CALL 913.438.1112

Tag Archives: kansas bankruptcy

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.

Bankruptcy Filing Fees on the Rise June 1, 2014

The Judicial Conference of the United States approved amendments to the Bankruptcy Court Miscellaneous Fee Schedule, which will go into effect on June 1, 2014.  The amendment affecting most bankruptcy filers is an increase to the administrative fee assessed at the filing of every bankruptcy case.  The administrative fee will increase to $75.00 for chapter… Continue Reading

Chapter 13 Debt Limits

Debtors have the option of filing a chapter 13 bankruptcy as long as some qualifications are met.  One of those qualifications is the debtor’s secured and unsecured debt amounts cannot exceed the limits set for a chapter 13.  A chapter 13 is a repayment plan that allows debtors to make monthly payments to the assigned… Continue Reading

November 15, 2013 Median Income Levels for Kansas and Missouri

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 15, 2013 the Median Income Levels changed once again. Kansas single filers will see an increase while larger families have taken a hit.  This comes after the Median Income increases… Continue Reading

Office Closed July 18th and 19th – Look For Us in Lindsborg, KS

Our office will be closed Thursday, July 18th and Friday, July 19th as our attorneys are attending the annual Kansas Women Attorney Association conference in Lindsborg, Kansas.  This year’s conference theme is Laurel Thatcher Ulrich’s quote “Well behaved women seldom make history.”  Continuing education courses will be offered on at least 18 different subjects!  Our… Continue Reading