Former Bankruptcy Attorney to the Kansas City UAW: Ford and GM workers, now assisting the general public in Missouri and Kansas with regaining financial control using the Bankruptcy Code. 816-472-HELP (4357).
In a recent case set for dismissal the question was asked: " I filed for bankruptcy and what have you done for me?" Hmmm, this is a very good question that needs to be reviewed frequently.
Wanna know a bankruptcy secret? The truth is that Chapter 7 trustees are paid $60 per case that they administer. Is this the secret? No that is part of the code under 11 U.S.C. Â§330(b). Additionally the Chapter 7 trustee receives commission from the stuff they take and sell. Is this the secret? No as this is also part of the code under 11 U.S.C. Â§326. So what is the secret?
Bankruptcy does not guarantee happiness. Bankruptcy is a way to regain financial control, a way to be rid of debt and a way to obtain a financial fresh start. But it does not guarantee happiness.
Happiness only comes from within. You must have reasonable expectations when you are contemplating filing bankruptcy.
Bankruptcy is not a miracle but it is a vehicle that can potentially eliminate all your debt.