Kansas and Missouri debtors can protect their retirement in bankruptcy In a chapter 13 bankruptcy you repay your creditors through a 3 or 5 year repayment plan. The trustee in a chapter 13 case does not look for any of your property that he can sell for the benefit of the creditors, so your…
Category Archives: Bankruptcy FAQ
PDF Why Do I Have To Take A Credit Counseling Course Before I File My Bankruptcy?
Credit Counseling Requirements Before Filing For Personal Bankruptcy In Kansas City As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, before you file for bankruptcy relief, you must take a credit counseling course. This is a onetime class which you may take over the phone, online or in person. The certificate…
Can Bankruptcy Stop a Garnishment?
Consumers file bankruptcy for several reasons one of which is to stop a garnishment on their paychecks or bank accounts. Most consumers file a chapter 7 or chapter 13 bankruptcy, both will give you the protection of the automatic stay. The automatic stay goes into effect the moment your case is filed. Repeat filers with…
What Is A 341 Meeting Of Creditors And What Can I Expect At My Bankruptcy Hearing?
Expect your Kansas City Bankruptcy Attorneys to continue to guide you through the Bankruptcy process – You will be fully prepared to meet with the Kansas Bankruptcy Trustee assigned to your Bankruptcy case! After your bankruptcy case has been electronically filed in Kansas, a 341 meeting (Meeting of Creditors) will be scheduled. This meeting will…
How Many Times Can You File Bankruptcy?
There are two chapters of bankruptcy most often used by consumers, chapter 7 and chapter 13. When you can file another bankruptcy case and receive a discharge of your debts depends on what chapter you last filed and when you filed. If you received a discharge in a chapter 7 case filed: Within the last…
How will my bankruptcy case be filed electronically?
If you hire a Bankruptcy Attorney to file your Bankruptcy case – it will be filed electronically. Since September 1, 2004 all Bankruptcy Attorneys in Kansas have been required to file documents through Electronic Case Management / Electronic Case Filing (CM/ECF). This allows Bankruptcy Attorneys to file and have access to records 24 hours a…
Can I file a Chapter 7 Bankruptcy?
The two chapters of bankruptcy utilized by most consumers are chapter 7 or chapter 13. A case filed under chapter 7 will be a shorter case, where the trustee assigned is looking for nonexempt property to sell for the benefit of the creditors. A case filed under chapter 13 will be open for 3-5 years,…
Will the Trustee take all of my tools if I file Bankruptcy?
Or can I exempt them as Tools of the Trade? Under the Kansas bankruptcy exemption statute, every person is entitled to claim “books, documents, furniture, instruments, tools, implements and equipment, breeding stock, seed grain . . . reasonably necessary in carrying on the person’s profession, trade, business or occupation.” To determine if your property can…
Will a Bankruptcy Affect My Credit Report?
A bankruptcy case will be reported under the public record section of your credit report. This same section of your credit report is where court cases involving creditor judgments are also listed. A bankruptcy case will be reported in the public records section for 7-10 years depending on the bankruptcy case filed. Chapter 13 bankruptcy…
Can I keep my car if I file Bankruptcy?
You can keep all personal property that is exempt. Under statute, every person residing in Kansas shall have exempt from seizure and sale upon any attachment, execution or other process issued from any court in this state certain personal property. Fortunately, Kansas exemptions are quite gracious so there is a good chance you may keep…
