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 who come out of bankruptcy in the best shape tend to be the ones who got expect advice early from our skilled bankruptcy attorneys.
Don’t touch your retirement money.
This is one piece of advice that predates the COVID-19 pandemic: this is an exempt asset in Kansas and Missouri. Protect it — DON’T touch it!
Don’t let cash pile up.
If you are trying to work extra or have a side hustle and are thinking you can set a little to the side — be careful! A cash buffer is important, but money in bank accounts can be seized to pay creditors. We will advise you about where to put extra cash.
Don’t sell or give away stuff.
It may be unnecessary. You may decide that you want or need the items later. Or, the Trustee may decide to get the items back.
Don’t take out more debt to get rid of current debt.
While this seems to be a very popular option right now, there is always a catch. The Lenders (online and your friendly local Credit Unions) are in business to make money. The loan that you take out from them comes with risks that you may not fully recognize. Make sure you have fully reviewed the terms, understand what collateral may be involved and what may happen upon default.
Don’t wait to talk to Your Kansas City Bankruptcy Attorney.
Timing is so important. Get the facts and be ready to maximize your financial future.