Kansas City Chapter 7 Bankruptcy Lawyer

Only certain people can qualify to file for Chapter 7 bankruptcy. Generally, you must meet a legal “means test” by demonstrating that your income and assets are below a particular ceiling. This determination can be complex. Therefore, it is crucial to speak with an attorney about your bankruptcy options and whether Chapter 7 is the right approach.

• Related: Protecting Your Property in a Chapter 7 or Chapter 13 Bankruptcy in Missouri

Finding the Right Type of Bankruptcy for You

Filing for Chapter 7 bankruptcy is generally the preferable option for people who don’t have significant assets or income. However, for those with underwater mortgages, valuable assets, or a steady income, Chapter 13 might be a better fit.

At Patton & Dean, LLC, our lawyers in Kansas City have no hidden agenda to push you toward a particular approach. Instead, we will walk you through your options, discuss the pros and cons of each, answer any questions you may have, and ultimately provide the guidance you need to make an informed decision. We want you to feel comfortable and confident in the road ahead.

How Much Does it Cost to File Chapter 7 Bankruptcy?  

In general, most individuals will pay a $335 filer fee to the court, plus an additional $75 miscellaneous administrative fee. The court may also require completion of a credit counseling course at an additional cost. In addition to filing fees, individuals may need to pay for legal representation if they do not feel comfortable completing the process themselves. The cost of professional bankruptcy representation can vary depending on the complexity and number of assets involved in filing for bankruptcy.

It is also worth noting that individuals who cannot afford the filing fees may qualify for fee waivers through the court. By consulting an experienced bankruptcy attorney, individuals can explore their options and find a solution that fits both their financial situation and goals. Furthermore, discussing your case with a qualified bankruptcy lawyer will involve assessing your: 

• Assets
• Liabilities
• Income
• Expenses

A lawyer can also provide advice on the viability of various strategies for debt relief as well as represent you throughout the bankruptcy process. 

Chapter 7 Process

Considering filing for Chapter 7 bankruptcy? If so, below is a timeline of the Chapter 7 process. Generally, there are 6 steps:

1. Before you file, you must attend a mandatory credit counseling course. You can do this online or by phone.

File for bankruptcy. Forms are available online. Make sure to include information about your property, creditors, and provide information about any financial transactions you have had over the last 2 years.

Mail a copy of your most recent tax return to the bankruptcy trustee. This person handles the bankruptcy cases for the court. If they request additional documentation from you, provide it.

30 days after you file, attend a creditor’s meeting. It is conducted by the trustee and it is rare for the creditors to appear. Here, you must answer (under oath) questions from the trustee regarding your documentation or anything else they may find relevant to your case. These meetings usually last 5 minutes.

No later than 60 days of the creditor’s meeting, attend a mandatory budget counseling via phone or online. File a form and a copy of your certificate of completion with the court to confirm the counseling was completed.

Do not sell or give away any property. 60 - 75 days after the creditors’ meeting, you should receive a letter from the court that discharges your debts. The trustee will arrange with you to liquidate your nonexempt property if you have any. Be aware that during this period, creditors are still able to object to you discharging your debt.