Even if you decide not to hire a lawyer to help you with filing bankruptcy it is still a good idea to at least meet with a Bankruptcy Lawyer In Wichita, KS. Fortunately, bankruptcy lawyers are certainly no exception to the fact that most lawyers offer free initial consultations that last between 30 minutes to an hour long depending on the lawyer. During a consultation, you Meet with a Bankruptcy Lawyer In Wichita, KS in order to discuss your situation and whether or not bankruptcy will help you. This is your chance to ask any questions you might have about bankruptcy.
Will Debt Collectors Stop Contacting You?
While a decision regarding the status of your bankruptcy claim is being made you are placed in what is referred to as an automatic stay. While you are in an automatic stay debt collectors are not allowed to contact you. They are also required to discontinue any attempts they are making to get their money. This includes garnishing wages or taking a chunk of your tax check if it is tax season.
Will Filing Bankruptcy Cause You To Lose Property?
Whether or not filing bankruptcy is going to result in you losing some of your property depends on what kind of bankruptcy you are filing as well as how much your property is worth. If you have a lot of valuable property and you file Chapter 7, chances are pretty good you will lose some of it. This is because the court is going to liquidate your property in order to get your creditors some of the money you owe them. If you file Chapter 13, on the other hand, you are filing to be put on a repayment plan. None of your property would be seized while filing Chapter 13.
One important thing to keep in mind about filing bankruptcy is that it is not guaranteed to clear every debt you have. If you have any debt that is secured by a home, car, or other form of collateral you would not be able to wipe that debt away. Filing bankruptcy is about erasing credit card bills, utility bills, medical bills, cellphone bills, and other unsecured debts.
