Many people worry about what happens if they file bankruptcy. The worry about what will happen to their house, or their car. The worry about their credit or income. There is just a lot of worrying involved, which is ironic, because a properly filed bankruptcy case can be the best way to alleviate a lot […]
When I meet with clients for the first time, I almost always ask if they own their house. Sometimes the response is, “No, I’m still paying for it.” When that happens, I try to explain to that person the difference between a Deed and a deed of trust.
If you are preparing to file a bankruptcy case, you will find us reminding you that you must ensure your bank account balances are low. I know that is a “easy” matter for most people – most clients will tell me that any day after pay day is a low balance day because the paycheck […]
Often times, our clients are very concerned about how bankruptcy will affect their ability to purchase a car either after a Chapter 7 case or during a Chapter 13 case (generally when their current car “dies” on them). Chapter 7 is the simpler, easier proposition. A Chapter 7 case typically takes about 90 days from […]
Kansas lets you protect your home from creditors, but in some cases Missouri does too!
Helping the needy, even when they are “undeserving” By Karen Maxcy Do we help the needy because they are needy, or because they are deserving of our help? Are we more likely to help when the circumstances are compelling to us and relate-able? For example, a friend loses everything she owns in a house fire […]
Customer service. Nowadays, people might wonder what that is. It seems everywhere you go, computers are taking the place of employees and people do the bare minimum to get by at their jobs. At the bankruptcy law office of WM Law, we have live people answering the phones Monday through Friday from 8:30 a.m. to […]
Sometimes, when it rains it pours. Sometimes, car repairs, family emergencies, and a new water heater all have to be paid for at the same time. Sometimes, you just need a little help to get to the next paycheck. And sometimes, when these things happens, people turn to payday loan companies for that little extra […]
Getting Rid of Second Mortgages in Bankruptcy: Let’s say you have a house with a first mortgage and a second mortgage (often referred to as a “home equity loan”). Is there a way to get rid of that second mortgage in bankruptcy. The answer is “Yes, well maybe.” First off, you cannot get rid of […]
If you are one of the homeowners who took out a home equity line of credit (HELOC) during the mid-2000s and are now struggling with interest and principal payments, here are some helpful tips. If you are struggling with making all your debt obligations, make sure you stay up to date on both your first […]