When you experience financial difficulties, bankruptcy can help you start over again. If you are drowning in consumer or medical debt or facing wage garnishment, you have options under the law to get debt relief, The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13, Chapter 13 is a section of the U.S. Bankruptcy Code that helps qualified individuals and small-business owners repay creditors and get out of debt.
Experienced Kansas Chapter 13 bankruptcy attorney
Chapter 13 bankruptcy differs from the liquidation of assets seen in Chapter 7 bankruptcy and complicated debt restructuring seen in Chapter II bankruptcy. In Chapter 13, debts may be discharged that would be non-dischargeable under other chapters.
Chapter 13 allows debtors that still have significant income to submit a plan to the courts to pay back debts over a few years. Doing this provides advantages to the debtor not found in other forms of bankruptcy such as preventing foreclosure. Chapter 13 can also restructure tax obligations and protect individuals from their creditors' collection efforts. It allows you to keep your real estate and personal properly and repay debts through reduced payments.
At the Law Office of Dana Manweiler Milby, P.A., we are committed to helping you get back on your feet and moving toward a brighter tomorrow. To schedule an appointment with an experienced Chapter 13 bankruptcy lawyer, contact us online online or call toll free 866-959-3530.
Keep assets while you pay back creditors at a reduced rate
Chapter 13 bankruptcy provides debt relief for individuals (consumers). Under Chapter 13, you (the debtor) retain ownership and possession of assets while a percentage your future income goes to paying creditors. The amount and payment period is decided based on factors such as your property's value, income, and expenses, And, Chapter 13 does not always require repayment of credit card or medical bills.
Unlike Chapter 7 where your non exempt assets may be liquidated, Chapter 13 enables you to keep assets-including your house and car- while making payments to creditors. Your attorney can work with you on a Chapter 13 payment plan and at a confirmation hearing, the court either approves or disapproves the plan. If the court approves the plan, you retain ownership and possession of all your assets, but you must devote some of your income to repaying creditors over a period of three to five years.
If you are overwhelmed by debt, you can get relief
For many people, overwhelming debt is caused by a situation beyond their control. Job loss, divorce, and medical conditions can all put stress on finances to the point where you can no longer keep up. You are being harassed by creditors and it is understandable that you are worried about the future. You may have many questions and concerns about how Chapter 13 bankruptcy works.
At Milby Law, we are focused on helping you successfully navigate this rocky period. Filing for Chapter 13 bankruptcy allows you eliminate most unsecured debt, including credit card bills, medical expenses, judgments against you and even some taxes.
After we file your Chapter 13 petition, it functions as an automatic stay. This means that creditors must stop all collections activity and all communication will go through our office.
Our straightforward and efficient process
The Chapter 13 process might seem daunting, but take confidence in knowing that attorney Dana Milby will be your knowledgeable and understanding guide, every step of the way. Here is what to expect:
Fill out our initial consultation questionnaire and bring it with you to the first meeting .
During our initial meeting, we will gather basic information from you. We use this time to explain the Chapter 13 bankruptcy process and answer questions you may have.
You will leave with a bankruptcy questionnaire, which you complete at home. In addition, you will need to complete a pre-bankruptcy counseling course and provide us a copy of your certificate of completion before we can file your petition. Information on how to do this is also provided in the bankruptcy questionnaire document.
We review the long questionnaire during our second meeting and prepare your case and paper work for filing.
During your third meeting, you review and sign the paperwork, and we file the case.
Interested clients may also choose our fast-track method, in which the long questionnaire in filled out in advance. We proceed with the last two meetings described above. After we file your case, there will be a meeting of creditors before the bankruptcy trustee at the federal courthouse. The trustee is in charge of overseeing and administering the case. The process is informal and nothing to worry about -- Dana Milby will be at your side throughout the process.
Learn more about bankruptcy by watching this video.
Learn more about your other debt relief options by visiting our Credit Counseling and Debt Settlement Services page.
Work with an understanding, experienced Chapter 13 lawyer
In our society, much stigma and misinformation surrounds debt and bankruptcy. Since 1994, Milby Law has provided people just you like a safe and non-judgmental environment in which to understand their debt relief options under the law. Filing for bankruptcy is not immoral or something to be ashamed of. The law is here to give you debt relief, and we are here to help you make decisions about which you can feel confident.
To schedule an appointment with a Chapter l3 attorney who will work closely with you to help you find the debt relief you need, contact us online or call toll free 866-959-3530. We represent clients throughout Kansas, including Sedgwick County. Our film is open Monday through Friday from 8:30am to 5:00pm, with evening and weekend appointments available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.