Bankruptcy Law Blog

Bankruptcy Filing Fees on the Rise June 1, 2014

The Judicial Conference of the United States approved amendments to the Bankruptcy Court Miscellaneous Fee Schedule, which will go into effect on June 1, 2014.  The amendment affecting most bankruptcy filers is an increase to the administrative fee assessed at the filing of every bankruptcy case.  The administrative fee will increase to $75.00 for chapter [...]

Chapter 7, Chapter 13, Chapter 20 — Bankruptcy Options Are Available

As a consumer, what Chapter of Bankruptcy is right for you? A Chapter 7? A Chapter 13? A Chapter 20? A Chapter 7 Bankruptcy involves the collection and liquidation of non-exempt assets. The proceeds of the non-exempt assets are distributed to your unsecured creditors. A Trustee will be appointed to your Bankruptcy case to administer [...]

Chapter 13 Debt Limits

Debtors have the option of filing a chapter 13 bankruptcy as long as some qualifications are met.  One of those qualifications is the debtor’s secured and unsecured debt amounts cannot exceed the limits set for a chapter 13.  A chapter 13 is a repayment plan that allows debtors to make monthly payments to the assigned [...]

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, [...]

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 [...]

2014 – A New Year and a New Financial You

The New Year is a time to look at the next 12 months with hope and possibility, let our bankruptcy attorneys assist you and have a Happy New Year in 2014.  Every day we see debtors and their households struggling with debt.  The debt is keeping these families from enjoying their lives together, because they [...]

Filing Bankruptcy after Christmas

Christmas is the season of joy and giving.  Your credit cards might have saw a fair amount of action on Black Friday and Cyber Monday.  Credit cards are a necessity to make safe purchases on those cyber bargains and are easier to carry around town when making your last minute purchases.  Some consumers require credit [...]

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 [...]

Use Your 2013 Tax Refund to Eliminate Your Debt

Tax season will be upon us in a few short months.  Many households anxiously await their 2013 federal and state tax refunds.  Some filers hope to purchase necessities or make a luxury purchase they could not afford without receiving the refund.  Others will decide their refunds will be best spent by catching up on their [...]

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