Kansas City Bankruptcy Attorneys

A Fresh Financial Start Is in Your Future - Call (913) 203-4786

In today’s economic climate, more and more people are turning to bankruptcy for financial relief. Like them, you may find that your credit card debt, unpaid medical bills, overdue payday loans, or other types of debt have quickly spiraled out of control. Dealing with the problem sooner rather than later can eliminate your stress and prevent larger problems in the future.

We Can Set You up for Financial Success

  • You'll Get the 1 on 1 Attention Your Case Deserves
  • We'll Always Answer Your Questions & Return Your Phone Calls
  • We've Handled 1,000s of Bankruptcy Cases
  • Offices in Gladstone, Independence, St. Joseph, Emporia & Lenexa

Patton Knipp Dean, LLC can provide you with a FREE, no-obligation consultation to discuss your situation and determine whether filing bankruptcy is the right option for you. Call (913) 203-4786 today!

What Is Bankruptcy?

If you face mounting financial challenges and feel as though you will never be able to get on top of your current financial situation, consult with an experienced bankruptcy attorney at Patton Knipp Dean, LLC. You do not have to continue on in the cycle of being frustrated and overwhelmed, and we can help you understand your options.

It is natural for you to wonder about the implications of filing for bankruptcy. Filing for Chapter 7 or Chapter 13 bankruptcy may make you eligible for a number of benefits, depending on the kind of relief you seek. For example, you may be eligible to have all phone calls and bill collections discontinued and interest charges on credit cards stopped—immediately.

Why We Offer “The Complete Bankruptcy”

At Patton Knipp Dean, LLC, we take a unique approach to bankruptcy. Our Complete Bankruptcy model is based on the reality that bankruptcy is a process, not just a court case. We will stand by you through all stages of that process — from weighing your options and preparing to file to addressing the issues that may arise, such as credit repair. Few other lawyers offer this level of comprehensive guidance.

Our goal is to help people get back on track following financial difficulties.

Why Consider Bankruptcy?

While some people think of bankruptcy as a last resort, it is actually more of a new beginning for those in dire financial situations. Bankruptcy is like a breath of fresh air. Its many benefits can work to your advantage. For example, bankruptcy will give you the time you need to sort through financial priorities and straighten out your financial future — without the pressure of collection lawsuits, wage garnishment, and other stifling collection efforts.

For many Americans, pursuing Chapter 7 or Chapter 13 bankruptcy is the first step toward a more stable financial future. There is no shame in taking advantage of the protections available to you under federal bankruptcy law.

How Will Filing for Bankruptcy Affect my Credit?

It's important to realize upfront that bankruptcy will affect your credit, especially in the short term. Yet by managing the process well from the beginning and setting some realistic expectations, you can take steps on a path to restoring and even improving your credit in the long term. It's also important to realize that doing nothing and repeating past mistakes will leave you and your credit in even worse shape over the long term. Bankruptcy can be a time to rebuild and is a perfect time to learn from those past mistakes.

Impact to Credit Score

When you file for bankruptcy, your case is reflected in the public record section of your credit report. Chapter 13 remains in the public record section for seven years, Chapter 7 for ten years. As time passes, it will hurt less. However, initially, your credit score will take a hit. There is no standard amount that your credit score will drop. It will depend on many factors: the status of your credit prior to the bankruptcy, the amount of the debts covered by your bankruptcy filing, and the number of accounts included in your bankruptcy.

Which is Better, Chapter 13 or Chapter 7?

Generally, the specific type of bankruptcy you're entering — Chapter 7 vs. Chapter 13 — will not factor into a reduced credit score: BOTH will cause it to go down. However, down the road, a potential lender or creditor may take note of which type of bankruptcy filing you used and how the process played out. In this case, a person who entered Chapter 13 bankruptcy and successfully repaid debts under a payment plan may appear as less of a risk than a Chapter 7 filer whose debts were wiped out.

Early Benefits

There are many factors a lender uses to determine whether or not to lend you money. The more recent one has a derogatory mark (delinquent payment) on their report, the more unlikely they are to receive. One immediate benefit to your credit history is that upon the filing of a bankruptcy, each individual credit account, called tradelines, must cease negative reporting. This puts a stop to the ongoing damage created by the continued reporting of delinquent accounts. Further, your balances and past due amounts should be zeroed out. While your credit score will suffer initially, both your credit history and debt ratio will improve.

Recovery Strategies & Credit Repair

While bankruptcy may cause a disruption in your personal finances and limit some of your short-term options, it's important to recognize that opportunities also exist for you to begin repairing your credit and putting yourself in a better financial footing.

For credit accounts that are not part of a bankruptcy filing, continuing to make on-time payments and maintaining low balances (usually 25% or less of the available balance) will keep those accounts in good standing and avoid further damage to your credit score. These accounts may include store credit cards or even gas station card accounts.

For those in Chapter 13 bankruptcy, making on-time payments to your payment plan is critical to your success in the bankruptcy process. It will reduce your overall debts and indicate to creditors and lenders that you are working to correct your past mistakes.

Work Directly with Our Attorneys

Our firm is here to educate and empower you so that your rights are respected and enforced. Patton, Knipp & Dean attorneys will work directly with you to identify and remove any inaccurate information from credit reports and to end illegal harassment from creditors and debt collectors. We will be with you from the beginning until you are back on your financial feet. And we will be in your corner when creditors and debt collectors cross the line.

We are easy to get ahold of, and you can always expect an attorney — not a paralegal or secretary — to return your phone calls. We will work directly with you through each step of the process. We offer free consultations and no-money-down bankruptcy options for those who qualify. Get started for a fresh financial start.

Contact us at  (913) 203-4786 to start exploring your options for financial freedom. With multiple convenient office locations, we serve Kansas City and the surrounding areas.

The Complete Bankruptcy Firm

Our Approach Sets You up for Financial Success
  • Before
    Listen to Your Story & Understand Your Situation

    Prior to working with you, we sit down to understand where you’re at in order to determine the best way to move forward with your case.

  • During
    Provide Representation During Bankruptcy Filing

    Throughout our relationship, you’ll be kept informed of the status of your case and understand your options in full to make educated decisions.

  • After
    Protect Your Credit at No Additional Cost to You

    The process does not end when your case concludes. We work with you to help you get back on the right track when it comes to your credit and finances.