Many people would prefer to file for a Chapter 13 bankruptcy over other bankruptcy alternative since a Chapter 13 is traditionally a debt repayment plan. When someone in Kansas City files for Chapter 13 bankruptcy protection, they typically will meet with a lawyer in order to create a repayment plan that pays off a specific percentage of the debts owed over a period of 3 to 5 years. It is very important that an individual meets with an attorney that can explain how this process works.
A few reasons why you may consider filing a Chapter 13 bankruptcy instead of Chapter 7 bankruptcy in Kansas City:
- You are unable to qualify to file a Chapter 7 bankruptcy.
- A Chapter 13 bankruptcy may enable you to keep or protect certain assets typically lost by filing a Chapter 7 bankruptcy.
- Chapter 13 bankruptcies offer you a greater period of time to get caught up on mortgage payments in order to prevent foreclosure on a home.
- You may be able to discharge certain tax debts not typically dischargeable in a Chapter 7 bankruptcy.
We offer a free initial consultation. Contact Kansas City Chapter 13 bankruptcy attorney Weston R. Moore personally about your matter by calling our office at (913) 782-7075 or using our convenient contact form.