November 1, 2022 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 In pre-COVID fashion, on November 1, 2022, the Median Income Levels will change once again. Typically, Median Income Levels are adjusted [...]
Can you purchase a home after a bankruptcy filing? Yes, sometimes it is even possible during a Chapter 13 case. How quickly you are able to purchase a home and qualify for a loan is up to the discretion of the lender and the work you put into building your credit. Is buying a home [...]
When looking for stress relief options: Go straight to the source— Moms what do you do for stress management? In a recent poll Moms were asked what they do for stress management. Below are some of the responses. While some may have been said in jest, they are likely the most truthful and/or wishful-thinking. Hide. [...]
Bankruptcy Considered -- Why do people file bankruptcy? Top 5 Reasons Revealed: In several studies over the years as to why people file bankruptcy, five major reasons tend to be named repeatedly: Loss of Income This is not surprising. When paychecks stop, financial troubles start. In addition, it can mean a loss of health insurance, [...]
IRS provides penalty relief for certain 2019 and 2020 tax returns: To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service (IRS) issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is working diligently to identify Chapter 7N, 7A, [...]
Student Loan Debt Relief: Feelings vs Facts It’s been one week since Biden announced his Student Loan Debt Plan. What have you been hearing? “I’ll take it, but is it going to affect my life that much? Not in the long run…” ~Amanda Connelly (currently has $85,000 in loans and is getting ready to take [...]
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 [...]
Oxytocin, Serotonin, Dopamine Dogs? Oh, my. Pets. They are cute. They make us laugh with their silly antics. They help us gain a sense of responsibility. They keep us active. They show us unconditional love. What about Mental health? Spending time with your pet is a relaxing, enjoyable way to reduce stress. Some time back I [...]
Economic Depression -- Inflation . . . Start thinking Bankruptcy now, to maximize your options later: If the economy and inflation has put more strain on your ability to pay off debt, filing bankruptcy with our Lenexa law office may be your best option. Don't wait to talk to Your Kansas City Bankruptcy Attorney. People [...]
Who knew? Being read to so is nice. Kids that ask for a book each night… I am late to the game. Podcasts: I have listened to a few podcasts here and there over the last years. During COVID and Zoom Meetings, one of the Book Clubs I was in used a Podcast for discussion [...]