Chapter 13 Bankruptcy can be filed by those who have a regular income. Also known as 'debt adjustment', it requires the individual to submit a systematic plan of repayment of debts. The debtor has up to five years to clear his debts.
A detailed list of assets and debts has to be worked out. Our sponsoring Kansas bankruptcy lawyers will ensure that no vital financial detail is left out. Your attorney will also create a repayment plan that suits you.
A trustee appointed by the court will approve the plan of repayment, after discussing it with the creditors.