Every time the phone rings, you are gripped with fear. Trips to the mailbox tie your stomach into knots. At times you feel trapped by your debt. Too embarrassed to ask friends or family for help but in desperate need of relief. If any of these scenarios feel familiar to you, it may be time… Read More »
Posts Categorized: Personal Bankruptcy
Choosing a good credit repair company in Kansas
Overwhelmed by debt and fearful of losing their homes, some Kansas residents are looking for relief in the form of credit repair services. Some companies are credible while others are less than honorable. For Kansas consumers desperate to get their financial house in order, it can be difficult to differentiate between the two. Here are… Read More »
Good credit can become bad credit quickly
It rarely is just one thing. Sure, sometimes a bankruptcy can be greatly helped along by a significant change or problem in your life. Losing a job or suffering a loss of hours, a divorce or a major health condition, like a stroke or heart attack can all contribute to your needing to consider filing… Read More »
What are bankruptcy exemptions?
Bankruptcy exemptions can be confusing for residents of Kansas who are considering filing a bankruptcy. The purpose of an exemption is to protect some of your property from being collected by the bankruptcy trustee and sold to satisfy your indebtedness. This prevents you from losing everything when you file a bankruptcy. The Bankruptcy Code provides… Read More »
Can you avoid bankruptcy?
There are two important elements in recovering from a significant amount of debt. Income and time. You need to have sufficient income to pay both your living expenses and your debts. And you need time. And if you have substantial debts, say a significant amount of credit card debt on top of a home mortgage,… Read More »
How final must finality be?
In law, there are substantive legal questions and procedural legal questions. A substantive question might be what is required to be eligible to file a bankruptcy case or what is the legal speed limit for a highway. Procedural questions address issues of the operation of courts and matter like how long do you have to… Read More »
Number of people struggling with medical debt may be decreasing
Medical debt is a major concern for many people in Kansas City. After all, the very costs associated with overcoming a major illness such as cancer or a heart attack can lead to thousands of dollars in medical debt. However, a recent survey reports that this dire situation may be on the decline for some…. Read More »
Completing credit counseling before filing for bankruptcy
When a debtor in Kansas City decides to file for bankruptcy, whether it is Chapter 7 bankruptcy or Chapter 13 bankruptcy, they must go through credit counseling within the 180 days prior to filing. The credit counseling organization must be approved by the government, specifically by the U.S. Trustee Program of the Department of Justice…. Read More »
When could filing for bankruptcy be a good option?
According to Epiq Systems, more than one million people in the nation chose to file for bankruptcy in 2012. As this shows, bankruptcy is not an uncommon choice for people in Kansas City to make, and for many is the best way to dig themselves out of a financial hole. Here are some signs that… Read More »
Kansas bankruptcy may not be the end for one’s credit
One major concern individuals in Kansas City may have when filing for bankruptcy is how it will affect their credit score. However, it may come as a surprise that filing for bankruptcy does not hurt one’s credit as much as one may think it does. For many people struggling with debt, the only alternative to… Read More »