Bankruptcy in Kansas
MERS Unmasked by Kansas Supreme Court
Much wailing and gnashing of teeth was heard in mortgage banking circles after the Kansas Supreme Court answered the question: “What is MERS?” Landmark National Bank v. Kesler, 289 Kan. 528, 216 P.3d 158, 2009 Kan. LEXIS 834. MERS, an acronym for Mortgage Electronic Registration Systems, Inc., was set up some years back by mortgage bankers to be the [...]
Kansas Legislature Once Again Looks at Exempting the Earned Income Credit
As part of the bankruptcy process, debtors are required to list all of their assets, which includes income tax refunds which they expect to receive. The refunds may also include the earned income credit (EIC) also known as the earned income tax credit (EITC). If a tax refund is received after the case is filed, [...]
Bankruptcy Relief for Farmers and Ranchers
Congress amended the bankruptcy law in 1986 to create a new bankruptcy remedy specifically for farmers and ranchers, known as Chapter 12. Prior to that, farmers and ranchers were forced to reorganize under Chapter 11, which is really designed for non-farm businesses, or file under Chapter 13, which is primarily intended for individuals with consumer [...]
What is Bankruptcy?
* WHAT IS BANKRUPTCY? Most people in today’s economy establish some sort of consumer debt, whether it be the purchase of a home, the purchase of an automobile, or perhaps to buy necessary furniture. The use of credit cards has expanded over the past years, and now “plastic money” is often times used in place [...]
Filing Bankruptcy in Topeka
Filing Bankruptcy in Topeka Filing Bankruptcy in Kansas? You have three courts that handle bankruptcies: Topeka, Kansas City and Wichita. If you live west of Topeka and live north of I-70 highway, seeking a Topeka bankruptcy lawyer like Paul Post may be your best option. Few western Kansas attorneys offer bankruptcy counsel, because it requires them [...]