Economic Depression -- Inflation . . . Start thinking Bankruptcy now, to maximize your options later: If the economy and inflation has put more strain on your ability to pay off debt, filing bankruptcy with our Lenexa law office may be your best option. Don't wait to talk to Your Kansas City Bankruptcy Attorney. People [...]
Pre-petition debt vs. Post-petition debt When did you incur the debt? What does pre-petition vs post-petition mean in a Bankruptcy? Pre-petition debt: All debt that you have incurred prior to your bankruptcy case being filed. You must list all of your Creditors and debt when you file bankruptcy. Pre-petition debt is the debt that we [...]
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, 2014 the Median Income Levels will change once again. Median income levels are up across the board in both Kansas and Missouri – no foolin’! Due to these changes, [...]
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 [...]