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Author Archives: Walden & Pfannenstiel, LLC

April 1, 2016 Median Income Levels for Kansas and Missouri Bankruptcy Filers

The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify:

Chapter 7 or Chapter 13

As of April 1, 2016 the Median Income Levels changed once again. Median income levels in Kansas and Missouri are up across the board! If your income has been on the border in the past, due to these changes, your ability to file for Chapter 7 Bankruptcy vs a Chapter 13 Bankruptcy might have changed.

Past Median Income Levels for Kansas:

1 Earner $45,653
2 Person $60,562
3 Person $67,349
4 Person $80,639
5 Person $88,739

Median Income Levels for Kansas as of April 1, 2016:

1 Earner $45,707
2 Person $60,634
3 Person $67,429
4 Person $80,735upward trend
5 Person $89,135

Past Median Income Levels for Missouri:

1 Earner $44,233
2 Person $54,632
3 Person $63,491
4 Person $74,298
5 Person $82,398

Median Income Levels for Missouri as of April 1, 2016:

1 Earner $44,286
2 Person $54,697
3 Person $63,566
4 Person $74,386
5 Person $82,786

You are presumed to qualify for Chapter 7 Bankruptcy if your household yearly income, as determined by the Means Test, is below the Median Income Level. However many factors determine which Chapter of Bankruptcy you may qualify for and which course of action is in your best interest.

Filing for Bankruptcy and getting your fresh start can benefit you; let our Kansas City Bankruptcy Attorneys explain how. Contact us today for your free consultation.

November 1, 2015 Bankruptcy Median Incomes for Kansas and Missouri

It’s that time of year again. November 1, 2015 brings new Median Income Levels for Kansas and Missouri Bankruptcy Filers. The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 bankruptcy? As of November 1, 2015 the Median Income Levels will changed once… Continue Reading

Walden & Pfannenstiel, LLC receives Certificate of Appreciation from KWAA

April 18, 2011 marked the Kick Off of the first ever Food From the Bar Campaign, a statewide food drive, organized by the Kansas Women Attorneys Association to get the legal community to fight hunger in Kansas. Our office has been continuously active in this Campaign raising over 750lbs of food plus cash for Cross-Lines… Continue Reading

November 1, 2014 Median Income Levels for Kansas and Missouri Bankruptcy Filers

The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of November 1, 2014 the Median Income Levels will change once again. Median income levels in Kansas are up for the most part. The exception is for the family household size of… Continue Reading

Suburbia’s Wilting Economy: Johnson County, KS

I recently read an article in the JOCO – The Johnson County Government Magazine, titled “The truth about poverty in Johnson County.” While as Bankruptcy Attorneys we deal with people everyday facing financial problems, this article really brings home not only the problem our County is facing, but also the fact that something needs to… Continue Reading