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Bankruptcy Posts

What Happens When You Declare Bankruptcy? 9 Things to Know

Immediately after filing for bankruptcy, you will receive a case number. A trustee will also be assigned to your case. This person oversees your filing...Read More »

What Are the Advantages of Filing for Bankruptcy?

As soon as you file for bankruptcy, you automatically get a stay against creditors contacting you for collection purposes. Your debt is not automatically canceled...Read More »

8 Ways a Bankruptcy Attorney Can Help You Repair Your Financial Life

Filing for bankruptcy is never easy, but if you are struggling with debt, it can be the path to drastically improving your financial life. The easiest and safest way to get started is to hire a competent bankruptcy attorney who can help you reduce risk and get back on track...Read More »

Can I Keep My Business While Filing Bankruptcy?

There are three main types of bankruptcy, which are known as Chapter 7, Chapter 11, and Chapter 13. Chapter 7 is known as liquidation and it is for businesses and individuals whose debts are so overwhelming that restructuring them using one of the other chapters is not feasible...Read More »

Debt When You File for Bankruptcy

The reason most people find themselves filing for bankruptcy is that they have debt that has become overwhelming and they can't pay it back on their own...Read More »

Collections in Debt Relief vs Bankruptcy

Most debt relief programs work by taking all of your bills and then charging you one monthly amount. The debt relief company keeps some of the money as their fee and saves the rest to offer to your creditors...Read More »

When Do I Need a Bankruptcy Attorney?

Not everyone qualifies to file for bankruptcy, especially for a chapter 7 bankruptcy claim. To determine your eligibility, the court will look at a number of factors like your household income and the number of people you support...Read More »

7 Reasons Hiring Bankruptcy Attorneys Can Actually Be a GOOD Thing

There are two different types of bankruptcies, which are referred to as Chapter 7 and Chapter 13. There are benefits and drawbacks to each type, and without the council of a bankruptcy lawyer, you may not choose the best option...Read More »

How Can I Find a Bankruptcy Lawyer Near Me?

Word of mouth is always a good way of finding someone to provide a service. If you know of friends or family members who have successfully filed bankruptcy, ask them which attorney they used and if they would choose that law firm again...Read More »

Is It Better to Settle Debt or Hire Bankruptcy Lawyers?

If you're considering debt settlement over hiring a bankruptcy attorney, you need to first know how debt settlement works. Essentially, debt settlement companies want you to stop making payments on your debt to your creditors so they can negotiate with them to resolve your debt for a fraction of what you owe...Read More »

When and How to File Bankruptcy

Bankruptcy is often a good alternative for people with debt that has gotten so out of control that it becomes impossible to catch up...Read More »

Can You File Bankruptcy Without a Lawyer?

The law does allow you to file bankruptcy without an attorney. If you are representing yourself in your bankruptcy claim you will need to complete extensive research to understand bankruptcy law and the responsibilities...Read More »

How Much Does a Bankruptcy Lawyer Cost?

While it would be convenient to know exactly how much it will cost you to hire a bankruptcy attorney, there are many variables that are involved that will impact your costs...Read More »

What Should You Do Before Hiring a Bankruptcy Attorney?

Understanding why your attorney does what they do can actually help you make the right call when it comes to who you hire. An attorney working in debt relief has a lot of opportunities to genuinely help people...Read More »

7 Signs It's Time to Hire a Bankruptcy Lawyer

It is a terrible feeling to be overwhelmed by debt, and you may realize that you are too far in over your head to get out...Read More »

Stroke of bad luck leads to bankruptcy

While there is one word to describe the state of being in an untenable debt situation — bankruptcy — there are four distinct types of filings available to pursue relief from that debt. There are those types designed for individuals and then there are those designed for businesses. In Kansas, sometimes the two entities are… Read More »

Bankruptcy tourism? Not likely in Kansas

Believe it or not, individuals considering bankruptcy may now be taking a page out of the playbook of medical tourists. Medical tourists travel from countries with expensive health care systems to countries with cheaper systems for medical procedures. So, a Kansas resident with tonsillitis might travel to India for surgery. But now, some people may… Read More »

Former college football coach reaches bankruptcy settlement

Any Kansas resident considering filing for bankruptcy should keep in mind that people from all professions and all walks of life use bankruptcy as a tool to eliminate debt. For individuals facing a seemingly relentless flood of debt, paying critical expenses, stopping foreclosure and stopping repossession of vehicles are often first priorities. Personal bankruptcy can… Read More »

Disaster preparedness should include financial preparedness

From tornadoes to wildfires, our nation has seen many natural disasters in the past few years. In the state of Kansas alone, 40,000 acres and 26 structures have burned due to prolonged drought coupled with high temperature. Beyond the physical loss of homes and businesses, there is an emotional and financial challenge that develops when… Read More »

Kansas recovering from economic downturn faster than national average

One of the big issues in this election year is jobs. Here in Kansas, citizens are reviewing the results of the 2012 Kansas Economic Report. Though the state unemployment rate has dropped since 2011, those still seeking employment remain concerned about Kansas’ job growth rate. Failure to secure employment puts these citizens in danger of… Read More »

Drop in foreclosures could signal stabilizing housing market

The last few years have brought job loss, under employment and general economic instability for many Americans. This week brought some good news to a housing market that has been staggering under the weight of the nation’s economic decline. Foreclosures have fallen in more than 60 percent of cities in the United States. A slowing… Read More »

Hostess bankruptcy closing bakeries in Kansas

The iconic American food company, Hostess, has announced that a judge has approved a plan to close the company. Lovers of such products as Twinkies, Wonder Bread and Drake’s snacks are clamoring to buy their beloved favorites before they possibly disappear forever. This development marks the end of 82 years of conducting business. It also,… Read More »

The real cost of Kansans getting a college education

For many Kansas residents, getting a college education is one of the first financial investments young people make. Unfortunately, given the ever increasing costs, a wrong decision could lead to unexpected financial difficulties in the future. For many people, getting a clear view of the costs of education may be a challenge. However, there are… Read More »

The new threat to social security

Working Americans have paid into the social security system and are expecting a return in their retirement. Currently the cost of living adjustments are calculated using the Consumer Price Index (CPI). However, a new budget proposal presented by the White House attempts to use a different rubric to calculate cost of living. The potential changes… Read More »

How bankruptcy can help where credit counseling has failed

It is often said on this blog that unexpected life events can result in huge financial distress. This is very true for one family that discovered their child had a learning disability. After one couple’s son was extensively tested, it was discovered that he had an auditory processing disorder. However, his scores were not low… Read More »