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DAVE SAYS: Chapter 7 versus Chapter 13?

Dear Dave,
What’s the difference between a Chapter 7 bankruptcy and Chapter 13 bankruptcy?
Claudia

Dave Ramsey
Dave Ramsey


Dear Claudia,

Chapter 7 bankruptcy is what most people think about when they hear the word “bankruptcy.” It’s total bankruptcy, almost like dropping an atomic bomb on your entire financial picture.

Virtually all of your unsecured debt (except student loans, child support and money owed to the IRS) is wiped out. These things are not bankruptable. About 98 percent of the time, creditors of your other unsecured debt — things like credit cards and alike — get nothing. Items that are secured debt, such as your car or house, are treated a little bit differently. If you’re behind on payments, you may be allowed to get current. In most cases, banks will allow you to re-sign in a process called reaffirming the debt.

Chapter 13 bankruptcy is a payment plan structured over five years. In it, you have to pay all of your secured debt. If it has a lien on it, you pay 100 percent to keep the item. You also have to pay a portion of your unsecured debt. Again — like in Chapter 7 — debt to the IRS, child support and student loans don’t go away. For any other unsecured debt, you can pay a percentage of what’s owed. An overall payment plan is developed, and you make those payments for five years.
I’m not a big fan of either one.
—Dave

Dave Ramsey is America’s trusted voice on money and business. He has authored five New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership and Smart Money Smart Kids. The Dave Ramsey Show is heard by more than 8 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.

Two hospitalized after driver ejected in semi crash

Screen Shot 2014-07-03 at 5.13.15 AMGREENSBURG-  Two people were injured in an accident just before 2:30 p.m. on Tuesday in Kiowa County.

The Kansas Highway Patrol reported a 2008 Chevy pickup driven by William N.L. Martin, 33,Weatherford, OK., was northbound on U.S.183 one mile west of Greensburg.

The pickup ran a stop sign and was struck by a 2007 Peterbilt semi that was east bound on U.S. 54.

Martin was ejected from the pickup and transported to Wesley Medical Center in Wichita.  The semi driver Scott C. McKenzie, 52, Amarillo, TX., was transported to Kiowa County Hospital.

The KHP reported Martin was not wearing a seat belt.

Doctors’ PAC helps Roberts in Kansas Senate race

Milton Wolf and Sen. Pat Roberts
Milton Wolf and Sen. Pat Roberts

OSAGE CITY, Kan. (AP) — Kansas Sen. Pat Roberts is getting help in his Republican primary race from a political action committee representing tea party challenger Milton Wolf’s fellow radiologists.

PAC Director Ted Burnes (burns) said Tuesday that the group believes Roberts will be more effective in the Senate than Wolf.

The American College of Radiology Association PAC this week disclosed spending almost $43,000 on statewide mailings praising Roberts.

Burnes also said it’s troubling that Wolf has acknowledged that in the past he posted graphic X-ray images on a personal Facebook page. Wolf apologized publicly, and he said Tuesday that many voters are upset with Roberts’ attacks over the issue.

Wolf said the PAC is a Washington special interest group that works to protect incumbents.

The state’s primary election in Aug. 5.

Sen. Moran Votes to Confirm New VA Secretary Nominee (VIDEO)

WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.), a member of the Senate Veterans Affairs Committee, today reiterated his support for Mr. Bob McDonald on the Senate floor and voted in favor of his confirmation as Secretary of the Department of Veterans Affairs (VA). Mr. McDonald was confirmed in the Senate today by a vote of 97 to 0.

“He is a leader in the tradition of the 82nd Airborne – paratroopers who are well regarded as the first to be called when there’s a military emergency, and as they say, ‘When the President calls, the 82nd Airborne will answer.’ In my view, that’s exactly what we have with Mr. McDonald. When the President called, he answered that call – he answered the opportunity to serve the veterans of this country,” Sen. Moran said.

“New leadership throughout the institution, starting with Bob McDonald at the top, must command the VA to head down a new path of redemption and hope,” Sen. Moran continued. “We must create an agency that is more cost-effective, more compassionate, more caring toward the veterans it serves.”

Sen. Moran was the first U.S. Senator to call for the resignation of former-VA Secretary Eric Shinseki. He believes earning back the trust of our nation’s veterans starts with new leadership throughout the agency, starting with Mr. McDonald at the top. Washington must create an agency that is more cost-effective, compassionate and caring toward the veterans it serves.

Later this week, the Senate will vote on the agreement struck between the U.S. Senate and the U.S. House of Representatives on legislation to overhaul access to veterans’ health care. The compromise reached is another important step toward providing Kansas veterans with greater access, choice and flexibility in health care providers and increase accountability and transparency at the VA. Sen. Moran is a cosponsor of the Veterans Choice Act, the Senate version of the legislation that has been agreed upon to address the most pressing concern – giving veterans access to care in light of the ongoing VA scandal.

