Bankruptcy

We’re Here to Help You Get a Fresh Start so You Can Build a Successful Financial Future

Bankruptcy law isn’t as simple as filling out forms, going through the court system, and getting approved or denied a discharge of your debts. Bankruptcy law necessarily encompasses a wide range of the law. Going through bankruptcy doesn’t just affect you and your business—it affects all aspects of your life, from your family to your mortgage, to knowing how to defend against the onslaught of creditors coming for your assets in civil court.

As a bankruptcy lawyer, Attorney Starosta necessarily knows and handles a large cross-section of the law, so you can rest assured you’re receiving the best advice when it comes to bankruptcy. Bankruptcy law can and does encompass:

– Civil litigation
– Knowing the ins and outs of collections defense under The Fair Debt Collection Practices Act (FDCPA)
– Divorce
– Child support
– Real estate and mortgage issues
– Personal Injury
– Workers’ Compensation

Some bankruptcy lawyers don’t have the same in-depth understanding and know-how around all of these fields of the law, which can negatively impact the outcome of your case. You want a lawyer who knows how to handle ALL aspects of your bankruptcy case, and Timothy Starosta is the man for the job.

Tough Decisions are Ahead—Don’t Go at it Alone!

Deciding to file for bankruptcy is a difficult decision for anyone to make, and often comes at the end of a long and challenging financial road. While bankruptcy should never be rushed into, it is certainly an option that has a lot of benefits for those who are unable to get themselves back onto firm financial footing any other way.

If you think that bankruptcy might be the right option for you or your business, it is important to work with the right attorney. You’ll only get one chance at filing bankruptcy properly in most cases, so it is not something you want to leave to guesswork or doing it yourself. Here at The Starosta Law Firm, we have helped people undergo the bankruptcy process successfully, and emerge on the other side ready to build a stronger financial future.

Chapter 7 Bankruptcy

Individuals and couples seeking bankruptcy will typically want to consider Chapter 7 bankruptcy as their first option. This is a complete liquidation of one’s assets to cover as much of the debt owed as possible, and then a clearing of any remaining debts. In many cases, it is possible to keep certain assets such as a home or car, as long as you are able to make the payments on these items. When handled properly, this type of bankruptcy can provide you with the financial ‘reset’ that you need to get back on your feet.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a good option for those who may not qualify for Chapter 7, as well as for companies going through financial difficulties. This type of bankruptcy helps to reorganize debt rather than just eliminate it (though some of it can be eliminated). Individuals and companies that have income, but not enough to cover the monthly expenses, will want to look into Chapter 13.

The courts will look at all your expenses as well as your income and help ease the burden by doing things like lowering (or eliminating) interest rates, removing late payment penalties, extending the terms of a loan, and much more. This can leave you with one monthly payment that is much more affordable, while still ensuring your creditors are getting the money (or at least most of the money) that they are owed.

Why Bankruptcy?

When people think about bankruptcy they assume the only thing it will do for them is reduce or eliminate debts so they can start over again. The fact is, however, that bankruptcies can have many great benefits:

  • Stopping Foreclosure – Once you enter the bankruptcy process, your mortgage company must halt their foreclosure proceedings until the bankruptcy is discharged.
  • Eliminate Second Mortgages – Courts can eliminate a second mortgage as part of your restructuring.
  • Repair Bad Credit – A properly handled bankruptcy will put you in a position to begin rebuilding your credit immediately.

Contact Us for Bankruptcy Help

If you are thinking about bankruptcy for yourself or your business, please reach out to The Starosta Law Firm. We have helped many people from Kansas City and the surrounding area, and we’re ready to help you too.