In Bankruptcy, the Means Test looks at your Median Income and Family Size to determine which Chapter you may file: Chapter 7 or Chapter 13 As of November 1, 2017, the Median Income Levels have been updated. Median income levels in Kansas and Missouri are up once again, proof of a growing economy! If your [...]
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 [...]
If you have filed for bankruptcy, please read the public notices from the NACBA and the United States Bankruptcy Courts. Remember at no time during the preparation of your case or after filing your case will your bankruptcy attorney or the attorney’s staff call and request an immediate wire transfer. Should you receive such a [...]
A New Year is a time to look at the next 12 months with hope and possibility, let our bankruptcy attorneys assist you and have a Happy New Year in 2015. Every day we see debtors and their households struggling with debt. The debt is keeping these families from enjoying their lives together, because they [...]
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 1, 2014 the Median Income Levels will change once again. Median income levels in Kansas are up for the most part. The exception is for the family household size of [...]
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 [...]
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, 2014 the Median Income Levels will change once again. Median income levels are up across the board in both Kansas and Missouri – no foolin’! Due to these changes, [...]
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 [...]
What does a change in Median Income Levels mean to you? As of November 1, 2012 the Median Income Levels are back down in Kansas. This comes after the Median Income rise we saw in May 1, 2012. In Missouri, the Median Income change reflects a decrease except for larger families. Despite the decreases, these [...]
What does a rise in Median Income Levels mean to you? Starting May 1, 2012 the Median Income Levels went up in Kansas and Missouri. In addition the IRS National Standard Deductions changed. If you have been considering filing for Bankruptcy this means that you may be more likely to qualify for a Chapter 7 [...]