Lien: A legal claim against property that can be used as collateral to repay a debt. “Do you know the various Real Estate Liens?” That was the question recently posed in an email from our friends at Hunter Law Group. They reminded us of the importance of reaching out to a real estate attorney to [...]
Bankruptcy Considered -- Why do people file bankruptcy? Top 5 Reasons Revealed: In several studies over the years as to why people file bankruptcy, five major reasons tend to be named repeatedly: Loss of Income This is not surprising. When paychecks stop, financial troubles start. In addition, it can mean a loss of health insurance, [...]
ICYMI: Bankruptcy Filings Take Sharp Drop On August 1, 2022 the US Courts published the following information regarding bankruptcy filings: Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. According to statistics released by the Administrative Office of the [...]
Economic Depression -- Inflation . . . Start thinking Bankruptcy now, to maximize your options later: If the economy and inflation has put more strain on your ability to pay off debt, filing bankruptcy with our Lenexa law office may be your best option. Don't wait to talk to Your Kansas City Bankruptcy Attorney. People [...]
Scared to file Bankruptcy because of your employment? Wondering if your Boss can fire you for filing a case? Technically, no. It is not legal for any employer to fire you because you filed for bankruptcy. Doing so would be discrimination. As a matter of fact, depending on which Chapter of Bankruptcy you file -- [...]
Bankruptcy - A Chapter 7? A Chapter 13? A Chapter 20? As a consumer, what Chapter of Bankruptcy is right for you? Options are available. Chapter 7 Bankruptcy: A Chapter 7 Bankruptcy involves the collection and liquidation of non-exempt assets. The proceeds of the non-exempt assets are distributed to your unsecured creditors. A Trustee will [...]
Bankruptcy Knowledge: Also means knowing -- What not to do... Bankruptcy can offer debtors a fresh start. It can allow budgets to work again and for debtors to regain a sense of calm in their lives. We want our clients’ cases and experience with the bankruptcy court to go as smoothly as possible. Here are [...]
Bankruptcy Knowledge: What you should know-- So that you can... DO know Bankruptcy is a COMPLICATED area of law. Ask questions and make sure you feel comfortable – this is your case. DO know that you are NOT alone. You may have heard that there has been a decline in Bankruptcy filings during COVID– and that [...]
Bankruptcy Chapter 13; Debt Management; and Debt Consolidation They are are all the same, right? No. But, we often get asked that question. Or at least, there seems to often be a misconception that Chapter 13 Bankruptcy and Debt Consolidation are the same -- all debt must be repaid. While there can be 100% Chapter [...]
BANKRUPTCY : CHAPTER 13 DEBT ELIGIBILITY LIMITS 2022 Increases In Filing And Exemption Limits For Bankruptcy Cases - The debt limitations are adjusted every 3 years. The Judicial Conference of the United States gave notice of the changes going into effect for cases filed after March 31, 2022: Chapter 13: Debtors have the option of [...]