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 [...]
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 [...]
Are you late on your rent -- Want to file Chapter 7 Bankruptcy ... Know the risks and your options. So, what is going to happen if you file a Chapter 7 Bankruptcy while you are late on rental payments? It depends! You may be able to stay in your apartment, but there may be [...]
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, [...]
Considering or have filed a Chapter 13 Bankruptcy case? Ignore This Educational Bankruptcy Post -- Are you a Chapter 7 filer with secured property that you would like to keep? This post is for you. For those of you that filed a Chapter 7 and have a security interest in property -- you may hear [...]
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 [...]
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 [...]
