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General information about bankruptcy and debts matters from attorneys for Kansas, Missouri and national bankruptcy cases.

Apple Co-founder Steve Jobs Dead at 56

We typically do not deviate from stories and news items having to do with bankruptcy, but for someone who left such a remarkable impact on the way we all live and work today, we had to make an exception. Apple co-founder and Chairman Steve Jobs died today. He was 56. Jobs had been suffering from various health issues following the seven-year anniversary of his surgery for a rare form of pancreatic cancer in August 2004. Apple announced in January that he would be taking an indeterminate medical leave of absence. Jobs then stepped down as chief executive in late August, citing his inability to “meet my duties and expectations” stemming from his illness. In a statement, Apple said paid tribute to its one-time leader as ” a visionary and creative genius” adding that the world had “lost an amazing human being.” Read More According to Apple’s website, you may share…
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Debt Ceiling Unconstitutional?

As both major parties debate their conditions for raising the nation’s debt ceiling, some Senate Democrats and constitutional scholars are questioning whether the limit is constitutional in the first place… More on this here

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Obama Confident Debt Deal Can be Struck

WASHINGTON (Reuters) – President Barack Obama is confident Democrats and Republicans can cut a “significant deal” to trim the U.S. deficit and increase its borrowing limit to avoid a damaging default, the White House said on Monday. Despite the White House’s optimism, both Republicans and Democrats showed little willingness to compromise after deficit reduction talks led by Vice President Joe Biden collapsed suddenly on Thursday. With polls showing Americans deeply worried about the sputtering economy, both sides are talking tough in an ideological battle over how best to cut a U.S. deficit that is projected to be $1.4 trillion this year. Republicans say the solution lies in trillions of dollars in spending cuts, while Obama’s fellow Democrats say the deficit cannot be meaningfully reduced without increasing tax revenues, something their opponents reject. Obama, under pressure to forge a budget deal that would pave the way for the $14.3 trillion U.S….
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