Families and Poverty -- How Can Your State Protect You … Fresh Start 2024. A report from the National Consumer Law Center (NCLC) shows how states lack in offering assistance and protection to its citizens. Every state has a set of exemptions that allow one to avoid losing everything to the creditors. Per the NCLC [...]
Pre-petition debt – Post-petition debt … What do they mean? It all comes down to when you incurred the debt. Meaning, what is the date that you bought something, charged something, or borrowed funds. Why do we care? In bankruptcy cases, the ‘when’ of these actions is a big deal. It can mean the difference [...]
November 1, 2023 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 Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. On November 1, 2023, [...]
Bankruptcy Fraud: A Federal Crime -- Even the intent to commit, may be punishable. One of the first signature lines I read along with my Clients: I have examined this petition, and I declare under penalty of perjury that the information provided is true and correct. … I understand making a false statement, concealing property, [...]
Bankruptcy - A Chapter 7? A Chapter 13? A Chapter 20? As a consumer, what Chapter of Bankruptcy is right for you? Options are available. Chapter 7 Bankruptcy: 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 [...]
Has your Drivers License been suspended? Wondering how bankruptcy can help you get it back -- The process will depend on what caused the suspension. The Good News: In 1971 the U. S. Supreme Court in the case of Perez v. Campbell stated under 11 U.S.C. 525(a) of the Bankruptcy Code: "if the debt that caused the [...]
Bankruptcy Knowledge: Also means knowing -- What not to do... Bankruptcy can offer debtors a fresh start. It can allow budgets to work again and for debtors to regain a sense of calm in their lives. We want our clients’ cases and experience with the bankruptcy court to go as smoothly as possible. Here are [...]
Pre-petition debt vs. Post-petition debt When did you incur the debt? What does pre-petition vs post-petition mean in a Bankruptcy? Pre-petition debt: All debt that you have incurred prior to your bankruptcy case being filed. You must list all of your Creditors and debt when you file bankruptcy. Pre-petition debt is the debt that we [...]
Can I file bankruptcy with perfect credit? I pay all of my debts on time (but I'm struggling) . . . Can I still file? Yes. Your credit history does not influence your ability to qualify for Bankruptcy. There are no rules or requirements related to your credit you must meet when filing for bankruptcy. [...]
Where will my Kansas bankruptcy case be filed? Bankruptcy cases are filed in U.S. Bankruptcy Court, which is a division of the Federal District Courts. Your Attorney will file your case electronically. Divorce, collection, probate and similar cases are filed in one of the 31 Kansas District Courts located sporadically throughout Kansas. While the three [...]
