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Category Archives: Bankruptcy Law Blog

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… Continue Reading

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… Continue Reading

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,… Continue Reading

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… Continue Reading

Retirement and Bankruptcy

Filing bankruptcy in retirement may not be such a bad idea by Cindy Perman, CNBC.com, is a good read for today’s retired population and their families.  The article discusses the financial struggles retirees are experiencing due to poor insurance coverage, rising medical expenses, and inadequate living adjustments in Social Security, pensions, and retirement accounts. Family… Continue Reading