Newsletters

Our Kansas City Bankruptcy Attorneys Secured Rare Student Loan Discharge for Client

An article in Missouri Lawyers Weekly highlighted the recent success of our Kansas City bankruptcy lawyers in settling a client’s student loan debt. The case illustrates how filing for consumer bankruptcy can provide a solution for what may seem like an impossible financial obstacle to individuals struggling to pay back their student loans. A Notable Victory for Student Loan Debtors Filing Bankruptcy Our client owed more than $400,000 in student loan debt after studying for a chiropractic degree. In addition to watching her startup chiropractic clinic fail, she also contracted viral meningitis and began suffering numbness as well as pain in her arm. These medical misfortunes, combined with the economic downturn, left her unable to make payments on both her student debt and medical bills. The combination of her student loan payments and living expenses meant that our client’s monthly net income, after paying for her living expenses, was only…
Read More »

Which Student Loans Do I Have?

Federal student loan programs have been around for decades. Many new programs have been added over the years that created different types of federal loans. For example, these programs have created Direct Loans, FFEL Loans and Perkins Loans. There are many different types of federal loans, so do not feel bad if you do not know which loans you carry. However, it is vital to know this information. If you do not know which types of loans you carry, then you may miss out on helpful income-driven repayment, loan forgiveness and loan rehabilitation programs. The Department of Education operates the National Student Loan Data System (NSLDS), which compiles personal information on all federal student loan borrowers. You can use this tool to discover which types of federal student loans you carry. Step 1: How to Access the NSLDS There are several aspects to NSLDS. For the purposes of this article,…
Read More »

What Does The Bible Say About Bankruptcy?

Kansas City Attorneys Offer Insight into Modern Law’s Roots Those who adhere to Judeo-Christian beliefs may be surprised to learn that modern bankruptcy laws actually have roots in the Bible. Bankruptcy, even in the aftermath of our recent recession, still has certain stigmas in the minds of individuals who are struggling to pay household bills and debt. However, the idea that people should not be imprisoned for debt and allowed fresh starts is much older than US Bankruptcy law. An article from “The Kingdom Economy” sparked our interest in the Bible and bankruptcy, and we wish to explore these ideas from a legal perspective. Are the Bankruptcy Time Limitations from the Old Testament? In the Old Testament, there is much discussion about laws regarding borrowers, lenders, and the poor. For instance, in Deuteronomy it says, “At the end of every seven years you shall grant a release. And this is…
Read More »

Will Bankruptcy Keep Me from Getting a Job?

Our Attorneys Dispel the Myths of Bankruptcy Some people shy away from filing for bankruptcy because they feel there is a stigma associated with it. However, living with bad credit can impact your finances and professional life significantly more than filing for bankruptcy and fixing the problem. For many, the first step towards improving your credit when you are overextended and defaulting on debt is to file for bankruptcy. A common concern for many is whether a bankruptcy filing will affect their employment or future prospects. Will Prospective Employers Know About My Bankruptcy? Bankruptcy should have little to no bearing on your candidacy for a potential job; however, when applying for jobs in the private sector, you may have to submit to a credit check. A private sector employer cannot issue a credit check without your permission. It does not have to be a bad thing for a private employer…
Read More »