What kind of debt relief is available to married couples filing for bankruptcy?

In Kansas, married couples filing for bankruptcy can access a variety of debt relief options. The most popular option is a Chapter 7 bankruptcy, which can help married couples erase most of their debts. This is done by liquidating a couple’s non-exempt assets and using the proceeds to pay creditors. The process is supervised by a bankruptcy court and typically takes three to six months to complete. In cases where couples do not qualify for a Chapter 7 bankruptcy, they may be able to restructure their debts through a Chapter 13 bankruptcy. This type of bankruptcy requires couples to develop a repayment plan that would allow them to pay off any debt within a three- to five-year period. By doing this, couples are able to keep their assets while reducing their debt. Finally, bankruptcy can also provide couples with relief from collection activities. During the bankruptcy proceedings, collections activities are stopped so that couples can work towards resolving their debt without fear of harassment from creditors. By utilizing any of these options, married couples filing bankruptcy in Kansas can benefit from debt relief that allows them to get back on track financially. As with all debt relief options, it is important to work with a qualified attorney to ensure that the best solution is identified for each couple’s particular situation.

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What kind of debt relief is available to married couples filing for bankruptcy?

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