you owe on some secured debts. A Chapter 13 also can reduce the interest that you have to pay on a secured loan other than a mortgage.
While Chapter 13 is an interest-free debt repayment plan through which you consolidate your debts, you must be working or have a consistent source of income for your repayment plan to be approved. You must be able to pay for your monthly living expenses and be able to make a payment to the court to consolidate your debts.
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