The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of tomorrow, May 1, 2013, the Median Income Levels are changing once again. They are back up in Kansas. This comes after the Median Income decrease we saw on November 1, 2012….
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PDFKansas Chapter 7 and Chapter 13 Bankruptcy Median Income Levels Decrease, Missouri Varies Depending On Family Size
What does a change in Median Income Levels mean to you? As of November 1, 2012 the Median Income Levels are back down in Kansas. This comes after the Median Income rise we saw in May 1, 2012. In Missouri, the Median Income change reflects a decrease except for larger families. Despite the decreases, these…
National Association of Consumer Bankruptcy Attorneys (NACBA) needs your compelling student loan debt story!
Have you filed bankruptcy? Is your student loan debt still dragging you down? Share your story! The National Association of Bankruptcy Attorneys (NACBA) is interested in hearing from you! The organization has increased its story collection efforts to help bolster their advocacy, legislative and media programs. They are asking for additional borrower anecdotes for use…
Median Income Levels Increase Making Chapter 7 and Chapter 13 Bankruptcy More Obtainable In Kansas And Missouri
What does a rise in Median Income Levels mean to you? Starting May 1, 2012 the Median Income Levels went up in Kansas and Missouri. In addition the IRS National Standard Deductions changed. If you have been considering filing for Bankruptcy this means that you may be more likely to qualify for a Chapter 7…
Kansas City Creditors calling with threats of Court Action, Garnishment or Foreclosure? Bankruptcy will STOP them all!
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Bankruptcy Filing Fees Increase Effective November 1, 2011
The Judicial Conference of the United States Bankruptcy Court has announced an increase in bankruptcy filing fees effective November 1, 2011. The filing fees are paid directly to the court usually in full at the time a debtor’s case is filed. The filing fee for a chapter 7 bankruptcy case will increase from $299.00 to…
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,…
Feel Guilty About Considering Bankruptcy?
So many times we see our bankruptcy clients in anguish over the thought of wiping out their debt. They feel guilty about walking away from their creditors. In some cases the dilemma is obvious; the small town doctor who agreed to bill you for your office visits – resulting in a small debt or the…
State Bankruptcies
The new bail out plan? State unfunded pensions, labor contracts, general obligation bonds – all unsecured debt? The former Speaker of the House is calling for a bill to support state bankruptcies. Should states be able to file bankruptcy? They cannot right now because they are considered sovereign. Proponents of the bill however say that…
Is it Time to File for Bankruptcy?
“Many people look forward to the new year for a new start on old habits.” Author Unknown. We rang in the New Year about two weeks ago toasting family and friends with hopes of following through on those pesky New Year resolutions. There is an abundance of advice on how to stick with those resolutions…
