I am frequently asked by people who are thinking of filing bankruptcy, “Will I lose my house if I file bankruptcy?” The fear of losing everything in bankruptcy is very real. Fortunately, in Kansas the protection our law has for your home is in our state constitution and statutes. That is quite different from other…
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Here is a scary statistic for 2007 being reported by ABC News: 10% of American homeowners owe more money on their house than the house is worth. That figure has doubled from 5% in 2006. For homes purchased in the past two years, the figure shoots up to an alarming 30%, according to Reuters. These…
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