A bankruptcy attorney in Lee’s Summit can help you solve your financial crisis. If your finances are a mess and there doesn’t seem to be any way to fix them, contact the Gedbaw Law Firm, LLC. Serving clients in Lee’s Summit, Overland Park and the Greater Kansas City Metro area, we can help you find a new beginning.

 

It’s a sad fact of life that a financial disaster can strike at any time. Even those who manage their money carefully can be blindsided by a sudden job loss or unexpected emergency resulting in debts that they cannot pay. Thousands of Americans go through this process every year. As a bankruptcy attorney in Lee’s Summit, Jeff Gedbaw has the experience and knowledge to help you navigate the complex process of filing for bankruptcy.

 

There are two types of bankruptcy, Chapter 7  and Chapter 13. Under Chapter 7, your debts are completely erased and your creditors can no longer try to collect them from you. Chapter 13 bankruptcy allows for some debts to be repaid over a designated period of time. Payment rates will be lower than previously, and creditors cannot force you to pay more or pay sooner.  

 

Lots of folks believe that filing for bankruptcy means they will lose everything they have worked so hard to obtain. This is simply not true. Under both types of bankruptcy, certain of your assets may be protected from loss. Under Chapter 7, things like your home and car can be secured so that you don’t have to surrender them unless you want to. You will still be required to make payments for assets that are secured by a bank loan, such as your mortgage, if you want to keep the property. Your vehicles can also be protected, but if you are in the common position of being “upside down” in your car loan you may make the choice to surrender the vehicle in order to clear the debt. 

 

If your bankruptcy attorney in Lee’s Summit determines that Chapter 13 is the right type of filing for you, your assets will still be protected. You may be able to keep your home, your car, and most other property, but you will pay for them over a set period of time that the court will establish. Making payments affordable is a big advantage of this type of bankruptcy. 

 

A financial crisis can negatively impact every area of your life. Your marriage and other relationships can be affected by the continual stress. Dealing with your money mess can even have a negative impact on your health.  Perhaps the biggest advantage of filing for bankruptcy is that it stops the phone calls and piles of unpaid bills. Once you have filed, all communications with creditors will be handled by your bankruptcy attorney in Lee’s Summit.

 

If you would like to learn more about your options under bankruptcy, contact the Gedbaw Law Firm, LLC at (816) 379-5329 for a free consultation. Jeff is licensed to practice in both Kansas and Missouri and can also represent you in Federal bankruptcy court if required. Our firm’s philosophy is to offer the best in expert legal counsel in a friendly and compassionate manner. If you live in Lee’s Summit, Overland Park or the Greater Kansas City Metro, we are here for you. Don’t wait for wage garnishments or other legal action to get help. Call us today!