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Bankruptcy May Save Your Home from Foreclosure in Kansas City

Unfortunately, thousands of Kansas City residents have fallen behind on their mortgage payments and are now at risk of foreclosure.  There is good news, however – for some homeowners is that filing for bankruptcy could ultimately prevent them from losing their homes.  Specifically, upon filing for bankruptcy, all creditors must cease all forms of debtor […]

By |March 14th, 2013|Bankruptcy News|Comments Off on Bankruptcy May Save Your Home from Foreclosure in Kansas City

Qualifying for Chapter 7 Bankruptcy in Kansas City

For the majority of Kansas City residents who want to eliminate their massive debt burdens, a Chapter 7 bankruptcy may be the most attractive choice.  The purpose of a Chapter 7 bankruptcy is to wipe a debtor’s financial slate clean so that they can pursue a fresh financial start.   However, many individuals worry that they […]

By |March 7th, 2013|Bankruptcy News|Comments Off on Qualifying for Chapter 7 Bankruptcy in Kansas City

Filing for Bankruptcy in Kansas City: Why You Should Hire an Attorney

 Unlike corporations and partnerships, individuals are not required to hire an attorney to file for bankruptcy. An individual that files for bankruptcy without an attorney, a situation referred to as “pro se”, is up against a significant amount of challenges. Although it is technically possible to file a bankruptcy case without an attorney, many such […]

By |February 27th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Filing for Bankruptcy in Kansas City: Why You Should Hire an Attorney

Taxes & Bankruptcy: What Kansas City Debtors Need to Know Before They File

 “In this world nothing can be said to be certain, except death and taxes”. These words were written by Benjamin Franklin more than 200 hundreds years ago yet still hold true to this very day. For some Americans, April 15th or “tax day” is a dreaded event since they likely owe money to the Internal […]

By |February 19th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Taxes & Bankruptcy: What Kansas City Debtors Need to Know Before They File

Learning the Language of Bankruptcy in Kansas City

You would not visit a foreign country without first learning a few words and phrases in the local language. In other words, just learning how to say “hello” and “thank you” can help you become acquainted with your new surroundings.  Bankruptcy is not unlike a foreign country.  It too has its own language, which can […]

By |February 12th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Learning the Language of Bankruptcy in Kansas City

Which Comes First: Divorce or Bankruptcy in Kansas City?

Trying to save your home and dealing with harassing creditors at the same time can stress out any couple.  All too often, financial issues lead to irreconcilable marital problems.  Specifically, spouses dealing with this situation often find themselves in divorce court focused not on dividing assets, but in trying to apportion their marital debt.

Although filing […]

By |January 25th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Which Comes First: Divorce or Bankruptcy in Kansas City?

Is there Hope for Twinkies in Bankruptcy?

In January of 2012, Hostess filed for Chapter 11 bankruptcy protection.  In documents filed with the bankruptcy court, the company disclosed having over one billion dollars in debt.   Currently, Hostess’ largest creditor is its employee pension fund, which is allegedly owed over 900 million dollars.  On numerous occasions, Hostess has publically stated that its primary […]

By |January 22nd, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Is there Hope for Twinkies in Bankruptcy?

Lessons Learned from the United States Postal Service’s Impending Bankruptcy

 As most people know, the United States Postal Service (USPS) has been on the brink of bankruptcy for the past several years. Unfortunately, it continues to operate despite the staggering amount of its financial losses.  In fact, the USPS has reached the upper limits of the amount that it is able to borrow from the […]

By |January 15th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Lessons Learned from the United States Postal Service’s Impending Bankruptcy

Will Bankruptcy Affect My Employment Situation?

A common question raised by many is how will filing for bankruptcy affect one’s employment situation?  A key distinction in this regard is whether you are currently employed or in the process of seeking employment.  Specifically, if you are applying for a job, your prospective employer may run a check on your credit report as […]

By |January 8th, 2013|Bankruptcy Articles, Bankruptcy News|Comments Off on Will Bankruptcy Affect My Employment Situation?

The Role of a Trustee in Chapter 7 & Chapter 13 Kansas City Bankruptcy Actions

  A bankruptcy trustee has a significant role in Kansas City bankruptcy proceedings.  Specifically, a “trustee” is an impartial court officer appointed by the United States Department of Justice who is charged with administering a debtor’s bankruptcy estate. Specifically, a trustee’s duties often include collecting assets, making court appearances, raising objections to bankruptcy discharges and […]

By |November 26th, 2012|Bankruptcy News|Comments Off on The Role of a Trustee in Chapter 7 & Chapter 13 Kansas City Bankruptcy Actions

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