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 »
Blog Posts Page 17
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 »
Financial lessons from Tori Spelling
This past week, actress and author Tori Spelling revealed that she has major money issues. The former 90210 star laments her extravagant lifestyle that now has brought her to the brink of bankruptcy. For those struggling to maintain their status in the middle class, this news may be met with little to no sympathy. However,… Read More »
Another American city contemplates bankruptcy
Another American city is set to go the way of Detroit if a financial solution cannot be found. Desert Hot Springs, California may enter a second round of bankruptcy proceedings after a new finance director discovered a $3 million shortfall in the city’s $13.5 million budget. City salaries and pensions are being cited as one… Read More »
Using bankruptcy to manage student loan debt
College graduates are projected to make more money over the course of their life than individuals who do not obtain a college degree. For some, the debt that is acquired while obtaining their degree leads to a lifetime of financial distress. A difficult financial situation can become further complicated when major medical issues are thrown… Read More »
Psychology of consumption could lead to bankruptcy
The hustle and bustle of the holiday season is here. From Thanksgiving to New Year’s there seems to be a non-stop push to engage in retail therapy. For some it is all part of the fun of the season. However, for others it is the beginning of a financial quagmire that ends in a mountain… Read More »
A computer may be your next financial planner
Can computers do a better job of helping you manage your money than a human advisor? Some new internet start-ups are betting that they can. If these new financial gurus are correct, this revolutionary idea may become the wave of the future. These companies have computer algorithms that are able to manage financial portfolios automatically…. Read More »
Bankruptcy news: several banks set to end payday loans
When facing an unexpected financial crisis, individuals seek financial relief in whatever way they can. For some, this leads them to take high interest payday loans. After months of pressure from consumer advocates, several large banks are taking meaningful steps to get out of the payday loan business. Payday loans are also known as deposit… Read More »