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Category Archives: Bankruptcy FAQ

Get The Answers You Need Now! Our Kansas City Bankruptcy Attorneys Provide Answers To Your Most Frequently Asked Chapter 7 Bankruptcy And Chapter 13 Bankruptcy Questions! Find Out If Filing For Bankruptcy In Kansas or Missouri Will Provide You With the Debt Relief You Seek.

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… Continue Reading

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… Continue Reading

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… Continue Reading

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… Continue Reading

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… Continue Reading

If I file bankruptcy can I keep my house?

When you file for bankruptcy any property you own will be classified as exempt property or non-exempt property.  Exempt property is safe during the bankruptcy.  Non-exempt property can be sold for the benefit of your creditors.  Each state is allowed to decide what exemptions are available to their residents. In Kansas, a Kansas resident is… Continue Reading