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There is no minimum debt to file bankruptcy, so the amount does not matter. Examples of unsecured debts include credit card debt, cash advance (payday) loans, and medical bills. Secured debts: If you are behind on a house or car payment, this may be a very good time to file for bankruptcy.
File your petition with the clerk of the court office in your county. Answer all questions on forms with specific information. Include dates, times, and a clear description of events.
Most commonly, people file either chapter 7 or chapter 13 bankruptcy. Below are the estimated lengths of time it will take to file either type: Chapter 7 = Four to six months. Chapter 13 = Three to five years.
What Will Happen to My Home and Car If I File Bankruptcy in Kansas? In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt.
The fee to file Chapter 7 bankruptcy in Kansas is $338. You should try to have the full amount ready when you go to file your case. You can pay with a money order, cashier's check, or in cash (in the exact amount) if you file in person at the Kansas Bankruptcy Court. You can purchase a money order from any post office.
While it can be a fresh start, filing for bankruptcy comes with costs, depending on the size, type and complexity of your debt. Filing Chapter 7 bankruptcy typically costs between $1,800 and $2,300 while a Chapter 13 filing can cost between $4,500 and $5,300.