Kansas Chapter 13 Bankruptcy Attorneys
Filing for Chapter 13 Bankruptcy in Kansas
For those dealing with significant debts who wish to retain their assets, properties, and possession, Chapter 13 bankruptcy may be a viable solution. Chapter 13 is a type of bankruptcy that is frequently referred to as “reorganization” bankruptcy, as it involves the restructuring of debts to allow for manageable monthly payments.
Chapter 13 is a powerful option that allows you to settle your debts by paying back only what you can afford. With Chapter 13, all of your debts can be put into your consolidation. Additionally, the judge can wipe out a large amount of your debt entirely.
Before filing for any type of bankruptcy, it is strongly recommended that you discuss your legal options with an experienced debt relief professional. At Watton Law Group, our Kansas Chapter 13 bankruptcy attorneys can discuss this type of bankruptcy in detail during a free, no-obligation consultation. We strive to help our clients fully understand their options so that they can make the best decisions regarding their finances and their future.
Chapter 13 vs. Chapter 7 Bankruptcy
When most people think of filing for bankruptcy, they imagine “liquidation” bankruptcy in which most—if not all—debts are eliminated in exchange for the sale or repossession of certain properties and assets.
In a Chapter 13 bankruptcy, your debts are not automatically discharged. Instead, you work with the court to establish a feasible plan for repaying your debts. You may file for Chapter 13 bankruptcy if you have a reliable income that is sufficient for paying your debts.
Who Benefits from Filing for Chapter 13 Bankruptcy?
Chapter 13 bankruptcy can be beneficial for certain individuals who are struggling with considerable debt, but who do not wish to lose valuable property and/or assets. As such, Chapter 13 bankruptcies tend to be most beneficial for individuals with valuable assets and properties. Often, these individuals do not qualify for Chapter 7 bankruptcy, meaning they must file for Chapter 13 bankruptcy in order to keep up with payments, pay past-due payments, stop foreclosure on their homes, and avoid other negative debt collection activities.
However, Chapter 13 is not for everyone. In fact, not everyone will qualify for this type of bankruptcy.
To be eligible to file for Chapter 13 bankruptcy, you must have:
- Less than the maximum allowable limit in secured and/or unsecured debts
- Sufficient income to make monthly payments on your debts
- Proof of the past four years’ worth of state and/or federal income taxes
You may also only file for Chapter 13 bankruptcy as an individual; this option is not available to business entities. However, because personal business-related debts generally fall under Chapter 13 bankruptcy, this option may be not only available but also advantageous to sole proprietorships.
Additionally, Chapter 13 bankruptcy requirements include mandatory credit counseling from an approved agency. You must undergo credit counseling within 180 days before filing for Chapter 13 bankruptcy (with some rare exceptions).
With over 25 years of experience, our attorneys have perfected a system that makes filing for bankruptcy as easy as possible for you. We offer unparalleled support throughout the entire process and will help you move forward with the best options available to you.
Filing for any type of bankruptcy is a complicated and time-consuming process. Chapter 13 bankruptcies are notoriously complex. It is important that you work with an experienced attorney, like those at Watton Law Group, who can help you understand your rights and advocate for you throughout the legal process.
When you turn to our firm for help seeking debt relief, you can count on us every step of the way. We are available to answer your questions and address any concerns you may have, from the moment you call until the moment your case is resolved. Our Kansas Chapter 13 bankruptcy attorneys are well-versed in applicable state and federal laws and have more than 25 years of experience in this area of practice. We are highly familiar with local judges, trustees, and other involved parties. There is no case too complex or challenging for our team.
We proudly offer highly personalized and attentive legal services. Our attorneys truly care about you and are prepared to do everything they can to help you regain control of your finances, stop creditor harassment, halt collections, and move forward with your life.
“I spoke with Attorney Watton and he took his time with me to answer all my questions, gave me thoughtful advice, and went above and beyond my expectations.”- Becky & Bronson W.
Record of Success
We’re trusted by clients across the country to guide them through tough times, and are backed by thousands of successfully completed bankruptcy and debt relief proceedings.
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We offer free, no-obligation case evaluations to help those in need of debt relief explore their options for reaching financial stability with the help of an attorney.
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Our experienced attorneys have helped thousands of clients across the nation navigate debt relief and bankruptcy matters since 1994.