Will I lose any assets by filing Chapter 7 bankruptcy in Kansas City?

by on June 12, 2011

in Kansas Bankruptcy FAQs

A Chapter 7 bankruptcy filing in Kansas City is often referred to as a “liquidation” bankruptcy since the bankruptcy trustee may be able to seize certain assets in order to pay down some of your debts. However, there are certain types of property that is exempt from seizure in Kansas. A few examples of property that may be exempt from seize include: equity in your home, $1,000 or less of equity in your automobile, and $1,000 or less in other personal property. Bankruptcy laws change and both Kansas and Missouri have different homestead exemptions which may increase the amount of personal property you may claim for exemption.

Filing Chapter 7 bankruptcy in Kansas City could place an immediate stop to any pending home foreclosure, repossessions, forced eviction, wage garnishment, collection efforts, debt lawsuits and harassment by your creditors.

Free Chapter 7 bankruptcy consultation with Kansas City Chapter 7 bankruptcy attorney Weston R. Moore personally about your matter by calling our office at (913) 782-7075 or using our convenient contact form.

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