A Few Scary Things That Can Happen In Bankruptcy: Halloween Edition October 2015
Here are a few scary things that can happen to a person in bankruptcy in Kansas:
- Losing a potential tax refund by filing too early
- Losing a pending claim for personal injury
- Being forced to sell a wedding ring ($1,000 exemption per debtor is all)
- Having to turn over an inheritance if received within 6 months after filing.
Now granted, these things aren’t that scary but they are good to know ahead of time. The problems above are mainly in a chapter 7 filing, but there is some application in a chapter 13 also.