The allowable deductions for living expenses on the bankruptcy means test adjust for cases filed on or after March 15, 2009. You can view the allowances, some of which are national standards and some of which are local standards, on the website for … [Continue reading]
Kansas Median Income Goes Up on Bankruptcy Means Test
Posted on March 2, 2009 Written by
The Kansas median income has increased giving debtors a raise on the bankruptcy means test for cases filed on or after March 15, 2009. The new figures by family size are: one earner   $41,004 two people   $56,146 three people … [Continue reading]
10 Things to Think About Before Getting a New Credit Card After Bankruptcy
Posted on March 2, 2009 Written by
Ten Things to Think About Before Getting a New Credit Card After Bankruptcy 1. Don’t apply for a credit card until you are ready. Unfortunately, bankruptcy may not have permanently resolved all of your financial problems. It is a bad idea to … [Continue reading]
What You Can Do to Avoid Problems with Credit After Bankruptcy
Posted on March 1, 2009 Written by
What You Can Do to Avoid Problems with Credit After Bankruptcy * If you don’t want it, don’t get it. If you have doubts about whether you really need the loan or service, or whether you can afford it, don’t let yourself get talked into it by … [Continue reading]
Beware of Rent-to-Own
Posted on February 28, 2009 Written by
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 … [Continue reading]
Beware of Payday Loans, Auto Title Loans
Posted on February 26, 2009 Written by
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 … [Continue reading]
Beware of "Bad Credit, No Problem"
Posted on February 25, 2009 Written by
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!â€Â They may give you a loan after bankruptcy, but at a very high … [Continue reading]
25th Bankruptcy and Debt Carnival
Posted on February 23, 2009 Written by
The 25th Bankruptcy and Debt Carnival is a collection of Internet blog posts about credit cards, debt, debt consolidation, finance, loans and personal finance. … [Continue reading]
Judicial Modification of Mortgages in Bankruptcy to House Floor Wednesday
Posted on February 23, 2009 Written by
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 … [Continue reading]
Beware of High Cost Predatory Lenders
Posted on February 23, 2009 Written by
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 … [Continue reading]
Student Loans Not Dischargeable in Bankruptcy
Posted on February 22, 2009 Written by
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 … [Continue reading]
Beware of Credit Repair Companies
Posted on February 22, 2009 Written by
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Credit Repair Companies Beware of companies that claim: “We can erase bad credit.â€Â These companies rarely offer valuable services for what they charge, and are often an outright … [Continue reading]
Beware of "Secured" Credit Card Offers
Posted on February 21, 2009 Written by
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 … [Continue reading]
Beware of “Disguised†Reaffirmation Agreement
Posted on February 20, 2009 Written by
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 … [Continue reading]
How Do I Know the Chapter 13 Bankruptcy Trustee Got My Payment?
Posted on February 19, 2009 Written by
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 … [Continue reading]
Should I Reaffirm Department Store Credit Cards?
Posted on February 19, 2009 Written by
Some department store credit cards may be secured. The things you buy with the credit card may be collateral. The store might tell you that they will repossess what you bought, such as a TV, washer, or sofa, if you do not reaffirm the debt. … [Continue reading]
