Filing Bankruptcy in Wichita, KS

November, 2013 by

Most people would agree that there is nothing more stressful and overwhelming than feeling like your debt problem is continuing to get worse instead of getting better. It is very easy for a person to feel hopeless when they cannot get out from other their debt. If you feel like you’ve exhausted all of your options and you’ve gotten to the point of wanting to strangle the next creditor that calls your phone, Bankruptcy in Wichita, KS might just be the answer that you are looking for.

Once you have decided that Bankruptcy in Wichita, KS is the answer to your problem, you are going to want to start by hiring a bankruptcy lawyer to help you with the process. This is an individual who has a lot of experience with filing bankruptcy and they will be able to make sure you fill out all of the paperwork correctly.

Once you file for Bankruptcy in Wichita, KS all of the creditors who you owe money are going to be given a chance to send in some form of written response. A judge will take this information as well as information provided by your attorney in order to decide the conditions of your bankruptcy. Then, the judge is going to decide if any sort of payment on your behalf needs to be made.

If you end up having to agree to a payment schedule all of your monthly payments will be made directly to the court. Then, the court will be responsible for distributing the money to the creditors that you owe money to. Fortunately, the payment schedule that you will be given will be based on your current earnings and income. The goal is for you to be able to get yourself out of debt. So, the judge is not going to set you up with a payment requirement and schedule that is going to cause you to struggle to pay your bills.

The most important thing to keep in mind is that filing bankruptcy is not something you should be ashamed of. A lot of people have accumulated debt without it really being their fault. For example, if you got in a car accident and have a lot of medical bills you could not pay. You have debt, but it really is not your fault. Debt happens and bankruptcy can provide you with a way out.