Can filing 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 [...]
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, [...]
December, 2020 -- (UPDATE) As we continue the COVID-19 battle grounds we have seen an increase in the number of people fighting to keep their housing. As a result, the Federal foreclosure and eviction moratorium that was set to expire at the end of December will continue. The Federal Housing Finance Agency (FHFA) announced it's [...]
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 [...]
Kansas Seniors At Risk Of Facing Foreclosure As Defaults on Reverse Mortgages Hit Record Rates In 2007 I was skeptical, at best, about Reverse Mortgages. As the Elder Law Project Manager for the law firm I worked at I traveled around nine different counties in Kansas and heard countless tells about how people had lost [...]