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What is bankruptcy?
Bankruptcy is a legal proceeding in which a person can get relief from creditor claims. The right to file for bankruptcy is granted by federal law.  All bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all creditors from taking further action to collect from you, 

What can bankruptcy do for me?

1. Eliminate the legal obligation to pay a debt. This is called a "discharge" of the creditor's right to enforce your obligation to pay the debt. The purpose of the law is to provide you debt relief and a fresh financial start.
2. Stop foreclosure on your house or mobile home and allow you an opportunity to catch up missed payments. Bankruptcy does not, however, eliminate mortgages or other liens on property you retain - payment is still required to retain the property.
3. Prevent repossession of a car or other property, or force a creditor to return repossessed property.
4. Stop wage garnishment, creditor harassment, and lawsuits.
5. Restore or prevent termination of utility service.
6. Allow you to challenge creditor claims that you dispute.

Will bankruptcy wipe out all my debts?
As a general rule, bankruptcy can wipe out your debts.   Exceptions to this general rule are:

1. Debts for child support or alimony, court fines and most taxes;
2. Debts not listed in your bankruptcy petition;
3. Loans obtained after you knowingly gave false information to a creditor who reasonably relied on the information in making the loan;
4. Student loans gurantedd by the federal government;
5. Debts collateralized by property you retain (e.g. car or home).
   

Contact Information

Mark J. Lazzo, Attorney
3500 N. Rock Road
Building 300, Suite B
Wichita, KS 67226

316-263-6895

I offer same-day protection.

Evening and Saturday
appointments available  

FREE Initial Consultation 

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