Tag Archives: chapter 7

April 1, 2016 Median Income Levels for Kansas and Missouri Bankruptcy Filers

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 the past, due to these changes, your ability to file for Chapter 7 Bankruptcy vs a Chapter 13 Bankruptcy might have changed.

Past Median Income Levels for Kansas:

1 Earner $45,653
2 Person $60,562
3 Person $67,349
4 Person $80,639
5 Person $88,739

Median Income Levels for Kansas as of April 1, 2016:

1 Earner $45,707
2 Person $60,634
3 Person $67,429
4 Person $80,735upward trend
5 Person $89,135

Past Median Income Levels for Missouri:

1 Earner $44,233
2 Person $54,632
3 Person $63,491
4 Person $74,298
5 Person $82,398

Median Income Levels for Missouri as of April 1, 2016:

1 Earner $44,286
2 Person $54,697
3 Person $63,566
4 Person $74,386
5 Person $82,786

You are presumed to qualify for Chapter 7 Bankruptcy if your household yearly income, as determined by the Means Test, is below the Median Income Level. However many factors determine which Chapter of Bankruptcy you may qualify for and which course of action is in your best interest.

Filing for Bankruptcy and getting your fresh start can benefit you; let our Kansas City Bankruptcy Attorneys explain how. Contact us today for your free consultation.

November 1, 2014 Median Income Levels for Kansas and Missouri Bankruptcy Filers

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… Continue Reading

Suburbia’s Wilting Economy: Johnson County, KS

I recently read an article in the JOCO – The Johnson County Government Magazine, titled “The truth about poverty in Johnson County.” While as Bankruptcy Attorneys we deal with people everyday facing financial problems, this article really brings home not only the problem our County is facing, but also the fact that something needs to… Continue Reading

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… Continue Reading