Thirteen attorneys are appointed by the U.S. Trustee for Region 20 to serve as bankruptcy trustees in chapter 7 bankruptcy cases filed in Kansas. Their job is to administer the case by liquidating property and collecting money for creditors. The trustees are private attorneys, not government employees. All are veterans in the [...]

Popularity: 11% [?]

BAPCPA, the new bankruptcy law requires that random audits be conducted in at least one out of each 250 non business Chapter 7 and 13 cases.  The audits began just over one year ago.  In the first eight months of the audit program, 1631 audits were completed.  Of those, 29% of the cases audited were found [...]

Popularity: 31% [?]

Children whose parents have large educational debts can be enslaved to pay off those debts, says the US District Court judge John D. Rainey in the case of Pratt v. ECMC. The judge backed ECMC, a well heeled collector and, in effect, told Mrs. Pratt she has too many children.
I commented earlier on ECMC’s predatory [...]

Popularity: 24% [?]

…or you may be at risk of committing a bankruptcy crime.  You are required to list all of your assets, debts, and creditors.  You cannot pick and choose who and what to list.  When you sign your bankruptcy petition, you are swearing under penalty of perjury that the information contained in your bankruptcy papers is [...]

Popularity: 5% [?]

All above-the-median debtors must complete a “means test”.  Means test deductions are based on the IRS Standards.  The National or Local IRS Standards do not include a category for repayment of retirement loans or retirement contributions.  For Chapter 7 Debtors, however, there is a category (line 26) for “Other Necessary Expenses: mandatory payroll deductions”.  Line [...]

Popularity: 9% [?]