How Quickly Can You File Bankruptcy After Your Consultation? If you’ve had an initial consultation with Walden Legal Solutions and are ready to move forward, the timeline for filing bankruptcy depends on a few steps that need to be completed first. Here’s what you need to know: Steps Before Filing How Quickly Can You File? […]
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Updated April 2025 Median Income Levels for Kansas and Missouri Bankruptcy Filers Navigating bankruptcy can be overwhelming, but understanding the latest income thresholds is crucial for determining eligibility. Starting April 1, 2025, new median income levels for Kansas and Missouri have been released. These figures are essential for those undergoing the Means Test, which determines
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Why Should I File for Bankruptcy? Understanding the Benefits and Key Considerations Is Bankruptcy the Right Choice for You? Filing for bankruptcy is a significant decision, but for many individuals and families, it’s the best way to regain financial control and start fresh. Below are seven compelling reasons why bankruptcy might be the right solution
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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 »
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,
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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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Understanding the New Median Income Figures for Bankruptcy Filers April 1, 2021: New Median Income Figures Released for Kansas and Missouri Bankruptcy Filers Not sure which chapter of bankruptcy you should file? Finding out what you qualify for may be a good place to start. In bankruptcy, the Means Test looks at your median income
April 1, 2021: Bankruptcy Median Income Updates for Kansas and Missouri Read Post »
Navigating Your Bankruptcy Hearing with Confidence 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! Since March, 2020, all 341 Meetings have been held by phone. We expect this to
Navigating Bankruptcy: Median Income and Your Options Chapter 7 or Chapter 13 As of November 1, 2018, the Census Bureau Median Income by Family Size has been updated—this happens about every six months. Several of the median income levels in Kansas and all of the median income levels in Missouri are up. If your income
Understanding November 2018 Median Income by Family Size for Bankruptcy Read Post »
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