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 [...]
Debtor's Duties: List all of your assets This is not optional. Debtors have a responsibility to the Court – such as listing ALL their creditors when filing their bankruptcy case. These are your liabilities. This may include priority debts, such as taxes or past due child support payments, debts that are secured by your home [...]
Debtor Duties: List ALL of your Creditors. This is not optional. There are many benefits to filing a Chapter7 Bankruptcy or Chapter 13 Bankruptcy case – -- Stop a garnishment of wages, foreclosure on your home and harassing phone calls from creditors! -- Discharge much, if not all, of the debt that has been holding [...]
Will I lose my retirement if I file bankruptcy? Chapter 13 bankruptcy you repay your creditors through a 3 or 5 year repayment plan. The trustee in a chapter 13 case does not look for any of your property that he can sell for the benefit of the creditors, so your retirement would be safe [...]
Why do I have to take a Credit Counseling Course before I file my Bankruptcy Case? Credit Counseling Requirements For Personal Bankruptcy In Kansas City As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, before you file for bankruptcy relief, you must take a credit counseling course. This is a onetime [...]
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, [...]
Chapters of Bankruptcy - the kind you file is going to be based on your needs and qualifications. Part of the Bankruptcy Information Sheet provided by U.S. Trustee Program explains each as follows: Chapter 7 – A trustee is appointed to take over your property. Any property of value will be sold or turned into [...]
Will you get rid of all of your debts when you file for bankruptcy? It depends. What kind of debts do you have going in to the case? What type of case are you filing? What do you mean by 'get rid of' debts? The U.S. Trustee Program provides a Bankruptcy Information Sheet which gives [...]
Dirty words. 4-letter words? Bankruptcy. Why is filing for bankruptcy and starting over a faux pas? No one wants to file for bankruptcy. But hearing stories from just a few of the millions laid off because of COVID-19 shows how it can make sense. Yet, a woman who had filed bankruptcy stated, “Bankruptcy is a [...]
Expect your Kansas City Bankruptcy Attorneys to continue to guide you through the Bankruptcy process -- You will be fully prepared to "meet" with the Kansas City Bankruptcy Trustee assigned to your Bankruptcy case! Since March, 2020, all 341 Meetings have been held by phone. We expect this to continue as long as necessary to [...]