What's going on with your Student Loans and do you need to be making payments? UPDATE 12/4/20 : The federal student loan administrative forbearance period (the pause in interest accrual, and the suspension of collections activity) has been continued through January 31, 2021 in response to COVID-19 National Emergency. "The coronavirus pandemic has presented challenges [...]
Taxes are never fun to think about. Filing for 2020 is even going to be less fun. No withholding, PPP loans, business debt, unemployment, no employment – What if you got married this year? The IRS recently posted a checklist for your consideration: Name and address changes Name. When a name changes through marriage, it is [...]
Bankruptcy is not inherently bad or good. It is an important protection for honest consumers who find themselves in big trouble with debt. A small minority of filers try to abuse the bankruptcy process to hide assets and cheat creditors. A large part of the reason why people say bankruptcy is bad is because they [...]
Walden & Pfannenstiel, LLC again named among Top 10 Best Kansas City Bankruptcy Lawyers. As Featured on Blogger Local -- Are you searching for the top-rated Kansas City bankruptcy attorneys and law firms? Every day in Kansas City, homeowners and consumers search for local “bankruptcy lawyers near me”. We scoured the Internet and found the [...]
COVID-19 has changed our way of life and it needs to change the way we look at our money. With the economy moving towards a recession, you need to be in the best possible position. How do you do that? Establish an emergency fund. Having emergency cash means benign prepared if your income drops in [...]
There was a recent news article about a Seattle man happy to be alive after a long struggle with COVID-19. Yet, after nearly losing the battle day after day for months – he stated what was “heart-stopping” was receiving his medical bill. A whopping $1.1 MILLION! It’s not likely that he will owe all of [...]
She suited up and took her position on the field again, self-confident and ready to play ball. I was hesitant, nervous and excited. Should we be there at all? Ready to kick off a season scheduled to start 3 months ago… It couldn’t have just been cancelled. This is JoCo! We need our Youth Sports! [...]
April, 2020 -- our COVID wallets Consumer spending plunged 13.6%, the biggest monthly decline on record. Not surprising given nationwide lock downs. Americans mainly spent on essentials given the economic uncertainty. So, the savings were a result of our circumstances. Possibilities are available to come out better than you went in. Personal income jumped 10.5%, [...]
Just because you’re eligible and took the right steps to RECEIVE your check, does NOT mean you will be the one getting it. Who can step in? Private debt collectors with active garnishments. The funds could be seized as soon as they hit your personal account. Federal government for back child support. Who cannot step [...]
On March 27, 2020, the president signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers. But what does it really mean for you? From March 13, 2020, through Sept. 30, 2020, the interest rate is 0% on the following types of federal student loans owned by Department of [...]