“When All of the Bailouts, Moratoria, and Stimulus Packages Just Haven’t Worked…” The 2009 Kansas Bankruptcy Institute will be April 24, 2009, at the Overland Park Doubletree Hotel. 9:00 a.m. Chapter 13 Update William H. Griffin, Chapter 13 Trustee, Fairway Jan Hamilton, Chapter 13 Trustee, Topeka Christopher T. Micale, Staff Attorney for Laurie B. Williams,…
Get the Fresh Start Only the Federal Bankruptcy Laws Can Give You
Monthly Archives: March 2009
Topeka Chapter 13 Trustee Inducted into American College of Bankruptcy
Jan Michael Hamilton, standing chapter 13 bankruptcy trustee for cases filed in Topeka, was inducted into the American College of Bankruptcy Friday. Hamilton was in the private practice of law from 1973 through 1999 when he was named to the trustee post. Hamilton traveled to Washington, D.C., for the ceremony at the U.S. Supreme Court…
Kansas Bank, Credit Union Seized
Government regulators seized two Kansas financial institutions March 20. Bank regulators closed Teambank of Paola, Kansas. Great Southern Bank of Missouri will assume its deposits. Teambank’s failure will cost the deposit insurance fund an estimated $98 million. Central Federal Credit Union of Lenexa was placed into conservatorship by the National Credit Union Administration.
What Interest Rate Does the Chapter 13 Bankruptcy Trustee Pay on Secured Claims?
EXPLANATION OF THE TOPEKA DISCOUNT RATE by Jan Hamilton, Standing Chapter 13 Trustee The Discount Rate (Interest Rate) for chapter 13 bankruptcy cases filed in Topeka, Kansas, on or after March 1, 2009, is 4.75%. This rate will typically be changed no more than once a month, on the beginning of the month. Beginning on…
Call Kansas Senators to Support Judicial Mortgage Modification in Bankruptcy
Judicial modification of residential mortgages in chapter 13 bankruptcy is part of H.R. 1106, which passed in the U.S. House of Representatives last week. The bill now moves to the U.S. Senate and may come up for a vote this week. We need your help to get the bill passed into law. Call your Kansas…
Do I Have to Pay Income Tax on Forgiven Mortgage Debt?
Mortgage Debt Forgiveness, IRS Tax Tips, March 5, 2009 –TT-2009-44 Here is a tax tip from the Internal Revenue Service about mortgage debt forgiveness: If your mortgage debt is partly or entirely forgiven during tax years 2007 –2012, you may be able to claim special tax relief and exclude the debt forgiveness income. Normally, debt…
What Would Jesus Say About Debts and Bankruptcy?
The Old Testament teaches the legal and moral obligation to pay just debts must be balanced with compassion and a call for cancellation of debts. Jesus promoted debt forgiveness and preached the importance of placing love and compassion above greed and wealth. In Luke 6:34-35, Jesus said: “And if you lend to those from whom…
7 Bankruptcy Mistakes to Avoid
The actions an individual takes leading up to filing bankruptcy can drastically affect his or her ability to get a “fresh start“. By avoiding these seven mistakes, one can travel successfully through the bankruptcy process without losing a pound of flesh. 1. THE CREDIT CARD RUN-UP MISTAKE: Don’t use your credit cards once you have…
Do Mortgage Arrears Get Paid Interest in Chapter 13 Bankruptcy?
DOES THE MORTGAGE CREDITOR GET INTEREST ON THE ARREARAGE PAID IN THE PLAN? By Jan Hamilton, Standing Chapter 13 Trustee Frequently, arrearages on real estate mortgages are paid through the plan. Do they bear interest or not? If they do, at what rate? While Judge Somers has (essentially on behalf of all of the judges…
Avoid Rapid Ripoff Loans
Beware of tax refund anticipation loans, they cost hundreds of dollars to get your tax refund a week or two early with the fees deducted from the refunds. More and more people are taking out these loans to catch up on their ordinary bills such as rent and utilities. Even more people are taking out…
Will I Go to Jail if I Can't Pay My Debts?
Don’t worry. We no longer have debtor’s prisons in America, thankfully. The prisons of revolutionary times are past history. It is not a crime to owe an ordinary debt and you won’t go to jail if you can’t pay. But do pay attention to court orders and do attend any court hearings you are ordered…
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Jill Michaux & Mark Neis
Attorneys at Law
Bankruptcy Law Office
Neis & Michaux, P.A.
825 Bank of America Tower
534 S. Kansas Ave., Ste. 825
Topeka, KS 66603-3446
T: 785-354-1471
F: 785-354-1170
Email: lawyers@neismichaux.com Website: www.neismichaux.com
Board Certified in
Consumer Bankruptcy Law
by the American Board of
Certification -
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