Chapter 7 bankruptcy relief is the most common form of bankruptcy. At the Mathews Group, LC, in Leawood, Kansas, we help small businesses, individuals and married couples in Kansas and Missouri obtain a fresh financial start under the Bankruptcy Code. Chapter 7 is a streamlined process that allows people to eliminate high credit card balances, medical debts, payday loans and many other kinds of debt.
Many Assets Are Protected In Kansas And Missouri
Chapter 7 is frequently called a liquidation bankruptcy. As a result, many people fear that they will lose all of their assets in seeking legal debt relief. The truth of the matter is that most individuals or married couples who file for personal bankruptcy relief keep most, or all of their possessions. Both Kansas and Missouri provide exemptions that serve to protect property from liquidation.
Exemptions exist in each state to protect equity in specified amounts for a wide variety of property, including:
- Your car
- Your home
- Tools of the trade
- Household goods and furnishings
- Retirement benefits
It is important that you choose an attorney who has a strong command of the bankruptcy and exemption laws to protect your interests. Our business-savvy lawyers are thorough in evaluating the financial structures of our client's households to obtain the most favorable outcome possible in bankruptcy.
The Bankruptcy Code is a constitutionally authorized process to help individuals and families obtain a fresh start. When you call for a free initial consultation to discuss your legal options, we will review your debts, your financial structure and your goals in obtaining debt relief. We will explain your legal options. Many of our clients find more than debt relief after filing for bankruptcy. Eliminating debt can be a liberating process — lifting the weight of unmanageable debt from your shoulders.
The First Step In Conquering Your Debt Is Contacting A Knowledgeable Lawyer
If your bills have gotten out of hand and the debt collectors are on your heels, we are here to help. To arrange a free consultation with an experienced bankruptcy lawyer, call 913-660-0664 or send us an email. We serve clients in Kansas City, Clay County, Johnson County and throughout eastern Kansas and western Missouri.