November 1, 2022 Median Income Levels for Kansas and Missouri Bankruptcy Filers
November 1, 2022 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 In pre-COVID fashion, on November 1, 2022, the Median Income Levels will change once again. Typically, Median Income Levels are adjusted [...]
Will I Ever Qualify For a Mortgage After Filing For Bankruptcy?
Can you purchase a home after a bankruptcy filing? Yes, sometimes it is even possible during a Chapter 13 case. How quickly you are able to purchase a home and qualify for a loan is up to the discretion of the lender and the work you put into building your credit. Is buying a home [...]
TV for Stress Relief?
Does this sound familiar? Kids are tucked into bed, evening routine is finished, and you feel a bit of excitement thinking of sitting on the couch and watching TV by yourself. You get to choose the show and watch the show without interruption. Just typing the words makes me smile. My evening TV time [...]
What do Moms do for stress management?
When looking for stress relief options: Go straight to the source— Moms what do you do for stress management? In a recent poll Moms were asked what they do for stress management. Below are some of the responses. While some may have been said in jest, they are likely the most truthful and/or wishful-thinking. Hide. [...]
Top 5 Reason People File Bankruptcy
Bankruptcy Considered -- Why do people file bankruptcy? Top 5 Reasons Revealed: In several studies over the years as to why people file bankruptcy, five major reasons tend to be named repeatedly: Loss of Income This is not surprising. When paychecks stop, financial troubles start. In addition, it can mean a loss of health insurance, [...]
Nailed It! Back to School Lunches
Back to school pictures are flooding proud parents social media pages. I love the pictures! There is always so much energy and positivity at the beginning of a school year. Back to school for many households means the beginning of packing school lunches. I decided to join a facebook group for some ideas for my [...]
IRS provides penalty relief for certain 2019 and 2020 tax returns
IRS provides penalty relief for certain 2019 and 2020 tax returns: To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service (IRS) issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is working diligently to identify Chapter 7N, 7A, [...]
Student Loan Debt Relief : Feelings vs Facts
Student Loan Debt Relief: Feelings vs Facts It’s been one week since Biden announced his Student Loan Debt Plan. What have you been hearing? “I’ll take it, but is it going to affect my life that much? Not in the long run…” ~Amanda Connelly (currently has $85,000 in loans and is getting ready to take [...]
ICYMI: Bankruptcy Filings Take Sharp Drop
ICYMI: Bankruptcy Filings Take Sharp Drop On August 1, 2022 the US Courts published the following information regarding bankruptcy filings: Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. According to statistics released by the Administrative Office of the [...]