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Chapter 13 Bankruptcy Attorney Serving Kansas

Are you currently facing foreclosure, or being harassed by creditors with no end in sight? You may want consider reorganizing your debt by filing for Chapter 13 bankruptcy. Chapter 13 gives you the opportunity to restructure your debt and create a 3- to 5-year repayment plan. You then make one manageable monthly payment to a trustee, who distributes the funds to your creditors.

At the end of the plan period, any unpaid, non-exempt debt may be discharged. Under Chapter 13, there is no turnover or liquidation of assets, making it a popular option even with those who qualify for Chapter 7. Our Overland Park Ch. 13 bankruptcy attorney can help you decide whether this debt relief solution is right for you.

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Repaying Your Debts under Chapter 13 Bankruptcy

Under Chapter 13, you do not have to take a "means test" to determine if you are eligible for bankruptcy. However, there are still a few factors the bankruptcy court must consider before they approve your request. For example, you must show that you will be able to meet your proposed repayment obligations with an appropriate amount of income.

The following types of income can be used to prove eligibility for a Chapter 13 repayment plan:

  • Salary or hourly wages from your job

  • Disability or Social Security benefits

  • Self-employment income

  • Unemployment benefits

  • Welfare

  • Workers' compensation benefits

  • Child support or spousal support

Our firm has helped more than 2,500 individuals and families obtain debt relief and set a course for financial control. For an experienced bankruptcy attorney in Overland Park, trust Wellman Law, LLC.