Kansas City MO Chapter 13 Bankruptcy - only $300 upfront fees


A Chapter 13 is described as a repayment plan.  This plan runs between three (3) and five (5) years in length.  During this period of time, certain debts are paid back.  This would include things like:  overdue mortgage payments, car loans, recently incurred tax debt (such as income, sales, and personal property tax), and back child support.


It is always our goal to make a Kansas City Missouri Chapter 13 plan payment as low as possible.  But whatever the amount is, you would make a set payment each month to the Bankruptcy Trustee.  That payment is then distributed by the Trustee to your creditors (according to the parameters of the plan).

In some Ch13 plans, a portion of your unsecured debt is also repaid.  Examples of unsecured debt would be credit cards, medical bills, and payday loans, etc.  As mentioned above, our goal is to get you into the lowest possible plan payment.  But even if a portion of your unsecured debt needs to be paid, we would still want the vast majority of it discharged at the end of the plan.

What are some the advantages of filing a Chapter 13?  It will stop a home foreclosure (and give you a chance to get caught up on the amount you have fallen behind on);  it will give you a chance to pay off your car loan (but usually at a much lower interest rate);  it will get the IRS and MDOR off your back;  it will allow you to get back a repossessed vehicle;  it will put an immediate stop to any wage garnishments, bank levies, and creditor harassment. 
Why would someone be required to file a Chapter 13?  If you are above the median income level for your particular household size, then sometimes the court will require that you file a Ch13 (as opposed to a Ch7).  For instance, if you are a household of two, the state of Missouri has determined that the average (or median) income for that sized household is:  $56,574 (as of May 2017).  But if you total household income (you, your spouse, food stamps, unemployment benefits, Social Security, etc.) is significantly higher than the median, then you have to do a Chapter 13 (as opposed to a Chapter 7).

There are of course many benefits that come by filing a Missouri Chapter 13.  Some of those benefits have already been alluded to.  However, one in particular is worth mentioning:  if you have an outstanding car loan, that debt is paid back inside the Chapter 13 repayment plan, but at an interest rate of (  )%.  This is a significant factor, because many people are currently in a car contract in which the interest rate is double digit (and sometimes as high as 25%).  So the Kansas City MO Chapter 13 would offer significant savings!!

At Brinkman & Alter, LLC, we want to make sure that you receive the very best bankruptcy services in all of the Kansas City Missouri area.  Our team will get you back on your feet, help to dramatically improve your financial standing, and put you in the best position possible for the future.  The attorney fees for a standard Kansas City MO Chapter 7 are $675, and the upfront fees for a Kansas City MO Chapter 13 are $300.  But the initial consultation is free of charge!!

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