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Does Kansas allow the use of federal bankruptcy exemptions? Kansas does not allow filers to choose between using state exemptions and the federal exemptions. If you have lived in Kansas for more than two years you must use Kansas state exemptions in your bankruptcy case.
A mailing matrix, sometimes called a "mailing list" or "matrix," is a list of the names and mailing address of creditors and parties in interest in a bankruptcy case. Each mailing matrix is processed into Case Management/Electronic Case Files (CM/ECF) by software that reads and interprets the text on each page.
Each case is different, but a general rule of thumb is that in a Chapter 7 case a debtor's discharge is usually entered between 90 and 120 days after the case was filed (provided no objections to discharge are filed).
When you file for Chapter 7 bankruptcy, you will have to complete a form called the Statement of Intention for Individuals Filing Under Chapter 7. On this form, you tell the court whether you want to keep your secured and leased property?such as your car, boat, or home?or let it go back to the creditor.
A Notice of Intention to Make a Proposal (commonly referred to as "NOI") is a procedure under the Bankruptcy and Insolvency Act (?BIA?) that allows financially troubled corporations the opportunity to restructure their affairs.
What is a discharge in bankruptcy? A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.
Another one of the myriad documents that you must complete when you file for bankruptcy is Official Form 108, called the "Statement of Intention." This document tells the bankruptcy trustee, the judge, and your creditors what you intend to do with certain property and certain leases.
Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses.