Unemployment most likely won't make a difference in whether or not you can file bankruptcy.
Filing Chapter 7 bankruptcy can be particularly helpful if you're unemployed, because it's set up for people who have few assets. If you're unemployed, that could easily be you because you don't have any disposable income with which to pay back your debts.
In the case of Chapter 13, bankruptcy while unemployed could get a little trickier. Chapter 13 allows you to set up a payment plan for your debts — but that can be difficult if you have no disposable income. Still, depending on your situation even a Chapter 13 is possible when unemployed.
Are you receiving unemployment benefits? In most states — including Missouri and Kansas — your unemployment benefits are exempt from bankruptcy, meaning you can file for bankruptcy and still not even lose the benefits you need.
If you're considering filing bankrutpcy but are unemployed or underemployed, we can help. Castle Law Office has been handling bankruptcies for Kansas City clients from more than 14 years. If you need the fresh start bankruptcy can provide, call us today at 816-842-6200 to speak with an attorney. Or click here to email us and schedule your free consultation.