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April 2025 Median Income Levels for Bankruptcy Filers in Kansas and Missouri

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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How Much Will My Chapter 13 Bankruptcy Plan Payment Be?

Chapter 13 Bankruptcy Plan Payment Understanding your Chapter 13 Plan Payment If you’re considering filing for Chapter 13 bankruptcy, you’re likely wondering, “How much will my monthly plan payment be?” The answer depends on several factors unique to your financial situation. Here’s a breakdown of what goes into calculating your payment. 1. Your Income and

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April 1, 2024 Median Income Levels for Kansas and Missouri Bankruptcy Filers

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,

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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

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April 1, 2021: Bankruptcy Median Income Updates for Kansas and Missouri

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

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Understanding November 2018 Median Income by Family Size for Bankruptcy

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

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