The decision to file bankruptcy is a pretty massive one for any consumer or business owner to make. It is considered one of the most difficult application based decisions that a person can make. The biggest reason why you should hire an attorney is because Bankruptcy Attorneys in Wichita, KS are trained to know how to handle the legal proceedings that come after filing bankruptcy.
Why Choose a Bankruptcy Attorney?
Whether or not you need to hire an attorney such as Attorney Philip L. Weiser in order to file bankruptcy is one of the most common questions associated with filing. Money is already tight, it costs $300 to file bankruptcy, and you would have to find some way to actually be able to afford a lawyer as well. Legally, there is nothing that requires a person to hire one of the Bankruptcy Attorneys in Wichita, KS.
Bankruptcy attorneys in Wichita, KS know how to file insolvency like the back of their hand. There are a lot of people who try to declare bankruptcy when they are not even in a position to do so. This is because they are not aware of any of the relief measures or laws supplied by the government. They go straight to filing bankruptcy because they assume it is the only option they have. A bankruptcy lawyer is going to be able to determine whether or not filing is even the best route for you to take.
If it has been established that you are in a position where you would benefit from filing insolvency, the next step is figuring out whether you should be filing Chapter 13 or Chapter 7. Everyone wants to file Chapter 7 because it is the only type of bankruptcy that is going to completely wipe your slate clean with the exception of secured debts. Chapter 13 puts you on a long term repayment plan because the judge who oversaw your bankruptcy claim decided you could pay your debt back with the amount of money you make as long as you are put on a long term repayment plan. Typically, these payment plans will last for three to five years. As long as you commit to the plan you will come out with no debt in three to five years.
