Law Office of Broc Whitehead

11/11/2022

Debt Settlement Companies advertise a lot, but seldom help people with too much debt. Before contacting a company that promises to reduce debt to pennies on the dollar, call me or any other experienced bankruptcy lawyer for a free telephone consultation. (316) 263-6500.

12/31/2021

Make 2022 the year that you solve any and all financial problems. Every week someone calls me for bankruptcy assistance and the caller and I conclude they needed a bankruptcy case years ago, but held out without any specific plan to correct the problem.

Anyone in Kansas with more than $10,000 on credit card balances who is only able to pay the minimum payments should call me for a free bankruptcy consultation. Anyone with an unpaid payday loan should call me. Anyone paying more than $10,000 through a debt settlement company really needs a bankruptcy, not a payment plan. Last, anyone who gets served with a collection lawsuit should immediately call me; don't wait until your wages and bank accounts are garnished before you call me for bankruptcy assistance. Call me today at (316) 263-6500.

05/01/2020

As we enter May, 2020, please note that mortgage interest rates are very low. If you have a mortgage loan with an interest rate of 5% or above and plan to stay in your home at least 5 years, you should consider refinancing the mortgage now to take advantage of the 3.23% interest rate on 30 year loans and 2.77% rate on 15 year loans.

Equally important as the interest rate is using a shorter term loan, like 15 years, so that you pay off the mortgage before you want to retire. Don't be the family still trying to pay a mortgage payment and vehicles loans with social security after you retire. Your plan should be to enter retirement with a fully paid home and no vehicle loans.

If you refinance your mortgage and are over 40, look at the shorter term mortgage loans; don't let the lender rubber stamp you into the standard 30 year loan. Most lenders offer 10, 15 and even 20 year mortgage loans. Remember, with a lower interest rate and a shorter term on the mortgage loan, you will save thousands of dollars.

Mortgage amortization calculators are available all over the internet, like at bankrate.com. I promise you will be greatly surprised how much money you will save on your home loan with a lower interest rate and a shorter payment term.

03/20/2020

Layoffs, Furloughs and Business Closings, Oh My! During these most difficult and frightening of times, remember that MATH is your friend.

If you are experiencing lost or reduced income, or just nervous about the economy, please sharpen a pencil and make a list of the essential creditors to pay over the next 7 to 30 days. My list goes in this order, but feel free to create your own priorities:

1) Basic Food Items;
2) Medications:
3) Utilities:
4) Gas for Vehicle:
_________________________________________________

5) Housing:
6) Vehicle Payment;

Make sure you pay creditors in the correct order. I call it the survival order. Always pay 1-4 first and you will stay alive and function for at least the next 30 days. Remember, a lot changes in 30 days; the first US coronavirus case was reported on January 21.

You may need to stop automatic payments to non-essential creditors from your checking account. I'm not a fan of automatic payments because it may mean that the YMCA gets paid, but you don't have money for utilities or gas.

If your income is sufficient to pay for numbers 5-6, housing and your vehicle payment, you are positioned to handle all your basic needs. If not, make sure you pay creditors 1 through 4 first, then pay your next most important survival debts.

Make a written budget and take control of your finances. Once you see on paper which creditors to pay and you pay creditors in the correct order, you will likely reduce your level of anxiety and stress. Also, many local employers are looking for new employees because the way we conduct our lives has changed drastically in the last few weeks. Keep an open mind to new income opportunities.

If our relatives handled the stress of two world wars, we may certainly prevail over the new virus and all the changes it has brought to our lives. We are all in this together.

01/04/2020

Now that 2020 income tax refund time is approaching, it's important to look at your family's overall debts to decide if you benefit in the long run by using your tax refunds to pay old debts. Many people waste refund money by paying one or two old debts, but fail to find a complete solution to their debt problems.

First, make a list of all debts, including medical, credit cards, unsecured loans, payday loans, etc. Don't include on-going expenses, like utilities, vehicle payments or other living expenses.

If your debts exceed $ 10,000 and your current income is barely enough to pay your regular living expenses, like housing, utilities, food and transportation, you need to consider the benefits of a bankruptcy case. A chapter 7 bankruptcy lawsuit discharges debts, like medical, credit cards and unsecured loans, so you will be able to focus your future earnings on your living expenses and not waste future income trying to repay debts that are just too high. Don't waste a nice refund paying some of the old debt, but not enough of the debt to completely solve the problem once and for all.

Make the debt list, then call me at my law office, 316-263-6500 for a free telephone consultation on bankruptcy.

07/27/2018

If your are struggling to pay debts as they become due, call me now at (316) 263-6500 to discuss how a bankruptcy case solves your budgeting problems. Don't wait until your wages or bank accounts are garnished before getting a bankruptcy consultation. I have been helping hard-working Kansans deal with debts and collection cases for over 30 years.

01/19/2018

Is your New Year's resolution to be better with your finances? Read these tips to help you get started!

We provide you with 10 simple ways to help you get started on your financial goals through budgeting, saving and building your credit.

01/09/2018

Start out the New Year happy and debt free with me as your bankruptcy lawyer!

Too much debt? Hire the Law Office of Broc E. Whitehead to stop all collection activities including foreclosures, wage garnishments and harassing calls.

12/22/2017

I hope everyone is having a fantastic holiday season full of joy, family, and love.

12/13/2017

Don't let bankruptcy ruin your holiday cheer! Call me today for a consultation for your bankruptcy needs. (316) 263-6500

Too much debt? Hire the Law Office of Broc E. Whitehead to stop all collection activities including foreclosures, wage garnishments and harassing calls.

12/07/2017

Stressed about holiday shopping? Financially strapped and unsure what to do? Don't worry! Check out these great tips on how to save money while shopping for gifts.

Like a financial adviser, Santa considers fiscal irresponsibility a clear reason to be put on the naughty list.