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April 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 April 1, 2014 the Median Income Levels will change once again. Median income levels are up across the board in both Kansas and Missouri – no foolin’! Due to these changes,… Continue Reading

Can I Qualify for a Mortgage After Bankruptcy?

We are often asked by clients if they will ever be able to buy a home if they file for bankruptcy.  Bankruptcy offers consumers a fresh start, meaning most consumers will walk away from all their unsecured debt like credit cards, medical debt, car repossessions, foreclosures, and collection judgments.  The cost of this fresh start… Continue Reading

2013: Bankruptcy Filings Drop — Kansas Bankruptcy Trends By County

The total number of Bankruptcy cases filed in federal courts for fiscal year 2013—the 12-month period ending September 30, 2013—totaled 1,107,699. Based on these numbers, total filings have gone down by 12% since fiscal year 2012. These statistics were released  by the Administrative Office of the U.S. Courts. As you can see by the below… Continue Reading

Is my Social Security Income protected from my Creditors?

Your social security income may be protected from creditors – meaning they cannot garnish your social security check or the bank account that it sits in – if you protect it correctly. The relevant law is a section regarding Old Age, Survivor, and Disability benefits, which contains this language: 42 USC §407 (a) In general:… Continue Reading

November 15, 2013 Median Income Levels for Kansas and Missouri

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 15, 2013 the Median Income Levels changed once again. Kansas single filers will see an increase while larger families have taken a hit.  This comes after the Median Income increases… Continue Reading