In an appreciating housing market, debtors in Chapter 13 bankruptcy sometimes want to know if they can refinance their home loan. The short answer is: Maybe. When a debtor is in Chapter 13, he/she is not supposed to take out...
Objections in Chapter 13 Bankruptcy
What happens when there is an objection to my proposed payment plan in Chapter 13? When a debtor files for Chapter 13 bankruptcy a proposed payment plan is presented and the Chapter 13 Trustee and creditors will review the plan...
February 18, 2022
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What Happens If My Spouse or I Die During My Bankruptcy
What happens when someone dies during bankruptcy? When a debtor dies during his/her bankruptcy there are a few things that could happen depending on the type of bankruptcy the person filed as well as whether it was a jointly filed...
November 15, 2021
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The IRS “Math Error” Letters
The IRS is Finally Catching Up After shutting down for over a year, the IRS is finally catching up with all of the tax returns filed in 2019 and 2020. With that, many people are getting an IRS "math error"...
September 24, 2021
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Kansas Chapter 13 Bankruptcy Cases May Change Soon
Kansas and Missouri are two very different states, so it shouldn’t be too surprising that they have different rules when it comes to how Kansas Chapter 13 bankruptcy and Missouri Chapter 13 bankruptcy cases operate in their federal courts. However,...
September 3, 2021
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What happens if I file for bankruptcy and move out of state?
At WM Law, we file bankruptcies for residents of Kansas and Western Missouri. However, we understand that people move constantly. So how do we address when people move? 1. If you are moving from another state to Kansas or Missouri...
August 14, 2020
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What will my credit report and credit score look like after filing for bankruptcy?
We understand the importance of a good credit score. Without good credit, you will pay thousands more in interest on a car loan, be denied credit when you need it most, and you may feel unfairly judged by companies due...
August 7, 2020
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What if my mortgage payment increases while I’m in Chapter 13 Bankruptcy?
What if your mortgage payment increases while you're in Chapter 13 Bankruptcy? If you were not behind on your mortgage before you file bankruptcy, then you would just continue making your regular mortgage payments directly to the mortgage company. If...
March 12, 2020
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Should I Close My Small Business If I Want to File a Bankruptcy?
We often consult with clients who own a small business in distress. If the business is not profitable, a Chapter 11 reorganization may allow the business to start fresh by reorganizing its debts. If the owner doesn’t want to continue...
February 10, 2020
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I’m Filing for Bankruptcy. What Can I Do With My Car(s)?
We like to discuss goals in our free initial consultations. After all, as financial counselors, we can’t effectively assist our clients if we don’t understand their goals. When it comes to a car, we have a few options to consider....
January 10, 2020
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