Kansas Bankruptcy Advice From an Experienced Lawyer

Bankruptcy doesn't have to be the end of your financial life. In fact, even in bankruptcy proceedings you are allowed to maintain possession of specific assets, giving you the ability to start fresh along with property you already own.

I am bankruptcy attorney Jay T. Grodsky in Leawood and I serve the Kansas City, Missouri, metropolitan area. Contact my office online, call 913-752-9293 or toll free at 1-888-846-0767 to schedule a free consultation on exempt assets in Chapter 7 and Chapter 13 proceedings in your individual situation.

What Exemptions are Available in Kansas?

Bankruptcy law in Kansas provides exemptions for certain assets, allowing you to maintain possession in Chapter 7 or Chapter 13 proceedings. These exemptions include:

• Unlimited home equity
• Jewelry to $1000
• Wedding rings
• Motor vehicle to $20,000
• Tools of your trade to $7500
• Life insurance benefits

Kansas bankruptcy law does not offer cash exemptions for personal bank accounts — it is wise to spend these accounts down before completing your initial bankruptcy application.

Contact Me for Specific Advice in Your Situation

With over 25 years in bankruptcy practice, I understand what is exempt and what is not exempt in Kansas. Whether you qualify for Chapter 7 under the means test or for debt reorganization in Chapter 13, I understand your need for information tailored to your specific concerns, and work diligently to provide the knowledge you need to make the most informed decision possible.

Contact my office online or by telephone to schedule a free consultation.