Lee's Summit Chapter 7 Bankruptcy Lawyer
Deciding what to do about your financial situation is a personal decision you should make with the guidance and counsel of an experienced attorney. In some situations there are other options than bankruptcy, better suited to resolve your problems. Finally, which form of bankruptcy you choose can provide different benefits for you. Talk to an attorney with more than 20 years experience, at Ronald L. Jurgeson, LLC.
Years ago it was simpler to select either Chapter 7 or Chapter 13. Now it is more complicated, but you can still probably gain bankruptcy protection one way or another. A major change in the law was to institute a "means test" to qualify for Chapter 7. Most people prefer Chapter 7 because it provides a fresh start, eliminating most debt quickly as well as immediately stopping creditor harassment.
The means test compares your income with that of similar households in your geographic area. If yours is above the average, you must then compare your income and your expenses. If you have enough regular income to pay a significant portion of your debts over time, you may be required to file under Chapter 13 instead.
A Chapter 7 bankruptcy is not a means to avoid foreclosure of your home, and it will remain on your credit report for 10 years, three years longer than Chapter 13. Should you prefer Chapter 13, or Chapter 11 for your small business, our firm can also help you.
Mr. Jurgenson is available to advise you, review your finances and make the appropriate filings for you. He will attend any hearings with you and handle all paperwork.
Ask us about:
- Personal bankruptcy
- Consumer bankruptcy
- Bankruptcy means test
- Debt relief
- Asset liquidation
- Debt liquidation
- Unsecured debt
- Medical bills
- Credit card debt
To schedule your free initial consultation, call our Kansas City, Missouri, office at 816-554-6968 or contact us online. When meeting with a lawyer at our firm, you can discuss your bankruptcy options and how it may be possible to get out of debt.