BANKRUPTCY : CHAPTER 13 DEBT ELIGIBILITY LIMITS 2022 Increases In Filing And Exemption Limits For Bankruptcy Cases - The debt limitations are adjusted every 3 years. The Judicial Conference of the United States gave notice of the changes going into effect for cases filed after March 31, 2022: Chapter 13: Debtors have the option of [...]
Can Creditors take my Social Security? What should I tell Creditors when they call? I can't make my monthly payments with the little amount I make... We understand. It is difficult to live paycheck to paycheck. There is often only enough to cover the essentials, so when Creditors start calling (and keeping calling) it can [...]
April 1, 2022: New Median Income Figures Released for Kansas and Missouri Bankruptcy Filers In Bankruptcy, the Means Test looks at your Median Income and Family Size to determine which Chapter you may file: Do you qualify for a Chapter 7 or Chapter 13? On April 1, 2022, the Median Income Levels were updated for [...]
Tax Season 2021 Tax Refunds and Bankruptcy How will you use your Tax Refund? Tax season will be upon us in a few short weeks. I know many have already filed. Many households anxiously await their 2021 federal and state tax refunds. (some have already received theirs!) Some filers hope to purchase necessities or make [...]
Kansas Order for a Hearing in Aid in Execution of Judgment The collection letters and calls have been ignored... Now the Sheriff is at the door. Times are hard – you’ve lost your job, you got sick, the market hasn’t turned around, we're dealing with inflation – and you have not been able to make [...]
What is a Proof of Claim? A form document document in bankruptcy cases. This form is typically filed by creditors that want to be paid. Who should file? A proof of claim may be filed by a creditor in either a Chapter 7 or Chapter 13 bankruptcy. The document is available online at United States [...]
Pre-petition debt vs. Post-petition debt When did you incur the debt? What does pre-petition vs post-petition mean in a Bankruptcy? Pre-petition debt: All debt that you have incurred prior to your bankruptcy case being filed. You must list all of your Creditors and debt when you file bankruptcy. Pre-petition debt is the debt that we [...]
Medical Debt Medical debt can lead to bankruptcy. Medical debt can mean joint debt. When people think about the debt listed on their credit reports and how the debt is affecting their credit scores, most are probably thinking of credit card debt. However, medical debt is a huge issue for people trying to make ends [...]
Can I file bankruptcy with perfect credit? I pay all of my debts on time (but I'm struggling) . . . Can I still file? Yes. Your credit history does not influence your ability to qualify for Bankruptcy. There are no rules or requirements related to your credit you must meet when filing for bankruptcy. [...]
Your employer has received a request for garnishment -- there goes your earnings. The bank received an order for garnishment -- there goes your savings. Garnishment. Now what are you going to do to get through the month? Garnishment is a procedure where wages, money or intangible property of a person can be seized or [...]