Category Archives: Bankruptcy

Sader Law Firm can help financially troubled individuals and businesses file for Chapter 7, 11 and 13 bankruptcy to erase and restructure debts.

Why Is the Subject of Bankruptcy Still Taboo?

Our Kansas City Bankruptcy Attorneys Can Alleviate Your Bankruptcy Fears Bankruptcy has a stigma in the United States. As a country that prides itself on personal responsibility, it is not uncommon for Americans to see bankruptcy as a personal failure. However, this stigma is undeserved. Life can throw curveballs at any moment. You could lose your job, develop a chronic illness or lose your marriage with little to no warning. All of these scenarios can thrust your finances into turmoil. Even if you do everything in your power to stay healthy or employed, life provides no guarantees. Furthermore, we all make mistakes. Just because you made a mistake with your finances does not mean you should have no recourse to rebuild your life. Most important of all, if you are considering bankruptcy, then you should take into account that there are more pressing matters than worrying about bankruptcy’s undeserved stigma….
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What Are the Advantages of Filing for Bankruptcy?

Are creditors harassing you day and night? Are you losing sleep worrying about paying your mortgage or car loan? When your debt has spiraled out of control, it may be difficult to know where to turn for help. Fortunately, for Kansas City individuals and businesses, there may be a solution. Bankruptcy is an option that provides debt relief while giving you the tools you need to rebuild your future.  Is Bankruptcy Right for You? Bankruptcy may be the best choice in many situations. If any of these apply to your situation, it may be time to consider filing for bankruptcy. Lawsuits filed against youYou receive collection letters or harassing phone calls from creditorsYou open new credit cards to pay off old credit cardsYou only make minimum payments on debtYour home is in foreclosure or about to be in foreclosurePast due income tax problems High unpaid medical bills Financial problems caused…
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Why Waiting to File for Bankruptcy Can Be a Mistake

There are a number of reasons why people may need to file for bankruptcy. Medical bills, divorce, job loss, significant loss of income and unaffordable debts are common reasons. However, many people have the wrong idea about bankruptcy. Some people who may benefit from bankruptcy protections may wait to file for the wrong reasons. It is a common belief that you lose all of your assets in bankruptcy. Another common belief is that bankruptcy permanently affects your credit. These common misconceptions can be responsible for making a difficult financial situation even worse. Bankruptcy is not for people with nothing to lose, it is for people who have assets they want to protect. Depending on your specific financial situation, waiting to file could put your finances in worse shape and may even allow creditors to begin seizing your most important assets. Bankruptcy Protects You From Most Creditors An automatic stay goes…
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