Stroke of bad luck leads to bankruptcy

While there is one word to describe the state of being in an untenable debt situation — bankruptcy — there are four distinct types of filings available to pursue relief from that debt. There are those types designed for individuals and then there are those designed for businesses. In Kansas, sometimes the two entities are… Read More »

Bankruptcy tourism? Not likely in Kansas

Believe it or not, individuals considering bankruptcy may now be taking a page out of the playbook of medical tourists. Medical tourists travel from countries with expensive health care systems to countries with cheaper systems for medical procedures. So, a Kansas resident with tonsillitis might travel to India for surgery. But now, some people may… Read More »

Hostess bankruptcy closing bakeries in Kansas

The iconic American food company, Hostess, has announced that a judge has approved a plan to close the company. Lovers of such products as Twinkies, Wonder Bread and Drake’s snacks are clamoring to buy their beloved favorites before they possibly disappear forever. This development marks the end of 82 years of conducting business. It also,… Read More »

The new threat to social security

Working Americans have paid into the social security system and are expecting a return in their retirement. Currently the cost of living adjustments are calculated using the Consumer Price Index (CPI). However, a new budget proposal presented by the White House attempts to use a different rubric to calculate cost of living. The potential changes… Read More »