It depends on two main things: 1) which chapter of bankruptcy you file; and 2) whether or not the debt in question was jointly held between you and your ex-spouse. Debt that you incurred jointly with your spouse while you were married (like a credit card or loan) can almost…
It’s actually rare that you would have to pay back every single one of your debts in a St. Louis bankruptcy. But then it depends very much on which chapter of bankruptcy you file. In a St. Louis Chapter 7 bankruptcy, all of your unsecured debts (such as credit cards,…
This is a possibility, but it is dependent upon the timing of when you filed your case, and which type of bankruptcy you filed. There are two main types of consumer bankruptcies that an individual (or married couple) may file. And I will discuss each, and describe how a potential…
There really isn’t any timeframe for filing bankruptcy, although there a few particular situations that would probably require you to move more quickly towards filing a petition. But in general, there are no time limits for filing a St. Louis bankruptcy. Some individuals will begin to look at the possibility…
Yes, indeed it does. The number of people in your household when you file a St. Louis bankruptcy can actually determine a great deal about which chapter of bankruptcy you can file. Filing a bankruptcy petition is a process that involves disclosing a great deal of information about your situation…
A collection agency can legally call you, but only in certain situations (and only a certain number of times). For instance, a debt collector cannot legally call you on your cell phone, and it cannot call you more than once in one day. If any of these situations exist, you…
No, the Bankruptcy Trustee (who is an officer of the court) will not necessarily take all of your money from your accounts. This scenario would only play out if you had a great deal of money in an account on the date of filing a St. Louis Chapter 7 bankruptcy.…
No, it is not necessary that you file jointly with your spouse if you decide to do a St. Louis bankruptcy. You and your spouse would of course have that option, but it is not mandatory that you file together. The filing of a Missouri bankruptcy is a very personal…
No, filing a St. Louis bankruptcy does not mean that you will automatically lose everything you own (including the shirt off your back). But there are many precautions that need to be in place first. Because in certain situations, it is in fact possible to lose something you wish to…
The answer to this question is completely dependent upon your particular set of circumstances. There are several common scenarios under which someone would file a St. Louis bankruptcy (and there are a great many facts common to each bankruptcy petition that is filed). But in the end, it comes down…