Bankruptcy

Overwhelmed by medical bills, mortgage, credit card debt, or IRS payments?

We help the residents of Kansas City, Grain Valley, Oak Grove, Liberty, Kearney, Independence, Missouri, and other neighboring communities overcome their debt to better their lives moving forward.

Coleman Ellis, a bankruptcy lawyer in Kansas City, understands the overwhelming stress and frustration one can face when going through bankruptcy. Many people find themselves constantly running from creditors and lost in the confusion of paperwork and bills, not knowing where to turn for help.

Coleman is board certified in consumer bankruptcy by the American Board of Certification. Whether you need help with Chapter 7 bankruptcy or Chapter 13 bankruptcy, Coleman, a debt lawyer in Kansas City, Missouri, can help you determine the best course of action.

Chapter 7 vs. Chapter 13

When faced with insurmountable debt you have two options:

• Chapter 7 :You declare that you cannot repay most or all of your debts. An automatic stay goes into place to protect you from your creditors. Debts such as credit cards, personal loans, and medical bills can be eliminated or “discharged.” Once a discharge has occurred, it will forever prevent creditors from collecting the debt. For secured debts like vehicle and home loans, you can usually elect to keep the vehicle and/or the home while continuing to make the same payments. Also, when filing a chapter 7 case, an individual or couple can often keep their personal belongings, vehicles, and home, depending on the circumstance.
  .
• Chapter 13 :You declare that you intend to repay some or all of your debts but require an extension (typically three to five years). You can create a plan to get back on track with your finances while being given a chance to save your home and vehicle and stop foreclosure and repossession. Once your chapter 13 plan is approved, creditors must comply with the terms established in the plan. Depending on the circumstances, plans will vary, with some creditors paid in full, some in part and some nothing. You will make monthly payments to a bankruptcy trustee who will divide the money among creditors. At the end of the plan, the court will discharge any remaining eligible balances.

Coleman will review your situation and advise you on the best option for your circumstances.