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Yearly Archives: 2011

Chapter 7 and 13 Bankruptcy: Line-by-Line Workshop

I enjoyed presenting yesterday at the National Business Institute’s Chapter 7 and 13 Bankruptcy: Line-by-Line Workshop. We covered a lot of information about bankruptcy in a short number of hours. I really appreciated all of the questions and discussions posed by the Attendees! I spoke on Consumer Bankruptcy Fundamentals: The basics of Chapter 7, 11,… Continue Reading

In Step In Shape

We had a wonderful time yesterday at In Step In Shape Walk & Expo hosted by the Johnson County Parks and Rec 50+ department.  The event took place at the Mahaffie Stagecoach Stop and Farm in their lovely Heritage Center.  Tim Talbott presented a wonderful historical interpretation and video covering the history of the Mahaffie… Continue Reading

Will the Trustee take all of my tools if I file Bankruptcy?

Or can I exempt them as Tools of the Trade? Under the Kansas bankruptcy exemption statute, every person is entitled to claim “books, documents, furniture, instruments, tools, implements and equipment, breeding stock, seed grain . . . reasonably necessary in carrying on the person’s profession, trade, business or occupation.” To determine if your property can… Continue Reading

If I file bankruptcy can I keep my house?

When you file for bankruptcy any property you own will be classified as exempt property or non-exempt property.  Exempt property is safe during the bankruptcy.  Non-exempt property can be sold for the benefit of your creditors.  Each state is allowed to decide what exemptions are available to their residents. In Kansas, a Kansas resident is… Continue Reading