Sader Law Firm Blog - Kansas City Bankruptcy Attorney Blog

How to Stay Enrolled in the Department of Education’s PSLF Program

Posted on November 21, 2018 by The Sader Law Firm
Photo of a Happy Student Against a Yellow Background

Last month’s blog discussed why many people are unable to receive loan forgiveness through the Department of Education’s Public Service Loan Forgiveness program (PSLF). The Department of Education allows some federal student loan borrowers working at certain public service jobs to receive tax-free loan forgiveness. However, the PSLF program has numerous requirements. You should ensure that you stay qualified if you are enrolled in this program. Please note that information in this blog post is subject to change, and that any recommendations in this post are not to be construed as legal advice. Make your payments on time You will need to make 120 timely payments to qualify for PSLF forgiveness. Your student loan servicer offers an automatic payment option. By enrolling in this option, your bank account will be automatically debited each month to pay down your balance. If you’re financially organized and aware of the timing of these…
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Worried About Identity Theft After Black Friday? Here Is How to Protect Yourself

Posted on November 9, 2018 by The Sader Law Firm
Photo of Shoppers Lined Up for a Sale

Black Friday is almost here. Millions of people across the country will cram into stores to shop for the best deals. However, you should be aware that criminals take advantage of this shopping holiday to commit widespread identity theft. You may even remember the massive Black Friday data breach that occurred at Target stores in 2013. Hackers stole credit and debit card information from 40 million Target shoppers. Identity theft can destroy your finances. Your credit scores could suffer. You may be unable to access new credit until the issue is resolved. It could take months or even years to repair the damage. Fortunately, there are steps you can take to protect yourself from identity theft. Monitor your credit reports You should be regularly monitoring the information on your credit reports to spot instances of identity theft. Warning signs can include unfamiliar accounts and credit inquiries on your reports. You…
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Five Bankruptcy Filing Trends in 2017

Posted on October 29, 2018 by The Sader Law Firm
Read our blog to learn about 2017 bankruptcy trends.

The Administrative Office of the United States Courts (AOUSC) released the Bankruptcy Abuse Prevention and Consumer Protection Act Report (BAPCPA Report) for 2017. The BAPCPA report provides detailed information on consumer bankruptcy filings during the previous year. There were multiple filing trends in 2017. Trend #1: A majority of cases involved “real property”, which includes a home or condo Unsurprisingly, 62 percent of reported assets in bankruptcy cases included real property, such as a home or condo. The remaining assets were personal properties, such as jewelry or furniture. Northern California and Southern Florida filers had the highest average assets per petition. Bankruptcy is an excellent way to protect your assets from creditors. When you file for bankruptcy, an automatic stay is issued. The stay prevents most creditors from seizing your assets. Remember, bankruptcy is for people who have assets they want to protect. Trend #2: Most cases were filed under…
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