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….
Tag Archive: chapter 7
Can I Discharge My Traffic Tickets If I File For Chapter 7 Bankruptcy In Kansas?
The simple answer is no, but read on. Although Chapter 7 bankruptcy often discharges many types of debts and helps people gain a fresh start. There is a limited list of debts that cannot be discharged. The non-payment of these debts is typically thought of not to be in the general public’s best interest. They…
Is My Car Loan Discharged in a Kansas Bankruptcy Case?
Many people who come to visit with us about filing for bankruptcy have car loans. One of the most common questions from people is whether their car loan will be discharged in their bankruptcy case. Car loans are treated differently depending on what kind of bankruptcy you file. A Chapter 13 bankruptcy is open for…
Can I Get a Car Loan After Bankruptcy?
Many people recognize the need for a change in their financial lives. For many households filing bankruptcy is the necessary change to allow for a future free of debt. However, many people are afraid that once they file for bankruptcy they will never be approved for a car loan and this fear leads them away…
National Association of Consumer Bankruptcy Attorneys (NACBA) needs your compelling student loan debt story!
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…
Median Income Levels Increase Making Chapter 7 and Chapter 13 Bankruptcy More Obtainable In Kansas And Missouri
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…
Can I stay in my apartment if I am late on my rent and file a Chapter 7 Bankruptcy case in Kansas or Missouri?
It depends! You may be able to stay in your apartment, but you need to know the risks and your options. Typically, if you are late paying your rent then your landlord can take you to court and have you evicted. On top of that — your landlord may get a judgment against you for…
Can a Kansas or Missouri Bankruptcy Save My House from Foreclosure?
If you are behind on your home mortgage filing for bankruptcy may give you the ability to save your home. There are two different chapters of bankruptcy utilized by most consumers – chapter 7 and chapter 13. An automatic stay will go into effect on the day your case is filed under either chapter, with…
Debtor’s Duties : Part II : Do I Have To List ALL Of My Assets and Liabilities in Kansas?
Yes! When you file your Chapter 7 or Chapter 13 Bankruptcy case in Kansas and/or Missouri you will have to list EVERYTHING! As was discussed in Debtor’s Duties : Part I, Debtors have a responsibility to the Court – such as listing ALL their creditors when filing their bankruptcy case. In this series of blogs,…
Do I Have To List ALL Of My Creditors When I File My Bankruptcy Case?
Yes, you must list ALL of your creditors. Debtor’s Duties : Part I There are many benefits to filing a Chapter7 Bankruptcy or Chapter 13 Bankruptcy case – you can stop a garnishment of wages, foreclosure on your home and harassing phone calls from creditors. Not only that, but you can discharge much, if not…
