Who is a Bankruptcy Trustee? A bankruptcy trustee is a person appointed by the United States Trustee, an officer of the Department of Justice, to represent a debtor's estate in a bankruptcy proceeding. Bankruptcy trustees evaluate and make recommendations about various debtor demands in accordance with the U.S. Bankruptcy Code. The U.S. Trustee program oversees [...]
Will I lose my retirement if I file bankruptcy? 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 retirement would be safe [...]
How will my bankruptcy case be filed electronically? Is filing a bankruptcy case electronically safe? If you hire a Bankruptcy Attorney to file your Bankruptcy case – it will be filed electronically. Since September 1, 2004 all Kansas Bankruptcy Attorneys have been required to file documents through Electronic Case Management / Electronic Case Filing (CM/ECF). [...]
Why do I have to take a Credit Counseling Course before I file my Bankruptcy Case? Credit Counseling Requirements 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 [...]
Can Bankruptcy stop a garnishment? How much of my money can they take!?! Consumers file bankruptcy for several reasons one of which is to stop a garnishment on their paychecks or bank accounts. We typically see order of garnishment for 25% of paychecks. This is assuming they are non-government debts. If they are government debts, [...]
Can I only file bankruptcy once? Can I file bankruptcy twice? Can I file bankruptcy three times? Would you be surprised to learn there is actually NO limit on the number of times you can file bankruptcy? However... there are limitations. (Yes, there is a difference!) There are two chapters of bankruptcy most often used [...]
Are your tools safe if you file a bankruptcy case in Kansas? Are your tools exempt 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 [...]
Requirements must be met to file a Chapter 7 Bankruptcy Case Meeting those requirements, doesn't mean that filing a Chapter 7 bankruptcy case is in your best interest. 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 [...]
Bankruptcy will ruin my credit forever. I will never be able to purchase anything again. FALSE. In truth, a bankruptcy case will be reported under the public record section of your credit report... and you will move on. This same section of your credit report is where court cases involving creditor judgments are also listed, [...]
Is your car safe if you file for Bankruptcy? Will someone come take your car after you file your bankruptcy case? 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 [...]