Chapter 13 bankruptcy is officially called an adjustment of debts for individuals with regular income. This relief is limited to people who have debts under the limits, but you have to owe a lot of money before you become ineligible. What are the current chapter 13 bankruptcy debt limits? As of April 1, 2010, the…
What Can I Do If I Can’t Afford My Chapter 13 Payments? by Peter Orville of Bankruptcy Law Network You always have options if there are significant changes in your life during your Chapter 13. If you’ve been laid off, become sick, split up with your spouse or just can’t keep up with the rising…
Questions the Trustee is required to ask you at your bankruptcy hearing called a 341(a) meeting of creditors: 1. State your name and current address for the record. 2. Please provide your picture ID and Social Security number card for review. 3. Did you sign the petition, schedules, statements, and related documents and is the…
Chapter 13 bankruptcy is a powerful tool that may be able to help you end your bill problems. Here are 13 reasons Chapter 13 bankruptcy makes sense written by my Bankruptcy Law Network colleague, Doug Jacobs. Flexibility: you can dismiss the case at any time or even convert it to a Chapter 7. You can…
The Kansas Bankruptcy Court judges adopted standing order SO_10_02 mandating the use of a chapter 13 plan form for all cases filed after March 1, 2011. Differing language may be used but it must be placed in locations on the form for non-standard language. The rule is designed to make it easier for readers to…
Payments to the Topeka Chapter 13 Trustee should be mailed to a new lock box address starting March 1, 2011: Chapter 13 Trustee PO Box 2159 Topeka Kansas 66601-2159 You may also hand deliver to the 24 hour drop box at the trustee’s office at 507 SW Jackson, Topeka, Kansas. Make checks payable to “Jan…
We watched the arguments before the U.S. Supreme Court in Washington, D.C., yesterday in the bankruptcy case of Hamilton v. Lanning. We are not involved in this case. We attended as observers. The case deals with the formula for determining how much a debtor has to pay her general creditors in a chapter 13 bankruptcy…
Certain dollar amounts in the bankruptcy code are adjusted every three years for changes in the cost of living. The next change will be April 1, 2010. 2010 Federal COLA adjustments
More people will be able to get help for their debt problems on April 1, 2010, when the chapter 13 debt limits increase about seven per cent. $360,475 of unsecured debt $1,081,400 of secured debt These numbers are the caps on the amount of debt an individual may have and be eligible for chapter 13 bankruptcy. …
“TRANSFORMATION” RULE AND NEGATIVE EQUITY DISCUSSED; GAP INSURANCE, SERVICE CONTRACT NOT PART OF COLLATERAL In re Miller, Case No 08-40935 December 2008, Judge Karlin Debtor sought, and was permitted, to pay only the cost of the car, rather than cost plus other charges. Court did not rule on whether certain fees not adequately addressed by…
NEGATIVE EQUITY ISSUE NOT RULED UPON IN 1327 CASE In re Kuhasz, Case No. 07-20282 November 2008, Judge Somers Court noted split within the district. Judge Karlin excluded negative equity from PMSI claim in In re Padgett, 389 BR 203, while Judge Nugent included it. In re Ford 387 BR 14827 but declined to rule…
