Can I Get Rid of ALL Debts When I File Bankruptcy?
Will you get rid of all of your debts when you file for bankruptcy? It depends. What kind of debts do you have going in to the case? What type of case are you filing? What do you mean by 'get rid of' debts? The U.S. Trustee Program provides a Bankruptcy Information Sheet which gives [...]
New Scams are always on the horizon – Don’t go in to Debt
New Scams are always on the horizon. From email phishing to sweepstakes and lottery prizes to gift cards to online dating, you MUST be careful when you are providing any type of information (personal and/or financial). Now that people are wanting to get out and about again after a year+ at home, a scam we [...]
Feel Guilty About Considering Bankruptcy?
Bankruptcy Guilt. Why you need to redirect your energy. So many times we see our bankruptcy clients in anguish over the thought of wiping out their debt. They feel guilty about walking away from their creditors. In some cases the dilemma is obvious; the small town doctor who agreed to bill you for your office [...]
Retirement and Bankruptcy
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 [...]
Why is Bankruptcy a Dirty Word?
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 [...]
What is Your Free Credit Report Saying About You?
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.
Is Debt Settlement a Good Option?
Consumers must do their research before signing up with a debt settlement company.
April 1, 2021 : Bankruptcy Median Income Updates for Kansas and Missouri
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 [...]
Tax Refunds and Bankruptcy
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 [...]