Can I File Bankruptcy If I’m Unemployed?

Posted on March 13, 2015 at 10:19am by

Bankruptcy Lawyer in Kansas City on Chapter 13 Eligibility

As a bankruptcy lawyer explains in this video, you do need to have a source of income to file Chapter 13 bankruptcy and keep up with a payment plan. If you are unemployed, you may qualify for Chapter 7 bankruptcy.

Video Transcription:

The demeanor of people absolutely can change because information is so powerful and the type of information that we talk about when we’ve discussed financial problems. People aren’t familiar with bankruptcy terms, they don’t know how the laws work, for goodness sakes, you know here in Kansas City area the laws are very different in Missouri than they are in Kansas.

So people are often confused and are often really needing sound advice and accurate advice on what the real legal remedies are and what their legal answers might be for their particular problem.

So when they come out with more information and when they know what is going to happen, and when they have a time line, and when they know what information we’re going to need and be able to get from them, they usually are so much, you know, so much calmer, so much more relieved and it just makes a lot of sense.