If you live in Kansas City and are feeling overwhelmed by debt, you’re not alone. It’s not uncommon for residents of Kansas and Missouri to experience financial hardship due to job loss, medical bills, divorce, or unexpected expenses. When bills pile up faster than you can pay them, bankruptcy may be an option worth exploring.
At Castle Law Office, we’ve helped individuals and families throughout Kansas and Missouri find relief from overwhelming debt. While bankruptcy isn’t right for everyone, here are some clear warning signs that it may be time to speak with a Kansas City bankruptcy attorney.
1. You’re Only Making Minimum Payments on Credit Cards
Bankruptcy under Missouri and Kansas law can help eliminate or significantly reduce unsecured debts such as credit cards.
2. You’re Facing Foreclosure on Your Kansas City Home
Homeowners in Kansas and Missouri know how stressful foreclosure notices can be. Filing for bankruptcy triggers the automatic stay, which can temporarily stop foreclosure and give you time to catch up on your mortgage.
3. Your Wages Are Being Garnished
If your paycheck is being garnished, it can make it impossible to keep up with living expenses. Bankruptcy can stop most garnishments immediately and help you recover financially.
4. You’re Using One Form of Credit to Pay Another
If you’re taking out payday loans to pay credit cards, bankruptcy can help break this cycle and give you a fresh start.
5. You’re Tapping Into Retirement Savings to Stay Afloat
Under Missouri bankruptcy exemptions, most retirement accounts are protected from creditors. Using those savings to pay off unsecured debt may damage your long-term financial security without solving the root problem.
6. Collection Calls Have Become Overwhelming
If your phone rings nonstop with calls from collection agencies in Kansas City bankruptcy can stop those calls immediately under the Fair Debt Collection Practices Act (FDCPA).
7. A Major Life Event Has Cut Your Income
A job loss can drastically impact your finances. Bankruptcy may be the lifeline you need to recover.
Speak to a Kansas City Bankruptcy Lawyer Today
If you're considering bankruptcy in Kansas City, don't face it alone. Contact Castle Law Office today for a free consultation. We'll review your situation, answer your questions, and help you determine the best course of action for your financial future. Let us help you take the first step towards a fresh start. We're here to help you get back on your feet and achieve financial freedom.
