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What You Need to Know About Bankruptcy Reaffirmation Agreements

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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Chapter 13 Debt Limits Update : April 1, 2022

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

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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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Pre-Petition vs. Post-Petition Debt: What You Need to Know Before Filing Bankruptcy

Understanding Pre-Petition and Post-Petition Debt in Bankruptcy What Does Pre-Petition vs. Post-Petition Mean in Bankruptcy? When filing for bankruptcy, it’s important to understand the difference between pre-petition and post-petition debt. These terms define when your debt was created and determine whether it can be included in your bankruptcy case. Pre-Petition Debt Pre-petition debt includes everything

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Medical Debt and Bankruptcy: What Married Couples Should Know

How Medical Debt Impacts Your Marriage and Bankruptcy Options How Medical Debt Impacts Your Marriage Medical debt is one of the most common financial struggles for married couples. Whether it’s from an unexpected hospital stay, surgery, or ongoing treatments, these bills can add up quickly. In some cases, they can create stress and tension in

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Understanding Garnishments in Kansas: What You Need to Know

The bank received an order for garnishment — there goes your savings. Garnishment. What is Garnishment and How Does it Work? Garnishment allows creditors to collect unpaid debts by seizing your wages, bank accounts, or other property. In Kansas, creditors typically seek a court judgment before requesting a garnishment order. However, in some cases, they

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Can I Get Rid of ALL Debts When I File Bankruptcy?

Will you get rid of all of your debts when you file for bankruptcy? It depends. What kind of debts do you have going into the case? What type of case are you filing? What do you mean by ‘get rid of’ debts? The U.S. Trustee Program provides a Bankruptcy Information Sheet which gives general

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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 the American Rescue Plan: Key Highlights

Navigating the Financial Relief of the American Rescue Plan The newest coronavirus relief bill called the American Rescue Plan (ARP) has now passed both the House and the Senate. It is expected to be signed by the President tomorrow. Below are some of the highlights pertaining to taxes, as provided by our friends at Kongs

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COVID-19 Kansas Executive Orders and Your Finances

Navigating Financial Relief During the Pandemic 12/20 (UPDATE) As we continue the COVID-19 battle grounds we have seen an increase in the number of people fighting to keep their housing. As a result, the Federal foreclosure and eviction moratorium that was set to expire at the end of December will continue. The Federal Housing Finance

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