Bankruptcy Fee Increases

The Judicial Conference of the United States has approved several bankruptcy fee increases starting on June 1, 2014. The new  fees will be:

Chapter 7:  $335 (up from $ 306)

Chapter 9: $1,717 (up from $1,213)

Chapter 11: $1,717 (up from $1,213)

Chapter 12:  $275 (up from $246)

Chapter 13:  $310 (up from $281)

Chapter 15: $1,717 (up from $1,213)

The last increase in filing fees was on November 1, 2011.

See Bankruptcy Court Miscellaneous Fee Schedule

 

Is an Inherited IRA Exempt in Bankruptcy?

retirementfundThe National Consumer Bankruptcy Rights Center (NCBRC) has filed an amicus brief on behalf of the National Association of Consumer Bankruptcy Attorneys (NACBA) membership in the U.S. Supreme Court case of Clark v. Rameker (In re Clark), No. 13-299.  This case involves whether or not a debtor may exempt an individual retirement account (IRA) that he has inherited.

To read more about this case and find a copy of the brief, go to http://www.ncbrc.org/

Please support NCBRC by making your donation today! http://www.ncbrc.org/

Photo Credit: LicenseAttribution Some rights reserved by LendingMemo

Child Tax Credit Not Exempt in Missouri

11351117455_acdedf066a_q

A recent Bankruptcy Appellate Panel decision found that the debtor may not exempt her federal Child Tax Credit refund under Missouri’s exemption for “public assistance.” Hardy v. Fink (In re Hardy), No. 13-6029 (B.A.P. 8th Cir. Dec. 23, 2013) (notice … [Continue reading]

Unpaid Tuition Dischargeable

ncbrc_logo

The failure to pay tuition did not result in nondischargeable debt. So said the court in In re Oliver, No. 12-4185 (Bankr. S.D. Ind. Oct. 8, 2013). The college was ordered to release the former student's transcript in a bankruptcy court contempt … [Continue reading]

Means Test Figures Change Nov. 15

NEW MEANS TEST FIGURES have been announced by the U.S. Trustee Program for use with bankruptcy cases filed on or after November 15, 2013. Here are the Kansas income numbers based upon family size: 1 - $43, 793 2 - $57,502 3 - $65,394 4 - … [Continue reading]

Kansas Bankruptcy Courts Stay Open During Federal Government Shut Down

open sign

The Kansas bankruptcy court is open for business even if the federal government shuts down. Cases may still be filed. Automatic stays still go into effect stopping collection. Help is still available. See how a government shutdown will affect … [Continue reading]

Kansas Bankruptcy Court Entrances Closed by Budget Cuts

Frank Carlson U.S. Courthouse

Only One Door Open to Public Only one entrance at each of the Kansas bankruptcy courts is now open to the public. All other doors at the courthouses are closed and locked to save money on security staffing because of budget cuts as of June 3, … [Continue reading]

Pay Your Credit Cards 0% in Chapter 13

But I want to pay my debts....I just can't do it at credit card interest rates. What you want, then, is Chapter 13. If the credit card company won't agree to an interest rate that you can handle, you can impose a Chapter 13 repayment plan on … [Continue reading]

Why Your Chapter 13 Bankruptcy Was Dismissed (And How To Avoid It)

Filing a Chapter 13 bankruptcy can feel like a brand new world. Unless you do your share, it won't last for long. Each month, thousands of people from around the country look to the bankruptcy court to stop a foreclosure, forestall a repossession, … [Continue reading]

New Way to Pay Your Topeka Chapter 13 Bankruptcy Payments

img_success-key

  There is a new way to pay your bankruptcy payment to the Topeka chapter 13 trustee. Jan Hamilton Trustee has contracted with TFS Bill Pay so you may send money to the trustee electronically. This is a service through a third party. It … [Continue reading]

New Less Paperwork Mortgage Mod Program Starts July 1

Washington, DC – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer a new, simplified loan modification initiative to minimize losses and to help troubled borrowers avoid foreclosure and stay in … [Continue reading]

Kansas Median Income Increases April 1, 2013

New median income data for bankruptcy cases filed on or after April 1, 2013, has been released by the U.S. Trustee Program. KANSAS 1 earner  $42,577 2 people $56,851 3 people $65,907 4 people $76,402 For cases filed on or after … [Continue reading]

EITC Exemption Update

5486338003_22baa78f1b_z

  We have two updates for you in the ongoing fight in Kansas for the right to keep one year's worth of earned income tax credit in bankruptcy. Kansas Bankruptcy Trustee Appeals Earlier this month, the Bankruptcy Appellate Panel affirmed the … [Continue reading]

Debtors Win EITC Appeal

207209564_86a48153bd_z

The new Kansas exemption law allowing a person to keep one year of earned income tax credit in bankruptcy is constitutional, a third court has ruled. This is good news for lower income working families with children who received EITC and who are … [Continue reading]

Congratulations Judge Norton!

parents

Congratulations to our friend and colleague, Cynthia Norton, who was sworn in today as U.S. Bankruptcy Judge for the Western District of Missouri. She is pictured here with U.S. District Court Chief Judge Fernando J. Gaitan, Jr., who administered the … [Continue reading]

Free Topeka Tax Help

taxhelp

Here is a list of where you can go in Topeka for free tax return preparation help. If you are a debtors in a bankruptcy case, take a copy of the 2012 tax returns, both federal and state, to your bankruptcy attorney. Refunds should not be spent … [Continue reading]