Wondering about filing Bankruptcy: The first step is the Consultation . . . But when can you file? If you're considering bankruptcy and have had an initial consultation with us at Walden & Pfannenstiel, LLC, you might be wondering how quickly you can file. Here’s what you need to know about the timeline. Steps Before [...]
Chapter 13 Bankruptcy: Plan Payments . . . What is the Process -- Chapter 13 bankruptcy, often called a “reorganization bankruptcy,” allows you to keep your assets while paying off your debts over time. The Chapter 13 Repayment Plan When you file for Chapter 13 bankruptcy, you propose a repayment plan to the court. This [...]
Do I Qualify for Bankruptcy? Am I able to file . . . A Quick Guide -- If you're overwhelmed by debt and struggling to keep up with bills, you might be considering bankruptcy as a way to get a fresh start. But how do you know if you qualify for bankruptcy? Here's a brief [...]
Your 341 Meeting is the official forum for you to appear and answer questions under oath -- 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 City Bankruptcy Trustee assigned to your Bankruptcy case. We once appeared at [...]
UPDATES for Median Income Levels: 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 Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. The Means Test is [...]
Pre-petition debt – Post-petition debt … What do they mean? It all comes down to when you incurred the debt. Meaning, what is the date that you bought something, charged something, or borrowed funds. Why do we care? In bankruptcy cases, the ‘when’ of these actions is a big deal. It can mean the difference [...]
November 1, 2023 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 Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. On November 1, 2023, [...]
Walden & Pfannenstiel, LLC: Wednesday’s Client – Wins… Aaron and Rachel Wilson’s Journey This young couple came to us struggling to make it on their current salaries, with a young child, a home loan and monthly credit card debt. In addition to their current debt situation, their old farm home was in serious need of [...]
Bankruptcy - A Chapter 7? A Chapter 13? A Chapter 20? As a consumer, what Chapter of Bankruptcy is right for you? Options are available. Chapter 7 Bankruptcy: A Chapter 7 Bankruptcy involves the collection and liquidation of non-exempt assets. The proceeds of the non-exempt assets are distributed to your unsecured creditors. A Trustee will [...]
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 [...]
