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Don't Let Debt Have an Extreme Hold on Your Life Bankruptcy is not the right answer for everyone, but it could be right for you.

Debunking Common Bankruptcy Myths in Kansas

Common Misconceptions About Bankruptcy

The statements below are only some of the myths that are rampant in Kansas about bankruptcy. If you are a Kansas resident considering bankruptcy but are concerned about something you have heard, you are urged to contact a bankruptcy lawyer in Kansas.

Myths about bankruptcy include:

  • Bankruptcy is no longer available - Under the recent bankruptcy law changes, bankruptcy was made somewhat more complicated but it is still there. Your bankruptcy attorney can guide you through it.
  • You can get rid of all of your debts - Certain debts such as student loans or debts incurred due to fraud cannot be extinguished in Bankruptcy Chapter 7.
  • You lose all of your property when you file bankruptcy - This is not true. When filing Chapter 7, you may keep all property exempt from execution including your house, car up to $20,000 in value, furniture, appliances, clothing and more.
  • You are a bad person by filing bankruptcy - Most bankruptcies result because of things which a person could not easily avoid including medical emergencies, job loss or divorce.
  • You cannot keep your property when filing bankruptcy - When filing for Chapter 7 to extinguish your debts, you give up only non-exempt property. When filing for Chapter 13, you may keep all of your property as you propose a plan to pay back your debts. Meanwhile you receive full bankruptcy protection from lawsuits and wage garnishments.
  • When you file for bankruptcy, you will not be able to get credit - False! After completing bankruptcy, you now have no debts and so credit companies will now consider you for loans where previously they would not.
  • You cannot get rid of credit card debt or medical bills in bankruptcy - Yes, you may.
  • You cannot get bankruptcy if you have a job - False! If your disposable income is below a certain limit you may qualify for Chapter 7 regardless of having a job. If your disposable income is too high, you may still file under Chapter 13.

Get Answers from a Kansas Bankruptcy Attorney

At the Kansas Bankruptcy Center we stand ready to answer your questions by phone about bankruptcy. We service the entire state of Kansas and you do not have to come into our office for a consultation.

Navigating Bankruptcy in Wichita, Kansas

Filing for bankruptcy in Wichita, Kansas, can be a daunting process, but it doesn't have to be. As a resident of Wichita, you have access to numerous local resources and government entities that can provide support and information. The Kansas State Government and the Sedgwick County Government offer valuable resources for individuals considering bankruptcy.

One of the common pain points for Wichita residents is the fear of losing their homes or vehicles. However, Kansas law provides exemptions that protect essential property. For instance, you can keep your home, car (up to $20,000 in value), and other necessary items like furniture and clothing when you file for Chapter 7 bankruptcy. This means you can get a fresh start without losing everything you own.

At the Kansas Bankruptcy Center, we understand the unique challenges faced by Wichita residents. Our team is dedicated to providing personalized guidance and support to help you navigate the bankruptcy process. Whether you're dealing with overwhelming credit card debt, medical bills, or other financial burdens, we're here to help you find the best solution for your situation.

Contact our Bankruptcy Lawyer in Wichita, Kansas for competent answers to your bankruptcy concerns.

Commonly Asked Questions

What are the benefits of filing for bankruptcy in Kansas?

Filing for bankruptcy in Kansas offers several benefits, including the ability to eliminate unsecured debts like credit card bills and medical expenses. It provides a fresh financial start, allowing individuals to regain control over their finances. Additionally, Kansas law includes exemptions that protect essential assets, such as your home and vehicle, ensuring that you can maintain a stable living situation while addressing your debts.

How does the bankruptcy process work in Wichita, Kansas?

The process typically begins with a consultation with a bankruptcy attorney who can assess your financial situation and recommend the best course of action. After deciding to file, you will need to complete a series of forms detailing your debts, assets, income, and expenses. Once filed, an automatic stay goes into effect, halting most collection actions against you. Depending on whether you file for Chapter 7 or Chapter 13 bankruptcy, the process will vary, but both options provide a structured way to address your financial challenges while protecting your essential assets.

How can a bankruptcy attorney in Kansas assist me during the filing process?

A bankruptcy attorney in Kansas plays a vital role in guiding you through the filing process. They will help you understand your options, prepare the necessary paperwork, and ensure that you comply with all legal requirements. An attorney can also provide valuable advice on which type of bankruptcy to file, whether Chapter 7 or Chapter 13, based on your financial situation. Additionally, they can represent you in court and communicate with creditors on your behalf, making the process smoother and less stressful.