ICYMI: Bankruptcy Filings Take Sharp Drop On August 1, 2022 the US Courts published the following information regarding bankruptcy filings: Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. According to statistics released by the Administrative Office of the [...]
Scared to file Bankruptcy because of your employment? Wondering if your Boss can fire you for filing a case? Technically, no. It is not legal for any employer to fire you because you filed for bankruptcy. Doing so would be discrimination. As a matter of fact, depending on which Chapter of Bankruptcy you file -- [...]
Will the Trustee come to my house? Is the Trustee going to go through all of my stuff? How is the Trustee going to know what needs to be sold in my case? What Clients often think will happen: Many of our clients want to know when the trustee will come to their home to [...]
BANKRUPTCY : CHAPTER 13 DEBT ELIGIBILITY LIMITS 2022 Increases In Filing And Exemption Limits For Bankruptcy Cases - The debt limitations are adjusted every 3 years. The Judicial Conference of the United States gave notice of the changes going into effect for cases filed after March 31, 2022: Chapter 13: Debtors have the option of [...]
Tax Season 2021 Tax Refunds and Bankruptcy How will you use your Tax Refund? Tax season will be upon us in a few short weeks. I know many have already filed. Many households anxiously await their 2021 federal and state tax refunds. (some have already received theirs!) Some filers hope to purchase necessities or make [...]
What is a Proof of Claim? A form document document in bankruptcy cases. This form is typically filed by creditors that want to be paid. Who should file? A proof of claim may be filed by a creditor in either a Chapter 7 or Chapter 13 bankruptcy. The document is available online at United States [...]
Medical Debt Medical debt can lead to bankruptcy. Medical debt can mean joint debt. When people think about the debt listed on their credit reports and how the debt is affecting their credit scores, most are probably thinking of credit card debt. However, medical debt is a huge issue for people trying to make ends [...]
Your employer has received a request for garnishment -- there goes your earnings. The bank received an order for garnishment -- there goes your savings. Garnishment. Now what are you going to do to get through the month? Garnishment is a procedure where wages, money or intangible property of a person can be seized or [...]
What’s Mine is Mine until it becomes Ours when we get married – right? Not necessarily, what yours is yours (we are talking about the debt you are bringing in to the marriage right now). To some degree you have a choice on how much you decide to co-mingle when you get married. Maybe you [...]
Where will my Kansas bankruptcy case be filed? Bankruptcy cases are filed in U.S. Bankruptcy Court, which is a division of the Federal District Courts. Your Attorney will file your case electronically. Divorce, collection, probate and similar cases are filed in one of the 31 Kansas District Courts located sporadically throughout Kansas. While the three [...]