Bankruptcy FAQ

Is a Fresh Start Possible When the State Works Against You?

2024-02-16T20:52:28+00:00March 6th, 2024|

Families and Poverty -- How Can Your State Protect You … Fresh Start 2024. A report from the National Consumer Law Center (NCLC) shows how states lack in offering assistance and protection to its citizens. Every state has a set of exemptions that allow one to avoid losing everything to the creditors. Per the NCLC [...]

What does pre-petition debt vs post-petition debt mean?

2024-01-10T10:32:52+00:00February 21st, 2024|

Pre-petition debt – Post-petition debt … What do they mean? It all comes down to when you incurred the debt. Meaning, what is the date that you bought something, charged something, or borrowed funds. Why do we care? In bankruptcy cases, the ‘when’ of these actions is a big deal. It can mean the difference [...]

Bankruptcy Alternatives You May Consider : Know Your Financial Options

2024-01-08T22:46:17+00:00February 7th, 2024|

No Bankruptcy – Consider the Alternatives … Bankruptcy vs Other Financial Options:  Have you ever been stressed and overwhelmed by your debt situation? Have you ever wondered if bankruptcy would be right for you? Have you ever considered if there were other options you could try? Have you ever decided that bankruptcy should only be [...]

Navient Student Loan Class Action Suit ** UPDATE **

2024-01-10T10:25:42+00:00January 24th, 2024|

Navient — Student Loan Debt… Class action suit. (original post 11/9/23)   Navient Class Action Suit ** UPDATE **   As additional questions keep coming in regarding this class action suit, here is an update: The matter of Youssef v. Navient Solution; Case No. 23-MC-2113 (HG), Adv. Pro. No 17-1085 has been settled. The proposed [...]

November 1, 2023 Median Income Levels for Kansas and Missouri Bankruptcy Filers

2023-11-15T17:58:11+00:00October 25th, 2023|

November 1, 2023 Median Income Levels for Kansas and Missouri Bankruptcy Filers The Means Test looks at your Median Income to determine for which Chapter of Bankruptcy you qualify: Chapter 7 or Chapter 13 Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. On November 1, 2023, [...]

The Business of Credit Cards

2023-08-09T19:49:27+00:00August 23rd, 2023|

Credit Card Markets: Back in Business – Consumers Debt Soars. According to Cassandra Cassidy a writer for the Economy portion of Morning Brew, booming credit card debt is the result of higher prices caused by inflation, rising interest rates, and strong consumer confidence, as well as 24 million new credit cards issued in the last [...]

Student Loan Debt Forgiveness: IDR – The New Debt Relief Program

2023-11-15T18:11:53+00:00July 19th, 2023|

Student Loan Debt Forgiveness Round … -- What now. As I posted in January, Student Loan Debt Relief has been a hot topic for some time now. You can’t scroll through a news feed without seeing a new story – a promise of hope. A dashed chance for forgiveness. Legal fights, forgiveness blocked, new proposals, [...]

WPLLC Wednesday’s Client Wins: The Wilson’s

2023-07-06T21:14:28+00:00July 12th, 2023|

Walden & Pfannenstiel, LLC: Wednesday’s Client – Wins… Aaron and Rachel Wilson’s Journey This young couple came to us struggling to make it on their current salaries, with a young child, a home loan and monthly credit card debt. In addition to their current debt situation, their old farm home was in serious need of [...]

Bankruptcy Fraud : Punishable under Federal Law

2023-06-21T16:17:43+00:00June 21st, 2023|

Bankruptcy Fraud: A Federal Crime -- Even the intent to commit, may be punishable. One of the first signature lines I read along with my Clients: I have examined this petition, and I declare under penalty of perjury that the information provided is true and correct. … I understand making a false statement, concealing property, [...]

The Duped Consumer: Student Loan Forgiveness Scams

2023-05-10T15:33:08+00:00May 10th, 2023|

Scams Fraud The duped consumer. As of 2022 the Federal Trade Commission reported 2.4 MILLION fraud reports and losses of more than $8.8 billion. You Know Me! The number one scam category: imposter scams. These types of scams involve criminals pretending to be a trusted organization such as a bank, the police or a government [...]

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