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Can My Company Stay in Business After a Chapter 11 Bankruptcy?

Our Kansas City Bankruptcy Attorney Explains Business Bankruptcy Filing for bankruptcy does not have to be the end of your company, in fact, in can be a fresh beginning. Although you should explore all of your options when deciding whether bankruptcy is the right choice for you, it is possible to get through a Chapter 11 bankruptcy and keep your company afloat. Saving your business can be a difficult process, and if you are considering how a bankruptcy may affect your company, learning more about the process may help your business become one of the many to emerge successfully from a Chapter 11 bankruptcy. How Can Chapter 11 Allow My Company to Remain in Business? Much of the appeal of Chapter 11 is that it can allow companies to stay in business while dealing with debt. Typically, Company officials continue to operate the company while following the rules required under…
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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…
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Will My Bankruptcy Affect My Child’s Student Loans?

Kansas City Bankruptcy Attorneys Analyze Alarming Reports Student loans are some of the most common forms of debt facing Americans, and not just by students. Many parents have taken out loans to pay for their children’s college educations, and as some recent reports show, this is causing many parents and grandparents to fall into serious financial trouble. Our Kansas City bankruptcy attorneys explain how a bankruptcy might affect your or your child’s ability to apply for and continue receiving student loans. How are Parents Affected by Student Loan Debt? If you are concerned about the effect your child’s student loans might have on your own financial status, you are not alone. According to the Federal Reserve Bank of New York, two million Americans over the age of 50 have outstanding student loan debt. Debt among older Americans has reached $50 billion nationwide, much higher than past years. Overall, the country…
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State Bankruptcy Exemptions Available in Missouri

Exemptions are an important of the bankruptcy filing process. When you file for bankruptcy, the appointed bankruptcy trustee may seek to sell non-exempt assets to pay off your creditors. Exemptions provide protection for some of your property and must be properly listed in your bankruptcy filing.  Property that is exempt is safe from the Trustee selling it to pay your creditors. Exemptions provide a way for people who file bankruptcy to keep their possessions while they work to fix their financial situation. If you are considering filing for bankruptcy, a Kansas City bankruptcy attorney can educate you as to your options for keeping your property during bankruptcy. Missouri Bankruptcy Exemptions Below are some of the important Missouri state exemptions available to people who file for bankruptcy: Homestead – This covers up to $15,000 of real property (real estate used as a home by the debtors) or up to $5,000 for…
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