Sader Law Firm Blog - Kansas City Bankruptcy Attorney Blog

Why You Should Never Hide Income When Filing for Bankruptcy

Posted on January 15, 2020 by The Sader Law Firm
The benefits of filing for bankruptcy after job loss.

Many who notice the signs of bankruptcy opt for restructuring their financial situations. Discharging debt through bankruptcy can be a smart way to handle insurmountable debt. In many cases, bankruptcy stops the onslaught of creditor harassment and wage garnishments.  Many individuals find that bankruptcy gave them back a sense of freedom and autonomy they had long been missing. Further, bankruptcy has allowed many to keep their homes and cherished possessions. Filing for bankruptcy offers many advantages. At the same time, there are certain actions you should avoid when taking this step. For example, you do not want to make the mistake of hiding assets in bankruptcy. Doing so may land you with serious and regrettable repercussions. Filing for bankruptcy should be a smart and rational decision to help you get back on track. Hiding assets or income is neither of these things. Hiding Income in Bankruptcy In a sensational case…
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Should I File for Bankruptcy?

Posted on January 10, 2020 by The Sader Law Firm
Kansas City bankruptcy lawyer

Struggling with debt can sometimes feel overwhelming and never-ending. Fortunately, there are ways to move yourself and your finances beyond your current struggles. Filing for bankruptcy may provide benefits that far outweigh the woes that come with constantly battling debt. Before taking this route, however, it is important to know whether your financial situation warrants such a decision. If you are struggling with the question of whether you should file for bankruptcy, keep reading to learn more about the warning signs. Below, we outline a number of warning signs that are often caused by difficult financial situations. Identifying one or a combination of these indicators may help you determine when to file bankruptcy. If any of these scenarios describe your situation, then we encourage you to speak with a Kansas City bankruptcy lawyer from our firm. Collection Agencies Are Contacting You Typically, this happens when you have failed to pay…
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How to Successfully Manage Your Finances in the New Decade

Posted on December 30, 2019 by The Sader Law Firm
Picture of personal finance concept

As we move into the new year, many people are gearing up to pursue new resolutions. While New Year’s resolutions often reflect our wishes for the upcoming year, this time they may also set the tone for the new decade. Getting your finances in order in 2020 will have lasting effects on your long-term financial goals. Through proper planning, you can create a budget. That is why we have compiled the following list of helpful tips for how to manage your finances in 2020. 1. Crunch the Numbers Take some time early in the year to simply sit down and do the math. Look back at your spending and saving practices over the past year. Take note of your monthly income and determine your monthly expenses. Consider which of those expenses are necessities and which are more flexible. From here, you can figure out how much disposable income you have…
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