Understanding Poverty in Johnson County, KS I recently read an article in the JOCO – The Johnson County Government Magazine, titled “The truth about poverty in Johnson County.” While as Bankruptcy Attorneys we deal with people every day facing financial problems, this article brings home not only the problem our County is facing but also […]
Suburbia’s Wilting Economy Read Post »
The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 As of tomorrow, May 1, 2013, the Median Income Levels are changing once again. They are back up in Kansas. This comes after the Median Income decrease we saw on November 1, 2012.
Understanding the Impact of Rising Median Income Levels on Bankruptcy Eligibility Starting May 1, 2012, the Median Income Levels went up in Kansas and Missouri. In addition, the IRS National Standard Deductions changed. If you have been considering filing for Bankruptcy this means that you may be more likely to qualify for a Chapter 7
I will be back soon
