April 1, 2021: New Median Income Figures Released for Kansas and Missouri Bankruptcy Filers Not sure which Chapter of Bankruptcy you should file? Finding out what you qualify for, may be a good place to start. In Bankruptcy, the Means Test looks at your Median Income and Family Size to determine which Chapter you may [...]
Bankruptcy is not inherently bad or good. It is an important protection for honest consumers who find themselves in big trouble with debt. A small minority of filers try to abuse the bankruptcy process to hide assets and cheat creditors. A large part of the reason why people say bankruptcy is bad is because they [...]
In Bankruptcy, the Means Test looks at your Median Income and Family Size to determine which Chapter you may file: Chapter 7 or Chapter 13 As of November 1, 2017, the Median Income Levels have been updated. Median income levels in Kansas and Missouri are up once again, proof of a growing economy! If your [...]
The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of April 1, 2016 the Median Income Levels changed once again. Median income levels in Kansas and Missouri are up across the board! If your income has been on the border in [...]
A New Year is a time to look at the next 12 months with hope and possibility, let our bankruptcy attorneys assist you and have a Happy New Year in 2015. Every day we see debtors and their households struggling with debt. The debt is keeping these families from enjoying their lives together, because they [...]
The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of November 1, 2014 the Median Income Levels will change once again. Median income levels in Kansas are up for the most part. The exception is for the family household size of [...]
The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of tomorrow, May 1, 2013, the Median Income Levels are changing once again. They are back up in Kansas. This comes after the Median Income decrease we saw on November 1, 2012. [...]
Have you filed bankruptcy? Is your student loan debt still dragging you down? Share your story! The National Association of Bankruptcy Attorneys (NACBA) is interested in hearing from you! The organization has increased its story collection efforts to help bolster their advocacy, legislative and media programs. They are asking for additional borrower anecdotes for use [...]
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 [...]