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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.

2013: Bankruptcy Filings Drop — Kansas Bankruptcy Trends By County

The total number of Bankruptcy cases filed in federal courts for fiscal year 2013—the 12-month period ending September 30, 2013—totaled 1,107,699. Based on these numbers, total filings have gone down by 12% since fiscal year 2012. These statistics were released  by the Administrative Office of the U.S. Courts. As you can see by the below… Continue Reading

Where is a Kansas Bankruptcy Case Filed?

Bankruptcy cases are filed in U.S. Bankruptcy Court, which is a division of the Federal District Courts.  Divorce, collection, probate and similar cases are filed in one of the 31 Kansas District Courts located sporadically throughout Kansas.  The three Kansas Federal Courthouses, which contain the bankruptcy courts, are located in Kansas City, Topeka, and Wichita.… 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