Kansas Bankruptcy Laws

Kansas has one bankruptcy court, the Kansas Bankruptcy Court. It serves the entire state of Kansas .

Kansas Bankruptcy Exemptions
Exempt property is property that you are allowed to keep in a chapter 7 bankruptcy. State law determines what property is exempt. According to Lawyers.com, under Kansas bankruptcy laws, you may keep:

• Homestead to 160 acres of faming land, one acre in the city or a mobile home unless the property was acquired within the previous 1,215 days, and then the homestead exemption is limited to $125,000 in home equity under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
• Household furnishings, equipment, supplies, food, fuel and clothing for one year.
• Jewelry to $1,000.
• One motor vehicle to $20,000.
• Books, furniture, tools, equipment, breeding stock, seed grain or growing plant stock for person's trade to $7,500.
• Funds held for prearranged funeral agreement.
• Burial plot.
• Worker's compensation.
• Unemployment compensation.
• Public assistance.
• Life insurance proceeds and interest if bankruptcy was filed more than one year after policy issued.
• Uniforms, arms and equipment of national guard.
• Property held by landlord in lieu of rent or goods held on approval.
• Pension or retirement money except support.
• 75% of disposable earnings.
• Crime victim's reparation award.
• Trust funds held in a cemetery merchandise trust.

NOTE: These are the major bankruptcy exemptions. Check with your bankruptcy lawyer for a full exemptions list.

New Bankruptcy Law Changes - Outlines major changes you should know about in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), also known as the new bankruptcy laws.

This is important! The new bankruptcy law requires all debtors to fulfill two education requirements: a credit counseling course prior to filing and a financial management course before obtaining a discharge. Failure to complete either of these courses and file the appropriate certificates with the court will prevent a successful bankruptcy. The Chapter 13 Trustee will offer the required courses to Chapter 13 debtors, but Chapter 7 debtors are required to take the courses on their own.

Find a U.S. Trustee Approved Pre-Bankruptcy Counseling Provider and Post-Filing Debtor Education Provider.