Setting You Up For Financial Success

Trying to Decide if Bankruptcy Is the Right Choice? Consider Chapter 13.

Our Chapter 13 Bankruptcy Attorneys in Kansas City Can Help You

If you’re considering bankruptcy, chances are you’re feeling a great deal of anxiety about what your financial future holds. Maybe you’re scared about how you and your family’s living situation may turn out. When it comes to filing for bankruptcy, Chapter 13 offers individuals the ability to prevent home foreclosure, among other possibilities.

Do I Qualify for Chapter 13?

Unsure about whether you qualify for Chapter 13 bankruptcy in the first place? The answer is probably “yes” if you’re an individual and it’s your first time filing.

Individuals can file for Chapter 13 if they meet the following criteria:

  • 1) Their secured debt (debt backed by assets or collateral such as a car) is less than $1.2 million, and
  • 2) Their unsecured debt (such as credit card debt) totals less than $400,000.
  • 3) You also cannot have filed for bankruptcy in the past 180 days.

Chapter 13 Bankruptcy, Step by Step

File a Petition

In addition to filing the Official Bankruptcy Forms of the petition with the bankruptcy court in your area, you must submit all the necessary paperwork detailing your financial affairs. You’ll need to supply a list of creditors and their claims, as well as your expenses, income, and property information.

Get Protection from the Automatic Stay

The moment your petition is filed, creditors can no longer harass you; this is called an “automatic stay.” Specific to Chapter 13, the automatic stay prevents home foreclosure. More generally for bankruptcy proceedings, the automatic stay also prevents creditors from garnishing, or simply taking, a portion of your wages.

Stick to the Repayment Plan & Get Debts Discharged

You’ll need to submit a specific plan of debt repayment to your court-appointed trustee. You may be able to offer creditors less than full repayment. After the 3- to 5-year repayment plan ends, the remaining debt will be discharged, or eliminated. Contact our office to navigate this complicated process.

Patton Knipp Dean, LLC can help you navigate Chapter 13 bankruptcy in the Kansas City area. Call our experienced bankruptcy attorneys today at (913) 203-4786 to schedule a free initial consultation.

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.

Get Answers. Build a Game Plan.

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