Do I really need to file for bankruptcy if I’m only receiving Social Security?

Do I really need to file for bankruptcy if I’m only receiving Social Security?
There are many people we meet with initially who are only receiving Social Security benefits for their income. Most wonder if they even need to file for bankruptcy if they are only receiving social security. And to be blunt, some...
January 20, 2020
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I’m Filing for Bankruptcy.  What Can I Do With My Car(s)?

I’m Filing for Bankruptcy.  What Can I Do With My Car(s)?
We like to discuss goals in our free initial consultations.  After all, as financial counselors, we can’t effectively assist our clients if we don’t understand their goals.  When it comes to a car, we have a few options to consider....
January 10, 2020
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Real Estate Tax Assessments – How to protect your home

Real Estate Tax Assessments – How to protect your home
By Jeff Wagoner, W M Law President December isn’t just for holidays, it’s also for property taxes, especially real estate taxes.  County tax appraisers are supposed to re-appraise all real estate within their county each year, then the tax collector...
January 3, 2020
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Bankruptcy Exemptions in Kansas

Bankruptcy Exemptions in Kansas
When a Debtor files bankruptcy there are certain protections that they have. One of the protections afforded to Debtors is their right in a bankruptcy to “exempt” certain property. This means they can protect certain property from creditors. Each state...
December 20, 2019
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Bankruptcy and Tax Refunds

Bankruptcy and Tax Refunds
This time of year anyone that is considering filing bankruptcy needs to be aware of how bankruptcy impacts their potential tax refund. Potential Asset When filing bankruptcy, the Debtor has an obligation to list all of their assets.  That's easier...
December 12, 2019
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How Can Chapter 11 Help my Small Business?

How Can Chapter 11 Help my Small Business?
With upcoming changes to the procedures for “small business” Chapter 11 filings  we expect more Chapter 11 filings for individuals and for businesses who qualify as “small businesses” under the new sub-chapter of the bankruptcy code.  Let’s talk about the...
November 21, 2019
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How Do I Value My Vehicle For Bankruptcy Purposes?

How Do I Value My Vehicle For Bankruptcy Purposes?
How you value your vehicle for bankruptcy is very important because it can impact whether your vehicle is fully exempt or only partially exempt and thus whether you would get to keep your vehicle in a Chapter 7 bankruptcy or...
November 11, 2019
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I Filed a Prior Bankruptcy Years Ago – Can I File Again?

I Filed a Prior Bankruptcy Years Ago – Can I File Again?
Bankruptcies are unavoidable.  Consumers and businesses rely on the bankruptcy system in good and bad economic times.  Sometimes a bankruptcy is the outcome of an expensive surgery or other medical issues.  Sometimes it is the result of a divorce or...
October 24, 2019
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New Bankruptcy Legislation Aims to Help Bankrupt Debtors

New Bankruptcy Legislation Aims to Help Bankrupt Debtors
By Ryan Blay, W M Law Attorney at Law With pressing major legislation and partisan conflict, Congress does not always take the time to review bankruptcy legislation.  When it does, however, it has taken some steps to make bankruptcy a...
October 18, 2019
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Using a Secured Credit Card to Rebuild Your Credit After Bankruptcy

Using a Secured Credit Card to Rebuild Your Credit After Bankruptcy
“You have to use credit to build credit” – a truism about rebuilding credit after bankruptcy.  One of the best ways to do that is to get a “secured credit card” shortly after your bankruptcy.  The problem is that not...
October 15, 2019
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