What about the Bankruptcy Trustee?
Who is a Bankruptcy Trustee? A bankruptcy trustee is a person appointed by the United States Trustee, an officer of the Department of Justice, to represent a debtor's estate in a bankruptcy proceeding. Bankruptcy trustees evaluate and make recommendations about various debtor demands in accordance with the U.S. Bankruptcy Code. The U.S. Trustee program oversees [...]
If I file bankruptcy will I lose my retirement?
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 [...]
Bankruptcy and electronic filing
How will my bankruptcy case be filed electronically? Is filing a bankruptcy case electronically safe? If you hire a Bankruptcy Attorney to file your Bankruptcy case – it will be filed electronically. Since September 1, 2004 all Kansas Bankruptcy Attorneys have been required to file documents through Electronic Case Management / Electronic Case Filing (CM/ECF). [...]
Credit Counseling and Bankruptcy?
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 [...]
How to stop a garnishment
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, [...]
How Many Times Can You File Bankruptcy?
Can I only file bankruptcy once? Can I file bankruptcy twice? Can I file bankruptcy three times? Would you be surprised to learn there is actually NO limit on the number of times you can file bankruptcy? However... there are limitations. (Yes, there is a difference!) There are two chapters of bankruptcy most often used [...]
The FRESH START Through Bankruptcy Act of 2021
BREAKING: Bill Introduction Follows Senate Judiciary Committee Hearing On Student Loan Bankruptcy Reform Yesterday the Senate Judiciary Committee announced the introduction of the FRESH START Through Bankruptcy Act of 2021, a bipartisan bill that would restore the ability for struggling borrowers to seek a bankruptcy discharge for federal student loans after a waiting period of [...]
Will the Trustee take all of my tools if I file Bankruptcy?
Are your tools safe if you file a bankruptcy case in Kansas? Are your tools exempt as Tools of the Trade? Under the Kansas bankruptcy exemption statute, every person is entitled to claim “books, documents, furniture, instruments, tools, implements and equipment, breeding stock, seed grain . . . reasonably necessary in carrying on the person’s [...]
Can I file a Chapter 7 Bankruptcy?
Requirements must be met to file a Chapter 7 Bankruptcy Case Meeting those requirements, doesn't mean that filing a Chapter 7 bankruptcy case is in your best interest. The two chapters of bankruptcy utilized by most consumers are chapter 7 or chapter 13. A case filed under chapter 7 will be a shorter case, where [...]