Yes! When you file your Chapter 7 or Chapter 13 Bankruptcy case in Kansas and/or Missouri you will have to list EVERYTHING! As was discussed in Debtor’s Duties : Part I, Debtors have a responsibility to the Court – such as listing ALL their creditors when filing their bankruptcy case. In this series of blogs,…
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Do I Have To List ALL Of My Creditors When I File My Bankruptcy Case?
Yes, you must list ALL of your creditors. Debtor’s Duties : Part I There are many benefits to filing a Chapter7 Bankruptcy or Chapter 13 Bankruptcy case – you can stop a garnishment of wages, foreclosure on your home and harassing phone calls from creditors. Not only that, but you can discharge much, if not…
What Is A 341 Meeting Of Creditors And What Can I Expect At My Bankruptcy Hearing?
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 Bankruptcy Trustee assigned to your Bankruptcy case! After your bankruptcy case has been electronically filed in Kansas, a 341 meeting (Meeting of Creditors) will be scheduled. This meeting will…
Can I keep my car if I file Bankruptcy?
You can keep all personal property that is exempt. Under statute, every person residing in Kansas shall have exempt from seizure and sale upon any attachment, execution or other process issued from any court in this state certain personal property. Fortunately, Kansas exemptions are quite gracious so there is a good chance you may keep…
If I file bankruptcy can I keep my house?
When you file for bankruptcy any property you own will be classified as exempt property or non-exempt property. Exempt property is safe during the bankruptcy. Non-exempt property can be sold for the benefit of your creditors. Each state is allowed to decide what exemptions are available to their residents. In Kansas, a Kansas resident is…
What are the different Chapters of Bankruptcy?
There are several different Chapters of Bankruptcy. 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 money to pay your creditors. You may be able to keep…
What Debts Can I Get Rid Of In Bankruptcy?
The U.S. Trustee Program provides a Bankruptcy Information Sheet which gives general information about will happen in a bankruptcy case. In Kansas City, during your 341 meeting of creditors, your Trustee will ask if you have reviewed this sheet. Below is the information they provide regarding: What Is a Bankruptcy Discharge and How Does It…
