The United States Bankruptcy Courts govern all bankruptcy filings from across the country.  There are United States district courts in each state, and some states have more than one district court.  No matter what state you live in, if you file for bankruptcy, your bankruptcy petition will be filed in the federal bankruptcy court in the jurisdiction you live in.

For example, if you live in the state of Kansas, your bankruptcy petition would be filed with the United States Bankruptcy Court for the District of Kansas.  If you live in the state of Missouri, your bankruptcy petition would be filed either in the United States Bankruptcy Court for the Western District of Missouri, or the United States Bankruptcy Court for the Eastern District of Missouri.  The Western District court is located in Kansas City, Jefferson City, Joplin, Springfield, and St. Joseph, and the Eastern District is located in St. Louis, Cape Girardeau, and Hannibal.

Understanding Bankruptcy Exemptions

While the overall bankruptcy process operates at the federal level, and is generally the same regardless of what state you live in, your bankruptcy will be slightly different depending on what exemptions apply to you.  All states have the ability to adopt their own exemptions and either require you to use their exemptions, or allow you to use federal exemptions.  Exemptions are ways in which you can protect certain property during the bankruptcy process.  In Kansas, for example, anyone filing for bankruptcy would have to utilize the Kansas homestead exemption in order to protect a home from being sold as part of a bankruptcy proceeding.

The state of Missouri also requires anyone filing for bankruptcy to utilize the state’s exemptions, and not the federal exemptions that are available.  Most exemptions will be similar in terms of what type of property can be protected from bankruptcy.  Some people believe that moving to one state or another will prove to be more beneficial in terms of whether or not federal exemptions can be used in place of state exemptions.  While this may be true in some situations, it truly does not matter in many other situations.

Exemptions and whether or not your residence will play a significant role in your bankruptcy proceeding are things that can become very complicated very quickly.  Bankruptcy attorneys devote their time to handling matters just like this, and do so in a way that reduces as much stress as possible.  Avoiding complications is the best way to get through a bankruptcy successfully and in the most feasible way possible.  By allowing an attorney to review your situation, you will have a better idea of what direction you need to take, and whether or not what state you live in will have an impact on your bankruptcy.

Contact Kansas City Bankruptcy Attorney Douglas Breyfogle Today to Schedule a Free Consultation

Bankruptcy is just one of a variety of debt-elimination tools that has enable millions of people to put credit card and other debt behind them.  Bankruptcy has many benefits that other debt-elimination tools do not have; however, bankruptcy may be right for you, and not the best option for another person.  Each financial situation is unique, so to truly know what option is best for you, your financial circumstances will need to be evaluated by a legal professional.  Kansas City Bankruptcy Attorney Douglas Breyfogle has more than twenty years of experience helping people like you face your creditors and eliminate debt that has been following you around for representation that will help you meet your financial goals.  In order to learn more about bankruptcy and other debt-elimination options, contact Mr. Breyfogle today by calling (913) 742-8700 to schedule your free consultation.