What is Chapter 13 Bankruptcy?

Posted on March 30, 2015 at 8:32am by

Kansas City Bankruptcy Lawyer Discusses Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows individuals to reorganize their finances into a payment plan under the supervision of the bankruptcy court, which enables them to repay debts such as past due car and mortgage payments while discharging other debts. In the video below, a Kansas City bankruptcy attorney talks about the benefits of Chapter 13 bankruptcy, including stopping harassing calls, collection activity and wage garnishment, becoming debt free and making a fresh start financially.

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.