Bankruptcy Median Income Update: April 1, 2022
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 [...]
Use Your 2021 Tax Refund to Eliminate Your Debt
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
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 in a Bankruptcy case?
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 vs. Post-petition Debt
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, Marriage, and Bankruptcy
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 you file Chapter 7 or Chapter 13 Bankruptcy with perfect credit?
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. [...]
Garnishments in Kansas
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 [...]
Am I responsible for my spouse’s pre-marital debt once we marry?
What’s Mine is Mine until it becomes Ours when we get married – right? Not necessarily, what yours is yours (we are talking about the debt you are bringing in to the marriage right now). To some degree you have a choice on how much you decide to co-mingle when you get married. Maybe you [...]