Should you file bankruptcy after retirement? Ideally, by the time you reach retirement age you'll have enough assets to sustain a comfortable standard of living. Unfortunately, there are many financial struggles retirees are experiencing due to poor insurance coverage, rising medical expenses, and inadequate living adjustments in Social Security, pensions, and retirement accounts. Individuals need [...]
Dirty words. 4-letter words? Bankruptcy. Why is filing for bankruptcy and starting over a faux pas? No one wants to file for bankruptcy. But hearing stories from just a few of the millions laid off because of COVID-19 shows how it can make sense. Yet, a woman who had filed bankruptcy stated, “Bankruptcy is a [...]
Accurate credit reports are essential for today’s consumers, so they can receive the best financing options available. It is important for all consumers to understand how and what kind of debts are reported on a credit report. The information reported on your credit report will determine your credit score.
Consumers must do their research before signing up with a debt settlement company.
April 1, 2021: New Median Income Figures Released for Kansas and Missouri Bankruptcy Filers Not sure which Chapter of Bankruptcy you should file? Finding out what you qualify for, may be a good place to start. In Bankruptcy, the Means Test looks at your Median Income and Family Size to determine which Chapter you may [...]
It is not unusual for people to consider bankruptcy filings this time of year because of tax refunds. Many use tax refunds to pay off all of their debt through a bankruptcy filing instead of trying only pay a couple of bills here and there. You may also now have the opportunity to use a [...]
Are you wondering about the American Rescue Plan? The newest coronavirus relief bill called the American Rescue Plan (ARP) has now passed both the House and the Senate. It is expected to be signed by the President tomorrow. Below are some of the highlights pertaining to taxes, as provided by our friends at Kongs & [...]
Find out the Myths and Facts of filing for Bankruptcy.
December, 2020 -- (UPDATE) As we continue the COVID-19 battle grounds we have seen an increase in the number of people fighting to keep their housing. As a result, the Federal foreclosure and eviction moratorium that was set to expire at the end of December will continue. The Federal Housing Finance Agency (FHFA) announced it's [...]
Expect your Kansas City Bankruptcy Attorneys to continue to guide you through the Bankruptcy process -- You will be fully prepared to "meet" with the Kansas City Bankruptcy Trustee assigned to your Bankruptcy case! Since March, 2020, all 341 Meetings have been held by phone. We expect this to continue as long as necessary to [...]