Tag Archives: BankruptcyLaw

Why You Should Never Hide Income When Filing for Bankruptcy

Many who notice the signs of bankruptcy opt for restructuring their financial situations. Discharging debt through bankruptcy can be a smart way to handle insurmountable debt. In many cases, bankruptcy stops the onslaught of creditor harassment and wage garnishments.  Many individuals find that bankruptcy gave them back a sense of freedom and autonomy they had long been missing. Further, bankruptcy has allowed many to keep their homes and cherished possessions. Filing for bankruptcy offers many advantages. At the same time, there are certain actions you should avoid when taking this step. For example, you do not want to make the mistake of hiding assets in bankruptcy. Doing so may land you with serious and regrettable repercussions. Filing for bankruptcy should be a smart and rational decision to help you get back on track. Hiding assets or income is neither of these things. Hiding Income in Bankruptcy In a sensational case…
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Dealing With Your Emotions While Filing for Bankruptcy

If you’re considering bankruptcy, you probably never imagined yourself in this position. Depending on your personality, you might feel embarrassed, stressed, or uncertain. It can even make you question what “kind” of person you are. While it’s natural for the bankruptcy process to have an impact on your emotions, don’t let it cause an identity crisis. You can be doing everything right, and still find yourself financially upside down. In fact, some of the most successful people in history have been exactly where you are today. Abraham Lincoln, Walt Disney and Henry Ford are on the list of formerly-bankrupt Americans. And like you, they probably experienced some of the emotions that are typical of each of the steps of the bankruptcy process. The consultation We’re not here to judge you. More than anyone else on the planet, we attorneys know that many people filing for bankruptcy are stuck in that…
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Transition from a Creditors’ Attorney to a Debtors’ Attorney

An older attorney once told me, only half-joking, “debtors’ attorneys primarily dodge rocks while creditors’ attorneys throw them.”  While there is a lot of truth his observation, I’ve found that the rewards far outweigh the negatives when it comes to representing consumer clients. My path to this realization, like much in life, was not a direct one.  For five years I prosecuted consumer fraud claims for the State of Missouri as an Assistant Attorney General.  Though I thoroughly enjoyed my work for the state, the financial rewards of such work were not enough to support my growing family.  I eventually landed a job at a creditors’ rights firm where, for six years, I handled residential mortgage issues in Missouri and Kansas on the state and federal level which included district and bankruptcy court.  The work was interesting as I had never worked in the areas of bankruptcy, mechanic’s liens, real…
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