The Basics about Chapter 7 Bankruptcy

Bankruptcy operates primarily within the framework of federal law, chiefly Title 11 of the U.S. Code. The majority of individuals opting for bankruptcy proceedings opt for Chapter 7, recognized as a liquidation bankruptcy, instead of pursuing Chapter 13 for financial reorganization.

Although bankruptcy cases fall under federal jurisdiction, state laws come into play, particularly in the realm of bankruptcy exemptions. While a bankruptcy trustee may liquidate non-exempt assets to settle debts, assets protected by legal non-exemption status remain untouched.

Under the U.S. Bankruptcy Code, a specified list of exemptions shields assets from the reach of the bankruptcy trustee. However, individual states retain the authority to craft their unique roster of exemptions. In Kentucky, individuals facing bankruptcy enjoy the privilege of selecting from among these exemption sets.

Cost to file chapter 7 in Kansas

The chapter 7 filing fees in Kansas are $338, but that doesn’t tell the whole story of the real cost to file bankruptcy. Bankruptcy lawyers usually charge between $1,000 and $2,000 to file a chapter 7 case, in addition to the filing fee.

Where are the Kansas bankruptcy courts located?

Filing for bankruptcy is a big step. If you are considering it, it would be wise to contact a Kansas bankruptcy attorney to discuss your options. If you contact an attorney soon enough, it’s possible they can help you to avoid bankruptcy.

Kansas only has one United States Bankruptcy Court district, but in many cases, it may not be necessary for you to even go to court. Your bankruptcy attorney will go over your case with you to determine what may be needed beyond the scope of filing your bankruptcy petition.

Here are the locations for Kansas’ bankruptcy courts:

Kansas City: Robert J. Dole Courthouse, 500 State Avenue, Rm. 161, Kansas City, KS 66101, Phone: 913-735-2110

Topeka: Frank Carlson Federal Building, 444 SE Quincy, Rm. 240, Topeka, KS 66683, Phone: 785-338-5910

Wichita: Wichita U.S. Courthouse, 401 N. Market, Rm. 167, Wichita, KS 67202, Phone: 316-315-4110

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