The Law Offices of Tracy L. Robinson, LC

Call For Your Free Initial Consultation: 816-842-1317

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    • Robinson, Tracy L.
    • Williamson, Chelsea S.
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The Law Offices of Tracy L. Robinson, LC

Call For Your Free Initial Consultation: 816-842-1317

  • Home
  • About
    • Robinson, Tracy L.
    • Williamson, Chelsea S.
  • Bankruptcy
    • Chapter 7
    • Chapter 13
    • Chapter 7 vs Chapter 13
    • Different Types Of Bankruptcy
    • Bankruptcy Documents
  • Abusive Debt Collector Litigation
    • Examples Of Debt Collector Abuse
    • Credit Card Lawsuit Defense
    • Credit Reporting Errors
  • Student Loans
  • Blog
  • Videos
  • Our Locations
  • Contact
  • X Close

Don’t Lose Hope.
We Can Help.

  1. Home
  2.  – 
  3. Bankruptcy
  4.  – Different Types Of Bankruptcy

Which Type Of Bankruptcy Do I Need?

From Tracy’s interview for the Masters of Bankruptcy series on ReelLawyers.com.

At The Law Offices of Tracy L. Robinson, LC, we have more than 25 years of experience with issues relating to bankruptcy. Day after day, our attorneys put that experience to work for residents of Kansas and Missouri who are looking to get out of debt.

Federal bankruptcy law gives consumers a number of rights and opportunities when it comes to debt relief through bankruptcy. In particular, the Bankruptcy Code offers individual consumers four different types of bankruptcy filing, each suitable for a different situation.

Chapter 7: Liquidation

Under Chapter 7 bankruptcy, consumers can experience relatively swift debt relief by liquidating some of their assets and using the proceeds to pay off a portion of their debt. This sort of debt relief is generally available to debtors who have a lower median income than the average in their state.

Chapter 13: Payment Plan

Under Chapter 13 bankruptcy, consumers follow a court-approved payment plan that repays a portion of the consumer’s debt to his or her creditors. This payment plan usually takes between three and five years to complete, but once it is done, the consumer will be freed from most debts. This option is usually available to people who have a steady, regular income.

Chapter 11: Reorganization

Chapter 11 was originally designed for the reorganization of a large business, but the process is available to consumer debtors with considerable assets as well. Chapter 11 bankruptcy can be quite complicated; individual consumers should seek out the advice of a lawyer before attempting to file.

Chapter 12: Family Farmer Or Fisherman

Chapter 12 bankruptcy is similar to Chapter 13 bankruptcy, except that it is only available to commercial fishermen and family farmers. It has very restrictive eligibility requirements, but those who do qualify will find that the process has a certain number of extra benefits available to them.

Contact Us For Bankruptcy Help

If you are suffering from overwhelming debt, contact The Law Offices of Tracy L. Robinson, LC. We can examine your financial situation to determine the best ways for you to eliminate your debt and start over with a clean slate. We have convenient office locations in downtown Kansas City, Lee’s Summit and Zona Rosa. We offer free consultations to all prospective clients throughout Missouri and Kansas and the option of installment payment plans. For a free consultation, contact us or call us at 816-842-1317.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Practice Areas

  • Bankruptcy
    • Chapter 7
    • Chapter 13
    • Chapter 7 vs Chapter 13
    • Different Types Of Bankruptcy
    • Bankruptcy Documents
  • Abusive Debt Collector Litigation
    • Examples Of Debt Collector Abuse
    • Credit Card Lawsuit Defense
    • Credit Reporting Errors

We Have The Bankruptcy Experience To Help You

Contact Our Offices

Kansas City 8th Street Office

600 E. 8th St.
Suite A
Kansas City, MO 64106
Kansas City Office
Map of Kansas City office location

Lee’s Summit Office

200 NE Missouri Road
Suite 200
Lee's Summit, MO 64086
Lee's Summit Office
Map of Lee's Summit office location

Kansas City 87th Terrace Office

7280 NW 87th Terrace
Suite 210
Kansas City, MO 64153
Kansas City Office
Map of Kansas City office location
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