Tag Archives: kansas city bankruptcy lawyer

Do I Still Owe Home Improvement Loans if My House is in Foreclosure?

Foreclosure is a serious concern for many homeowners behind on their mortgage payments and at risk of default. This concern is even greater for people who took out home improvement loans or equity lines of credit and struggle to pay the bills on time. Although the real estate market in Kansas City has been improving since 2008, many people’s homes are still “underwater,” meaning the fair market value of the home is worth less than the primary mortgage. Underwater homes where the owners took out secondary mortgages, home improvement loans or equity lines and who are facing foreclosure have opportunities to greatly improve their situations. Know that if your home is foreclosed upon and you do not file bankruptcy, you will still be responsible for the secondary loans, even if you no longer own the house. The most beneficial path in such a situation may be to file Chapter 13…
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Has the Credit CARD Act Helped College Students?

Our Kansas City Bankruptcy Attorneys Discuss Debt Relief Just a few years ago, college students were easy targets for credit card companies. Representatives from these companies often appeared on college campuses, encouraging students to sign up for credit cards. This advertising was effective, and many students signed up without understanding concepts such as annual percentage rate (APR). This resulted in many students dealing with excess debt even before they left college, forcing them to explore debt solution options like bankruptcy. In response to this and other credit card company practices, the U.S. Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act). This bill offered a number of protections to credit card holders – especially those of college age. How Does the Credit CARD Act Affect College Students? The Credit CARD Act added provisions that limit sudden interest rate hikes, curb unfair or excessive late…
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How to Avoid Becoming the Victim of a Debt Relief Scam

Our Kansas City Bankruptcy Lawyers Discuss Fraud After the Holidays With the holiday season ending, many consumers are strapped for cash as the bills for the gifts, travel and decorations start to roll in. According to a survey by Deloitte, the total amount of holiday spending for 2013 increased by 12 percent over the amount of spending last year. For individuals and families in good financial standing who spent a substantial amount of money during the holidays, these bills will more than likely be nothing but a memory by Valentine’s Day. However, those forced to spend frugally over the holidays are often the ones struggling to make ends meet well into the New Year. These folks are usually buried by several seasons of gaining debt, with Deloitte reporting that households making less than $100,000 had spend roughly $854 for the holidays this year. Many times, the pressures of their financial…
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