In the state of Missouri, yes they can. This may not have necessarily been the case several years ago, when the economy was in better shape. When a house was foreclosed upon in 2002, the mortgage company or bank would have been just as likely to write the debt off…
Well, you can file at any time. There isn’t any restriction as to when you may declare bankruptcy. But the more optimal question is: How long do I have to get my money back after the creditor has levied my account? The answer to this is more definite, as you…
No, it is not necessary that you have accrued a certain amount of debt before filing for bankruptcy. Some people have tens of thousands of dollars in credit card debt, several more thousand in medical bills, and a few hundred in payday loans. Of course, that doesn’t necessarily mean that…
No, you do not. In fact, you can be completely current on all bills before filing for bankruptcy. Nor is there any limitation as to how much debt you carrying before deciding to file. In other words, there is no set amount of debt that you must first accumulate before…
Yes, but only if the creditor has secured a judgment against you. In other words, a creditor cannot just arbitrarily reach into your bank account and stow away with all your cash whenever they want. Of course, the creditor may very well threaten you with such an action when they…