Bankruptcy Blog Archives

The BAPCPA required that you pass an income test to file Chapter 7 Bankruptcy. The income test will analyze your median income and determine if it is above of below other similarly sized Idaho families. If your median income is above, additional means testing will have to be done. If your income is below, you [...]

Filing Chapter 7 Bankruptcy can be a quick, easy and cheap way to discharge most or all of your unsecure debt. Chapter 7 Bankruptcy is a liquidation bankruptcy and your non-exempt assets will be sold to repay your creditors. Creditors will be paid in the order determined by federal bankruptcy law. Chapter 7 Bankruptcy can [...]

There will be certain debts which will not be discharged by filing either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. These debts are called non-dischargeable debt and are decided by federal bankruptcy law. Regardless of where you live, all non-dischargeable debt will be the same and failure to pay these debts will allow your creditors [...]

Over one million individuals have had to file personal bankruptcy over the last year. If you are suffering a severe financial crisis, if creditors are calling you day and night or if you can not pay your bills you are not alone. If may seem like you are in a desperate situation, but the federal [...]

Non-dischargeable debt is determined by federal bankruptcy code. Certain debts will not be discharged by filing bankruptcy in Kansas. If you fail to pay you non-dischargeable debt, collection efforts will continue. The following list identifies non-dischargeable debt in the state of Kansas: Federal, state and local taxes. May be subject to specific time rules. Spousal [...]

A resort near Vancouver that will host the upcoming Winter Olympic downhill events could be auctioned off in the middle of the games, according to news reports. Creditors are seeking to auction off the assets of Intrawest LLC, which includes the Whistler Sliding Center that will host the bobsleigh and luge competitions in February. The [...]

Image via Wikipedia The Chapter 7 income test will analyze your income to determine if it is below the median income compared to other families of similar size in the state of Kansas. If the income for your family is above the median income level of other Kansas families, more means testing will have to [...]

Chapter 7 Bankruptcy is the most popular type of bankruptcy. It is inexpensive (around $300), quick and relative easy. Chapter 7 Bankruptcy will discharge most of your unsecured debt with in four to six months of filing. A Bankruptcy Lawyer will work with you to file your bankruptcy petition in the appropriate Kansas bankruptcy court [...]

Many individuals are currently experiencing difficult financial times. Homes are depreciating, joblessness is on the rise and credit cards are used to pay for basic living expenses leading to high credit balances and excessive penalties and interest. If you are currently facing: home foreclosure, harassing creditor calls, wage garnishments or a repossession of you property, [...]

Most people who file bankruptcy will file Chapter 7 Bankruptcy. Chapter 7 Bankruptcy is the cheapest, least complicated and fastest way to discharge all or most of your unsecured debt. Chapter 7 Bankruptcy will allow you to discharge your debt with in four to six months by liquidating your assets and using the proceeds from [...]