The purpose of this blog page is to inform you of the latest news in bankruptcy.
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The KC Bankruptcy Blog Page
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Bankruptcy and baseball? Really, come on now! What do the two have in common? The key ingredient to success in both scenarios is ATTITUDE! Let's review the 8th inning of Game 4 of the ALDS game between the Kansas City Royals and the Houston Astros. Everyone counted the Royals out of the series, including a staffer for the Governor of Texas.
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October 15, 2015
Patience is a Bankruptcy Virtue
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Time is fleeting especially when you attempt to become debt free. Although you did not accumulate debt overnight, you probably want to achieve from debt overnight. The bottom line is you need to kick the overnight concept to the curb...
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March 23, 2015
Eating on a Budget
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Do we really like to hear the word budget? The mere mention of the word sends shock waves of fear and trepidation. And mention it in regards to eating and people break into a cold sweat. One day, a microbiologist named Beth decided the taste of food did not have to be scarified when budgeting her hard earned money...
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March 21, 2015
Bankruptcy Schedules (Sch. A)
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When you file bankruptcy you must fill out a Schedule A. We previously discussed the Petition and the next stop on our journey through the Bankruptcy Petition and Schedules is Schedule A. Schedule A is where you are going to list all of your real property. Real property?
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June 23, 2012
What Would You Do?
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I have been watching USA’s Necessary Roughness. It is about a therapist, Dr. Dani Santino, who works with athletes who freeze up from one conflict or another. The current story line is dealing with a football player who can no longer do his job effectively due to panic attacks.
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June 23, 2012
Why File For Bankruptcy?
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I am in a marketing class learning how to market and we are encouraged to ask the question, “Why do you do what you do?” This made me think about the first question I generally ask in the interview with the potential client, “What brings you in today?” My question and your question should be...
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June 9, 2012
Bankruptcy And Case Comm.
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If you file bankruptcy whose duty is it to communicate with the court and the trustee? You may think it is the attorney’s duty solely but many judges will tell you that it is also your responsibility to stay involved in your case. I recently watched a case where the debtors tried to...
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March 27, 2012
W Is For Weather
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W is the latest letter in my edition of the Bankruptcy Alphabet and it stands for weather. In my Bankruptcy Law Network article I discuss how one could receive a warrant for their arrest when they thought they could walk away from a home...
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March 25, 2012
P Is For Patience
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In the Bankruptcy Alphabet, P stands for patience. Being patient is being calm through trials and pain without complaint. When people visit with a bankruptcy attorney the last thing that is on their mind is patience. Generally their stress level is...
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January 13, 2012
D is for Deed
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Sometimes when people file for bankruptcy they are looking to surrender their home. Even though you surrender your home through bankruptcy you may still own the house itself after a discharge. The bankruptcy will discharge the debt but it does not transfer the property rights or ownership of the real property...
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January 11, 2012
Bankruptcy Voluntary Petition
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When you file a bankruptcy, regardless of the chapter, you must file what’s called a petition. The petition is a three page document filed with the bankruptcy court requesting specific relief. Meaning you are asking the court for relief through a Chapter 7, 9, 11, 12, 13 or 15 bankruptcy. You MUST actually...
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January 10, 2012
Bankruptcy 341 Meeting of Creditors
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What is a 341 meeting and why do I need to attend? A 341 meeting of creditors is required in every bankruptcy case. Can you opt out of this meeting? No, you must attend.
The purpose of the meeting is for you to...
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January 6, 2012