3 reporters subpoenaed in ‘pink slime’ lawsuit

Pink Slime LawsuitREGINA GARCIA CANO, Associated Press

SIOUX FALLS, S.D. (AP) — Three reporters for a food safety publication have been subpoenaed in the $1.2 billion defamation lawsuit against ABC related to the network’s coverage of a meat product derided as “pink slime.”

Court records show that the writers for the online Food Safety News have been asked to supply all communication they had with ABC in 2012.

Attorney Bruce Johnson said Tuesday that the subpoenas were “overreaching” and that the publication would fight the requests.

Beef Products Inc., with business in Southwest Kansas, sued ABC in 2012 alleging that its reports led to plant closures and layoffs because it misled consumers into believing the product was unsafe. The industry describes the meat product as “lean, finely textured beef.”

Attorneys for ABC and BPI have proposed a trial date in February 2017.

HPD: Report of Monday kidnapping proves unfounded

hpd badgeBy KARI BLURTON
Hays Post

The Hays Police Department responded to a reported kidnapping early Monday morning.

According to Chief Don Scheibler, the HPD received a call from dispatchers at the Salina Police Department 11:47 p.m. Monday.

SPD dispatchers reported a 23-year-old female was calling 911 from the backseat of a car.

The female reported she was being held against her will and traveling westbound on Interstate 70 toward Hays.

HPD located the vehicle at 12:14 a.m. Tuesday at a Vine Street gas station.

Scheibler said contact was made with the five occupants in the vehicle and an investigation revealed the “kidnapping report was unfounded.”

The five occupants of the car, three males and two females, all in their mid 20s, were apparently traveling the country and hailed from around the country — Missouri, Georgia, Colorado and Texas.

Reportedly, an argument ensued between occupants, prompting the 23-year-old female, believed to be from Texas, to call 911 with the kidnapping report.

Scheibler said she bought a bus ticket and left Hays.

 

Rep. Jenkins: 352 bills are on Harry Reid’s desk, awaiting action (VIDEO)

Screen Shot 2014-07-29 at 1.42.18 PMWASHINGTON, D.C.–At the weekly press conference with Republican leaders Congresswoman Lynn Jenkins (KS-02) discussed the 352 bills – 98% which passed with bipartisan support in the House– that Senate Majority Leader Harry Reid refuses to bring up for a vote.  The numbers never lie.

Following are Congresswoman Jenkins’ remarks:

“The President is fond of referring to the House as the “Do-Nothing Congress.” But we have 352 reasons why it’s a “Do-Nothing Senate.”

352 bills are sitting on Harry Reid’s desk, awaiting action.

98% of them passed with bipartisan support. Republicans and Democrats working together to pass legislation.

50% of the bills passed unanimously, with no opposition.

70% of the bills passed with 2/3rds support in the House.

“And over 55 bills were introduced by Democrats.

“352 bills. Why won’t Harry Reid act? These are good bills; bills that put the American people back to work, put more money in hardworking Americans pockets, help with education, and skills training.

“We call upon Harry Reid to get to work before he adjourns in August to pass some of these bills. The American people deserve better.”

Hays Rec wants Hays talent

Haley Parker
Haley Nixon

By KARI BLURTON
Hays Post

Whether it’s belly dancing, karate, cooking or belly dancing while cooking, the Hays Recreation Commission is looking for people who want to share their talent.

Haley Nixon, HRC adult leisure program director, said the organization is reaching out to the community in hopes of  providing more classes and opportunities for the community to learn new talents or skills.

“I feel like sharing your talents will benefit everybody,” Nixon said. “It will give the community a lot more opportunity to get involved, meet new people, learn new talents and traits and ideas.”

Nixon said the instructors of the classes can charge whatever fee they feel is suitable, and HRC will provide the venue and promotion while paying a large percentage of the fee to the instructor.

But for those who would like to teach a class,  the deadline to ensure new classes are printed in the annual program guide is just a few weeks away.

However, Nixon said the HRC does accept class requests from instructors year round and will promote with emails and via the HRC website.

For details, contact Nixon at (785) 623-2650 or email at [email protected].

 

Paul Kenneth Herl

April 18, 1939 – July 24, 2014

herl paul

The Herl family lost our beloved Patriarch this past week due to a long illness. He passed peacefully into God’s loving hands with his loved ones at his side.

Paul left behind his beloved wife of 53 years, Marie, who he fussed over right until the very end of his life. His children, Christopher Scott (Jacque Derrick), Michael Paul (Angela), Juliana Marie and Jennifer Rebecca, will miss him tremendously as we negotiate our way through life without him. Paul had 8 grandchildren, Katie, Melody (Christopher), Mitchell and Alexa (Michael), Danny (Kirstie Beams), Lidwina, Coy, Maggie (Juliana) and a great-grandson Kaiden (Danny). He is also survived by his brothers, Moris and Leonard of Hays, KS and a sister, Marcella, of Tulsa, OK and special friend, Tom Lerch.

