Beware of Credit Offers Aimed at Recent Bankruptcy Filers Rent-to-own By renting a TV, furniture or appliance from a rent-to-own company, you will often pay three or four times more than what it would cost to buy. The company may make even more profit on you because the item you are buying may be previously…
Get the Fresh Start Only the Federal Bankruptcy Laws Can Give You
Monthly Archives: February 2009
Beware of Payday Loans, Auto Title Loans
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Small Loans It is always best to save some money to cover unexpected expenses so you can avoid borrowing. But if you are in need of a small loan, avoid the following high cost loans: Payday loans Some “check cashers” and finance companies offer to take…
Beware of "Bad Credit, No Problem"
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Be wary of auto dealers, mortgage brokers and lenders who advertise: “Bankruptcy? Bad Credit? No Credit? No Problem!” They may give you a loan after bankruptcy, but at a very high cost. The extra costs and fees on these loans can make it impossible for you…
25th Bankruptcy and Debt Carnival
The 25th Bankruptcy and Debt Carnival is a collection of Internet blog posts about credit cards, debt, debt consolidation, finance, loans and personal finance.
Judicial Modification of Mortgages in Bankruptcy to House Floor Wednesday
Judicial mortgage modification in chapter 13 bankruptcy is expected to be considered on the floor of the U.S. House of Representatives as early as Wednesday of this week. The proposed law eliminates the ban on restructuring primary residential mortgages to help people save their homes from foreclosure. The law change will help people in foreclosure who…
Beware of High Cost Predatory Lenders
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Avoid High Cost Predatory Lenders Don’t assume that because you filed bankruptcy you will have to get credit on the worst terms. If you can’t get credit on decent terms right after bankruptcy, it may be better to wait. Most lenders will not hold the bankruptcy…
Student Loans Not Dischargeable in Bankruptcy
Generally, you cannot discharge your student loans in bankruptcy. There is an exception for hardship but the definition of hardship is so narrow, the exception rarely applies. To make matters worse, the time limits for collecting delinquent student loans have been eliminated. Collection efforts will follow you for years and years. The National Consumer Law…
Beware of Credit Repair Companies
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Credit Repair Companies Beware of companies that claim: “We can erase bad credit.” These companies rarely offer valuable services for what they charge, and are often an outright scam. The truth is that no one can erase bad credit information from your report if it is…
Beware of "Secured" Credit Card Offers
Beware of Credit Offers Aimed at Recent Bankruptcy Filers “Secured” Credit Card Another type of credit marketed to recent bankruptcy filers as a good way to reestablish credit involves “secured” credit cards. These are cards where the balances are secured by a bank deposit. The card allows you a credit limit up to the amount…
Beware of “Disguised” Reaffirmation Agreement
Beware of Credit Offers Aimed at Recent Bankruptcy Filers “Disguised” Reaffirmation Agreement Carefully read any credit card or other credit offer from a company that claims to represent a lender you listed in your bankruptcy or own a debt you discharged. This may be from a debt collection company that is trying to trick you…
How Do I Know the Chapter 13 Bankruptcy Trustee Got My Payment?
How do you know if the chapter 13 bankruptcy trustee received your plan payment? The chapter 13 bankruptcy trustees in Kansas generally does not mail out receipts for your payments nor do they send you a monthly statement. There is a handy way to monitor your case on the Internet. Your canceled check or money…
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Jill Michaux & Mark Neis
Attorneys at Law
Bankruptcy Law Office
Neis & Michaux, P.A.
825 Bank of America Tower
534 S. Kansas Ave., Ste. 825
Topeka, KS 66603-3446
T: 785-354-1471
F: 785-354-1170
Email: lawyers@neismichaux.com Website: www.neismichaux.com
Board Certified in
Consumer Bankruptcy Law
by the American Board of
Certification -
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