Kansas City Chapter 13 Bankruptcy Attorney
Patton & Dean, LLC: Home of the Complete Bankruptcy - Call (913) 203-4786
Most consumers who pursue bankruptcy choose either Chapter 7 or Chapter 13. While both of these processes are geared toward everyday people who have become entrapped in debt, and both ultimately wipe away qualifying debt, they involve very different steps. An experienced bankruptcy attorney can help you determine which type of bankruptcy is right for you.
Why Call Our Chapter 13 Bankruptcy Lawyers?
- No-Money-Down Comprehensive Bankruptcy Services
- Free Consultation to Discuss Your Debt Relief Options
- 1,000s of Bankruptcy Cases Successfully Handled
- We're Located in Kansas City, Lenexa, and Lee's Summit
Also called the wage earner’s plan, it allows individuals with a regular income to repay all or a part of the debts that they have accumulated. They must propose a repayment plan that allows them to pay monthly installments for 3 to 5 years.
No Money Down Bankruptcy
At the law firm of Patton & Dean, LLC, we provide no-money-down bankruptcy services for those pursuing Chapter 13 bankruptcy. Our legal team provides experienced guidance and one-on-one bankruptcy counseling in Kansas City and the surrounding areas for people facing difficult financial circumstances.
We have developed a unique Complete Bankruptcy model of legal guidance. This means we handle all aspects of the Chapter 13 process — from deciding whether to pursue bankruptcy through the completion of your case, as well as post-bankruptcy matters — for no money down.
What’s Involved in Chapter 13?
The most important aspect of Chapter 13 bankruptcy is the repayment plan. This type of bankruptcy will allow you to tackle past-due payments through a single, affordable monthly payment that takes into account your financial circumstances. At the end of the three- or five-year repayment plan, any qualifying debt that hasn’t been paid off will be discharged (eliminated).
When Does Chapter 13 Make Sense?
For some people, Chapter 7 bankruptcy makes sense because it is a faster process and does not require a repayment plan.
However, Chapter 13 may be a better option if:
- You do not qualify for Chapter 7
- You earn a steady income
- You have assets that could be lost in Chapter 7
- You want to save your house from foreclosure
- You want to catch up on overdue car payments to avoid repossession
- You have an underwater second mortgage on your home
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After you finish paying off your Chapter 13 repayment plan, you will receive a discharge order that will erase the remaining debt balance. If you file and qualify for Chapter 13 bankruptcy it can discharge certain debts that do not qualify for Chapter 7.
Your bankruptcy public record stays on your credit report for 7 years. It is left on for 7 years because partial repayment is required when filing for Chapter 13 bankruptcy. Your unique situation should determine which path you pursue.
How We Can Help
Our experienced Kansas City bankruptcy attorneys can help you understand your options and choose the path right for you.