He was born to Paul and Lidwina Herl in Quinter, KS. He enlisted in the army in 1961 and was honorably discharged in 1964.  He was a member of the Colorado Air National Guard from 1975-1980. Throughout the years, he worked for Hewlett Packard; Storage Technology Company; Colorado Memory Systems; the band, Cheap Trick; and most recently, Good Day Pharmacy. In addition, he worked in residential real estate for 45 years developing four subdivisions in the Loveland area.

We will remember Dad for his accomplished ballroom dance skills, his “corny” sense of humor, his no-holds barred political discussions, his fair but frank advice on life, his deep devotion to the Catholic church and of course his constant deep love for his family.

HerlPaulyoung

Dad’s do-it-yourself mentality on fixing anything that breaks is legendary. He never hesitated to try to fix anything.  From changing his own oil, adding a room or two to every house we ever owned, pulling out our loose teeth with a pliers, bandaging our wounds (which should have been seen immediately by a doctor), removing our stitches from wounds incurred from just being boys and taking out ticks from our bodies following camping trips.  Our physical pain never quite deterred him from at least trying.

Though he was more prone to living quietly, none of us will ever forget his facial glares when we disappointed him, but also delight in his facial smirk when we amused him or made him proud. Dad had a way of trying to explain things with a constant whiff of frustration in his voice and mannerisms. (This came from years of raising two boys that tested him in every aspect of his life.) Dad truly loved and cared for his immediate family as well as his family back in his native western Kansas. He loved everyone who he knew through work and play.

A reception will be held at Viegut Funeral Home, 1616 N. Lincoln Avenue in Loveland on Saturday, August 2, 2014, from 1-3 p.m. In lieu of flowers, donations can be made to EWTN, Wounded Warrior Project or the Zor Shriners. A private family service will be held Labor Day weekend. Go to www.viegutfuneralhome.com for condolences.

So long Dad. You will be missed by all but forgotten by none. Our loss is Heaven’s gain. God Speed, Paulie-K!

Kan. state treasurer warns of ‘unclaimed property’ scam

Screen Shot 2014-07-29 at 2.08.24 PM Kansas State Treasurer’s Office

TOPEKA — Kansas State Treasurer Ron Estes warns Kansans of suspicious postcards labeled as an “Unclaimed Property Notification.”

“These postcards should be ignored as they are not being sent from our Unclaimed Property Division or any other state agency,” said Ron Estes, Kansas State Treasurer. “I urge all Kansans who have received these postcards to avoid responding in any manner.”

A series of postcards varying in color are instructing individuals to call a toll-free number and enter personal identification information. A recorded message then directs callers to search for unclaimed property at a website that is not the state treasurer’s official webpage.

The postcards, which are postmarked from Denver, have led to consumer complaints received by the National Association of Unclaimed Property Administrators (NAUPA) and unclaimed property administrators in multiple states.

Estes reminds Kansans that the state will never request individuals to provide personal information to a call-in number or charge a fee to return unclaimed property—both common indicators of scams related to unclaimed property.

“If you’re ever uncertain of any correspondence or phone calls regarding unclaimed property, please don’t hesitate to contact my office for verification or assistance,” said Estes. “We take great pride in the integrity of our program, and are dedicated to helping Kansans safeguard their personal information and hard earned money.”

Kansans who believe they may have unclaimed property available to claim at the State Treasurer’s Office should search the state’s official website, www.kansascash.com, or call the Unclaimed Property Division at 1-800-432-0386 (toll free).

HHS report: ACA will save Kan. seniors $10 million in ’14 drug costs

Screen Shot 2014-07-27 at 1.55.52 PMBy Bryan Thompson, KPR

TOPEKA — A new report from the U.S. Department of Health and Human Services says Kansans on Medicare will save more than $10 million this year on prescription drugs thanks to one of the lesser-known provisions of the Affordable Care Act.

Medicare Part D, which offers insurance coverage for drugs, requires people to pay the full cost of their medications once their drug spending reaches a certain level. This is known as the “donut hole,” as the coverage eventually kicks in again once a person’s drug spending reaches catastrophic levels.
The health reform law gradually phases out the donut hole.

According to the federal report, 14,000 Medicare beneficiaries in Kansas will save an average of $721 each in 2014 because of the expanded drug coverage. That works out to more than $10 million saved in Kansas this year, and almost $107 million since the provision took effect in 2010.

According to HHS, nationwide more than 8.2 million seniors and people with disabilities with Medicare have saved $11.5 billion since 2010 because of the ACA.

This news comes on the heels of continued historic low levels of growth in Medicare spending. According to the recent Medicare Trustees report, the life of the Trust Fund has been extended to 2030, up from its projection of 2017 in 2009, and Part B premiums are expected to stay the same rather than increase for the second year in a row. Additionally, a new HHS report found that per capita Medicare spending growth averaged 2 percent in 2009–2012 and nearly 0 percent in 2013, one-third of the growth rate during the 2000-2008 period.

In 2014, people with a Medicare prescription drug plan who fall into the donut hole will save an estimated 53 percent on brand-name drugs and 28 percent on generic drugs, because of discounts and increased coverage.

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