While bankruptcy is not something people want to happen, it can be incredibly helpful when you need it. While many fear the stigma attached to bankruptcy filings, the truth is that you are not alone. Missouri takes a high place on the list of highest bankruptcy filings in the nation, coming in at 14th this year. The numbers may seem astonishing. 14,489 bankruptcy filings have gone through as of September of 2015. Kansas City bankruptcy lawyers have had an astonishingly busy year helping people pick up the pieces, and move on to a better life. When people file for bankruptcy, they are at the end of their rope. Those numbers represent tens of thousands of individuals and businesses who were able to start over in some way when they really needed it. There are a variety of bankruptcy types that you can file under. When Missouri residents need a Kansas City bankruptcy lawyers, they have access to the best. With professional help you can find out what is best for your specific situation, and be on your way to a new start. No two cases are exactly alike. But statistics reveal some trends in Missouri filings this year. Of the 14,489 bankruptcy filings completed just in September of 2015, 9,906 or 69% were chapter 7’s. A chapter 7 can be filed by either an individual or a business, and applies to most kinds of debts. Any assets that can be sold for money are, and that money is given to a trustee who then pays creditors. Once that has been done the remainder of the debts are cancelled, and creditors can no longer ask for anymore payment. After chapter 7’s, chapter 13’s make up the most filings. Of all those filed, 4,537 bankruptcies were chapter 13. That makes a total of 31% of all bankruptcies filed in Missouri. This type of bankruptcy allows people to get on some type of payment schedule while avoiding continual interest buildups. This can last anywhere from three to five years. You pay anywhere from 10% to 100% of what you originally owed to creditors. This amount is determined by your annual income, debt amount and the type of debt you have. The economy is still recovering from the 2007 recession, and this year saw more growth than in previous years. Accordingly there were less bankruptcies this year than last year. By this time last year, there were a full 9% bankruptcies filed by Kansas City bankruptcy attorneys. These numbers resulted in a total of 3.23 bankruptcy filings per capita by September 2015. Out of all the other states in America, Missouri was the 14th highest bankruptcy filer. Regardless of what the economy is doing, bankruptcy lawyers in Missouri are there when you need it. The causes of bankruptcy are many. But no matter what got you to your current financial predicament, a bankruptcy lawyer can help you find your way again. Instead of trying to solve your debt crisis on your own, talk with an attorney today. You’ll be glad you did.