Life After Bankruptcy
It is no longer a surprise when an individual or a business files for Bankruptcy. In fact, with more people struggling to make ends meet, Chapter 7 Bankruptcy and 13 Bankruptcy are not the taboos they once were. However, you may still wonder how the process works and what life will be like on the other side.
Will you lose your property and assets? How will Bankruptcy affect your credit score? Will all of your debt be expunged? These are questions best answered with an experienced Bankruptcy attorney. That is why the Law Office of Jennifer Dodson takes a one-on-one approach to our cases; no two situations are unique. My team is standing by, and I will personally meet with you to uncover the best solution to your financial independence.
Living with Bankruptcy in Kansas City
Avoiding Bankruptcy when faced with virtually unending debt may not be a wise choice. Regardless of how humbling or difficult it may be, it could be the right decision for you. Often, it is the smartest financial decision ever made. Here are some important considerations to help you plan for what life after Bankruptcy might be like:
- A positive outlook on credit. If you have bad credit, it can go up – even with a Bankruptcy on your record. In fact, declaring Chapter 7 Bankruptcy or Chapter 13 Bankruptcy can help you recover your credit in several ways, whether it is consolidating or eliminating debts or otherwise refocusing your finances.
Having our Bankruptcy attorneys guide you through the process ensures any consequences associated with declaring Bankruptcy are minimal. After declaring Bankruptcy, we will ensure the necessary steps are taken to rebuild your finances and credit score.
- Facing the courts. People may put off declaring Bankruptcy for fear of losing important assets, like a home, property, or automobile. However, if your equity in the property is exempt and you make payments on time, you will not lose your home or car during your Bankruptcy. Liquidation is only an issue with Chapter 7 Bankruptcy. In Chapter 13, our legal team will help you file for an affordable repayment plan. Filing Bankruptcy can help avoid courtrooms and more serious problems in the future, such as unpayable tax debt or issues with foreclosure.
- The future of your finances. Homes, investment options, and jobs, are common concerns for those declaring Bankruptcy. You can work with a Bankruptcy attorney to set realistic financial goals that keep you in excellent financial condition. Garnishments, lawsuits, creditor phone calls, tax debts, and more can be allayed through Chapter 7 or 13 Bankruptcy.
When making the decision to file, you must be sure it is the best option for your circumstances. Work with one of our qualified Kansas City Bankruptcy attorneys to ensure lowered or discharged debt.
Communicating with Your Lawyer
The Law Office of Jennifer Dodson can walk you through the Bankruptcy process, as well as any other financial options that may be the right for resolving your debts. I can help you determine if Chapter 7 or 13 will get you the results you need. I will also work to ensure your property stays in your possession.
Worrying about money and fear of the unknown can make you feel alone, so take advantage of our free consultation, and let us help you get started on financial recovery today. Contact us at 816-977-2763.