Monthly Archives: June 2009

Debt Settlement Company Files Bankruptcy, Leaves Consumers in the Lurch

The debt settlement company, Debt Relief USA of Addison, TX, which several of my clients have had the unfortunate experience of signing up with, filed for Chapter 11 bankruptcy relief today in Dallas with about $5 million in debts ...

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Shawnee County Scores 7.56% Financial Stress Rating, Up 2.20% from Year Ago

Here is an interactive map that shows financial strain in every county in the United States by the Associated Press.  It measures the impact of the economic recession and recovery by showing the rates of unemployment, foreclosure and bankruptcy.  Shawnee County, Kansas, has a 7.56% ...

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What Will the Trustee Ask Me at My Bankruptcy Hearing?

Here are the standard questions that the bankruptcy trustee asks debtors at chapter 7 and chapter 13 bankruptcy hearings also called a meeting of creditors or a 341 hearing.  The bankruptcy trustee is required to ask all debtors the first group of questions.  The ...

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Eron Law Offices Opened in Wichita

David P. Eron left his post with the Region 20 U.S. Trustee and opened his private law practice last week.  Eron will represent individuals and businesses in bankruptcy and business transactions. He has three years experience as trial attorney with the U.S. Trustee, litigating

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Kansas Bank Seized by Regulators

The First National Bank of Anthony in Harper County near the Oklahoma border was seized by bank regulars Friday.  The bank will reopen as a branch of the South Hutchinson-based SNB Bank of Kansas. The bank has branches in Wichita, Olathe, Overland Park, Anthony, Harper ...

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Income Tax Calculator

Here is an income tax calculator from the Internal Revenue Service. Remember, this doesn't include Social Security (7.65% or 15.3% if self-employed), Medicare, or state income tax.  The IRS website includes a section ...

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Bankruptcy Help for Farmers

Chapter 12 is a provision of the Bankruptcy Code that permits financially distressed family farmers to reorganize debts in a simple and efficient manner and save their farms.  It is limited to debtors who qualify ...

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Yes, You Can File Bankruptcy on Credit Cards

Here we are four years since the bankruptcy law was changed and people are still telling me you can't file bankruptcy on credit cards.  Nothing could be further from the truth.  Yes, you can file bankruptcy on credit cards! It just goes to show you the power of

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Watch Out for Mortgage Modification Scams

Watch out for all the mortgage modification scams out there preying on good people who desperately want to keep their home mortgage out of foreclosure. Many of the mortgage brokers who formerly got people into subprime loans are now calling themselves mortgage modification agents. "You should not have to pay someone to help you with ...

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Yes, You Can File Bankruptcy on Medical Bills

There is a myth floating around that you can't file bankruptcy on your medical bills. Nothing is further from the truth. In fact, a study published in the June issue of the American Journal of Medicine reports that 62% of bankruptcy cases involve medical debt, a 50% ...

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Often Overlooked Expenses

OFTEN OVERLOOKED EXPENSES The first step to analyzing your finances is to write down all your income and all your expenses for your household.   The local credit counseling office recommends using a fritter finder,  writing down every penny you spend for several weeks to discover how much money is being frittered away.  ...

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Bankruptcy Without Attorney is Bad Idea

Think again before you decide to represent yourself in bankruptcy.  Bankruptcy is a technical area of law full of traps for the unwary.  As the old saying goes a person who represents himself has a fool for a client. Seriously, many people who have attempted to

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Can They Take My Home Away from Me if I File Bankruptcy in Kansas?

Kansans in financial distress often ask, "Will I will lose my home if I file bankruptcy?"  The simple answer is that most Kansans do not lose their home if they file for bankruptcy.  We are lucky in Kansas to have a homestead law that protects one acre of land in the city and 160 acres ...

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Mark Neis Recertified as Consumer Bankruptcy Law Specialist

Topeka attorney Mark W Neis has been recertified as a consumer bankruptcy law specialist by the American Board of Certification. You expect certification from your doctor - expect it from your lawyer too. Board certification means that Neis has ...

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Kansas City, Kansas "Till" Rate

The trustee's discount rate ("Till rate") paid on secured claims in chapter 13 bankruptcy cases filed in Kansas City, Kansas, is 4.75% for cases filed in June 2009.

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Bankruptcy: Mortgage Meltdown Melodrama at Attorney Seminar

Mortgage Meltdown Melodrama - Tied to the Railroad Track:  A Story of Villains, Heroes, and Happy Endings will be featured at the 20th annual conference of the Kansas Women Attorneys Association in Lindsborg in July. Kansas Chief Bankruptcy Judge Robert Nugent, Chapter 13 Standing Bankruptcy Trustee

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Jill Michaux Re-Elected to Bankruptcy Law Network Leadership Post

Jill A Michaux was re-elected to a second term as treasurer of the ...

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