Student Loan Debt — Continued Struggle … With Support Available. There is more than $1.74 trillion in student loan debt. How did we get here? History of Student Loan Debt: To some degree, student loan issues go back to 1944 and the GI Bill. There have been various updates and changes over time. In regards […]
Student Loan Debt Support For You In 2024 Read Post »
Everything You Need to Know About Your 341 Meeting What Is a 341 Meeting of Creditors? A 341 Meeting of Creditors is a required step in the bankruptcy process. It’s an official hearing where you, the debtor, answer questions under oath about your financial situation. The meeting is led by the Bankruptcy Trustee assigned to
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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
May 15, 2024 Median Income Levels for Kansas and Missouri Bankruptcy Filers (again) Read Post »
UPDATE 5/15/24 The Biden-Harris Administration Announced it will Allow Borrowers More Time to Consolidate Loans to Get Credit for Progress Toward Loan Forgiveness Programs! This administrative fix ensures borrowers get proper credit for progress borrowers made toward income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF). The payment count adjustment is now anticipated to be
UPDATE TO 6/30/24 — Deadline April 30, 2024 : Student Loan Debt Recount Opportunity Read Post »
Bankruptcy Filings — The total number of filings … Is up … A total of 16% over last year. From the United States Courts: Bankruptcy filings rose 16 percent during the 12-month period ending March 31, 2024. That is a similar rate of acceleration as in the Dec. 31, 2023, quarterly report, but new bankruptcy
Bankruptcy Filings : 2024 Read Post »
April 1, 2024 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 April 1, 2024,
April 1, 2024 Median Income Levels for Kansas and Missouri Bankruptcy Filers Read Post »
Understanding Pre-Petition vs. Post-Petition Debt in Bankruptcy What Is Pre-Petition Debt? Pre-petition debt is any debt you owe before your bankruptcy case is filed with the court. The filing date is crucial—it marks the point when your debts are divided into pre-petition and post-petition categories. Examples of pre-petition debt include: When you file for bankruptcy,
What does pre-petition debt vs post-petition debt mean? Read Post »
Malissa L. Walden: Adjunct Professor and Bankruptcy Attorney Who Is Malissa L. Walden? Malissa L. Walden is an experienced bankruptcy attorney. She is the founder of Walden Legal Solutions, LLC. She is also an Adjunct Professor of Bankruptcy Law at the University of Kansas School of Law. Malissa has had a career spanning over two
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Understanding Reaffirmation Agreements in Chapter 7 Bankruptcy Considering Chapter 13 Bankruptcy? You can skip this post! Reaffirmation agreements only apply to Chapter 7 bankruptcy cases. What is a Reaffirmation Agreement? A reaffirmation agreement is a new contract between you and a creditor. By signing it, you agree to continue paying off a specific debt, even
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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
Chapter 13 Debt Limits Update : April 1, 2022 Read Post »
