At Castle Law Office, we believe that bankruptcy isn’t a setback—it’s a solution. It’s a powerful, legal tool that offers hope, healing, and a fresh financial start. And thanks to recent changes in bankruptcy law for 2025, it’s more accessible and beneficial than ever.
Here’s how the new laws are helping individuals and families just like yours reclaim control of their finances:
1. Higher Limits = More Protection
Starting April 1, 2025, the U.S. Bankruptcy Code was updated to reflect inflation, meaning the financial limits and protections have gone up. What does that mean for you?
- More property and income can now be protected in a bankruptcy filing.
- You may now qualify for bankruptcy even if you didn’t in the past.
This change opens the door for more people to take advantage of bankruptcy’s benefits.
2. Clarity Around Tax Payments
A recent Supreme Court decision ensures clearer rules around older tax payments. For those considering bankruptcy, this means more certainty and less confusion when it comes to dealing with past tax obligations—making the process smoother and more predictable.
3. Stronger Protections for Employees and Retirees
A new bipartisan bill introduced in late 2024 aims to give working Americans more protection in corporate bankruptcy cases, including:
- Increased wage protection
- Additional security for pensions and severance
- More fairness in how executive bonuses are handled
This reflects a growing trend: the law is shifting to protect everyday people—not just big businesses.
4. Hope for Student Loan Relief
Bankruptcy laws are also being reviewed to make it easier to discharge student loan debt. While this is still evolving, the conversation is moving in the right direction—toward giving real relief to those burdened by overwhelming student debt.
5. More State-Level Asset Protection
States like Michigan are increasing the value of assets you can keep in bankruptcy—like your home. While Kansas and Missouri have their own exemption rules, Castle Law Office keeps a close eye on every opportunity to help protect your property and future.
6. Bankruptcy Is Becoming the Smart Choice for More People
Bankruptcy filings are steadily increasing across the country—and for good reason. More people are realizing that bankruptcy is a smart, legal, and responsible way to reset your finances and move forward with confidence.
Bankruptcy = Empowerment
At Castle Law Office, we don’t just help people file bankruptcy—we help them rebuild, recover, and thrive. If you’re feeling overwhelmed by debt, know that you are not alone, and there is a way out. Bankruptcy is not the end—it’s the beginning of something better.
Let’s talk about your options.
Our Kansas City bankruptcy lawyers want you to succeed after filing for bankruptcy and we'll do everything in our power to make that happen. Give us a call at 816-842-6200 to speak with an attorney about your financial situation, or contact us online to schedule your free consultation.
