Filing for Bankruptcy in Wichita
A debtor's decision to file for bankruptcy will not necessarily be an easy one. There will be many options to consider, including if bankruptcy is even right for you. Due to the fact that every individual's bankruptcy case will vary depending on the financial situation, a
Wichita bankruptcy attorney will be vital in guiding you and your family through the process. At Rick Hodge, Attorney at Law, we have worked with hundreds of individuals throughout their bankruptcy petition process, and we can help you too.
Wichita Bankruptcy Lawyer
A lawyer for bankruptcy and debt relief at our firm will be able to answer some of your toughest questions and help you make the right decision in a time of uncertainty. After consulting with an attorney well-versed in this area of the law, you will then be able to determine which type of bankruptcy you qualify for, including
Chapter 7 or
In a bankruptcy case, after an initial petition is filed, the following 60 days will follow a fairly precise timeline of filings, as described by your Wichita bankruptcy attorney. Initially, a detailed report of the debtor's financial situation will be submitted, repayment plans will be drawn up, and notifications to creditors will be mailed out. After some time, a meeting will be called by the creditors to meet with you and discuss the repayment plan.
After your meeting with creditors, your personal attorney for bankruptcy and debt relief in Wichita will advise you how to move forward from there. Depending upon the creditors' decisions and the type of debt, a bankruptcy can be completed within 180 days or a repayment plan for a Chapter 13 could extend over 3 to 5 years. While the bankruptcy process can be complex and discouraging, the benefits of the final outcome will outweigh the difficult debt relief process you are about to endure with the legal guidance of a highly educated Wichita bankruptcy lawyer.
For all of your questions or concerns on filing for bankruptcy, please contact a Wichita bankruptcy lawyer at our firm today.