Here’s How to File Bankruptcy in Kansas

How to File Bankruptcy in Kansas

Filing for bankruptcy can be scary and confusing for most people. However, it doesn’t have to be that way. 

All states have slightly different rules and regulations to follow for a variety of subjects, and bankruptcy is one of them. For this reason, you don’t need to know about bankruptcy in general, but rather how to file bankruptcy in Kansas specifically. Kentner Watt Attorneys at Law is here to help you every step of the way!

How Bankruptcy Works in Kansas

Most people file either Chapter 7 or Chapter 13. If you don’t know the differences between the two, here’s a quick breakdown:

Chapter 7

This form of bankruptcy is quick and cheap. It only takes a few months to complete, and you don’t pay anything to creditors. It works well for people whose property consists of the essential items needed to live and work. The bad news is that there’s no repayment plan. You often lose what you owe on, including your house and car. Those with more assets could lose them, especially if they own unnecessary luxury items.

Chapter 13

In this option, filers must pay creditors some or all of what they owe using a three- to a five-year repayment plan. It offers benefits not available in Chapter 7. For instance, not only do you keep all of your property, but you can save your home and car from being taken from you. If you need time to repay a debt you can’t discharge in bankruptcy, you can use this chapter to force a creditor into a payment plan. The biggest downside is that it can be expensive, and many people in the position of needing to file for bankruptcy can’t afford the monthly payment.

How to File Bankruptcy in Kansas

Bankruptcy wipes out many bills, like credit card balances, overdue utility payments, medical bills, personal loans, and even a mortgage and car payment if you’re willing to give up the house or car that secures the debt.

A simple bankruptcy checklist is as follows:

  • Learn whether Chapter 7 or 13 is right for you
  • Check whether bankruptcy will erase debt
  • Find out if you can keep the property
  • Determine whether you qualify
  • Hire a bankruptcy lawyer
  • Stop paying qualifying debts
  • Gather necessary financial documents
  • Take a credit counseling course
  • Fill out and file paperwork
  • Turn over financial documents
  • Attend the 341 creditor’s meeting
  • Attend the confirmation hearing and make plan payments (Chapter 13 only)
  • File a debtor’s education course certificate
  • Receive your debt discharge

This may seem like a lost list, but diligently checking off each and every section is well worth it. You’ve already done numbers one and two!

Choosing a Kansas Bankruptcy Lawyer

Wondering how to file for bankruptcy in Kansas is only the first step. Sometimes, people who are in over their heads financially don’t file for bankruptcy because they worry about how they’ll be able to afford a bankruptcy lawyer. We want to alleviate these fears for you!

As your Kansas City bankruptcy lawyers, our goal is to facilitate your bankruptcy process, so it’s as efficient and easy as possible. You can become debt-free again with a legal team here to support you!