Mortgage Meltdown Melodrama - Tied to the Railroad Track:Â A Story of Villains, Heroes, and Happy Endings will be featured at the 20th annual conference of the Kansas Women Attorneys Association in Lindsborg in July. Kansas Chief Bankruptcy Judge … [Continue reading]
Jill Michaux Re-Elected to Bankruptcy Law Network Leadership Post
Posted on June 1, 2009 Written by
Jill A Michaux was re-elected to a second term as treasurer of the Bankruptcy Law Network, LLC, at its annual meeting May 31, 2009, in Chicago. Bankruptcy Law Network, a group of 25 nationally recognized bankruptcy attorneys, provides four portals … [Continue reading]
Bankruptcy Stops Garnishment
Posted on April 19, 2009 Written by
Yes, both wage and bank account garnishments can be stopped by filing bankruptcy. Garnishments after the bankruptcy is filed violate the automatic stay. Ideally, you will file bankruptcy before the garnishment order is served on your employer or … [Continue reading]
Kansas Bankruptcy Institute April 24
Posted on March 29, 2009 Written by
“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 … [Continue reading]
Topeka Chapter 13 Trustee Inducted into American College of Bankruptcy
Posted on March 28, 2009 Written by
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 … [Continue reading]
Kansas Bank, Credit Union Seized
Posted on March 20, 2009 Written by
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 … [Continue reading]
What Interest Rate Does the Chapter 13 Bankruptcy Trustee Pay on Secured Claims?
Posted on March 10, 2009 Written by
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 … [Continue reading]
Call Kansas Senators to Support Judicial Mortgage Modification in Bankruptcy
Posted on March 9, 2009 Written by
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 … [Continue reading]
Do I Have to Pay Income Tax on Forgiven Mortgage Debt?
Posted on March 8, 2009 Written by
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 … [Continue reading]
What Would Jesus Say About Debts and Bankruptcy?
Posted on March 8, 2009 Written by
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 … [Continue reading]
7 Bankruptcy Mistakes to Avoid
Posted on March 8, 2009 Written by
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 … [Continue reading]
Do Mortgage Arrears Get Paid Interest in Chapter 13 Bankruptcy?
Posted on March 8, 2009 Written by
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 … [Continue reading]
Avoid Rapid Ripoff Loans
Posted on March 7, 2009 Written by
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 … [Continue reading]
Will I Go to Jail if I Can't Pay My Debts?
Posted on March 7, 2009 Written by
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 … [Continue reading]
Will I Lose My Retirement Fund if I File Bankruptcy?
Posted on March 4, 2009 Written by
Question: Is my retirement account I have worked hard for all my life down the drain if I file bankruptcy? Generally, retirement accounts are protected in bankruptcy and you get to keep them in Kansas. KPERS, Kansas deferred compensation plan, … [Continue reading]
10 Things to Think About Before Using Your Credit Card After Bankruptcy
Posted on March 3, 2009 Written by
Ten Things to Think About Before Using Your Credit Card After Bankruptcy 1. Establish a realistic budget. Before using a credit card after bankruptcy, try paying cash for a while. This will help you learn how much money you need each month to … [Continue reading]
