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What is a Rule 2004 examination in bankruptcy?

Every debtor that files bankruptcy must make one court appearance where they attend their meeting of creditors, also called a 341 meeting. At the meeting, you will meet the trustee assigned to your case. The trustee will ask you required questions and may ask additional questions to understand the big picture of your financial situation.   For most people, the paperwork and information supplied at the 341 meeting are enough for the case to move forward to confirmation. If the trustee

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Valuing Vehicles in Bankruptcy

Many people who are looking at filing bankruptcy have a car that they need to get to and from work, as well as to run errands and do every day activities. When talking about bankruptcy with an attorney, many people do not want to “claim bankruptcy” on their car, or worry about losing their car in bankruptcy. Generally, when you file bankruptcy in Kansas, you are able to keep your

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Going to Court in Bankruptcy

Every debtor that files a bankruptcy must make one court appearance where they attend their meeting of creditors, also called a 341 meeting. However, in most cases a debtor will never step foot in a formal court room or appear before the bankruptcy judge. During the 341 hearing the judge is not present and the hearing is held in a meeting room rather than in a courtroom. You will be

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Bankruptcy, Professional Licenses, and Employment Discrimination

Many professionals, such as teachers, nurses, real estate brokers, and even funeral home directors are required to obtain a license or certification before they may begin a job in their chosen field. People in licensed professions or people who plan to become licensed often ask if a bankruptcy will affect their license or the ability to obtain a license in the future.  

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Cross Collateralization Agreements

Cross collateralization is a provision in many credit union loan agreements. It can create some complications for someone who is filing for bankruptcy. Today’s post will discuss the clause and why it matters in bankruptcy. First, let’s run though the typically scenario of the cross-collateralization clause in effect.  

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Tax Refunds and Bankruptcy

People that file bankruptcy between January and mid-April (during tax season) often ask what happens to their tax refund and what can they do to protect it. Today’s post discusses ways to protect your 2020 tax refund depending on if you have already received your refund (but not spent it) or are expecting a refund. 

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