In most instances, yes, you do have the choice. A St. Louis bankruptcy is a voluntary act, and therefore filed only if you believe that is would serve your best interests. But there are only a couple of situations in which decision is limited. To begin with, the bankruptcy rules…
The simplest answer is that you have to because the Bankruptcy Code requires it. But there is actually a very good reason for this requirement (and it more often than not helps your situation). When you file a St. Louis bankruptcy, the court demands that you disclose a great deal…
Yes, there is. In fact, there is a great deal you can do about collection agency harassment. When you file a St. Louis bankruptcy, the court requires that you list all of your creditors. This list would include things like credit card companies, medical and doctor’s offices, payday loan companies,…
No, it does not look worse. Regardless of which chapter of bankruptcy you file for, it will still stay on your credit report for ten years. But the real question is what kind of a long term effect will the filing of a bankruptcy have you? This is the much…
Because not disclosing to the Bankruptcy Court a list of everything that you have an ownership interest in can possibly result in the court ruling that you have committed bankruptcy fraud. So it’s really not worth withholding information, especially when the item in question is just a simple piece of…
No, not at all. In fact, if your attorney knows what he/she is doing, then it is quite possible that all of your belongings will remain with you (and therefore out of the Trustee’s hands). When you file a St. Louis bankruptcy, it is necessary for you to disclose to…
It depends on a number of factors, but the main consideration to keep in mind is that if the transfer was significant or large, then it is possible that the Bankruptcy Trustee would want to investigate the matter. But let me back up just a little bit. When you file…
Yes, it is possible to keep a motorcycle (or boat, or some other non-traditional form of transportation). But there are a couple of different things you should keep in mind before your case is filed. The easiest way to help you understand how your motorcycle will be affected is if…
No, that is not necessary at all. Some people are completely current on all their debts right before they file a St. Louis bankruptcy. And sometimes, individuals are several years behind on their bills before filing a petition. The exact time you file a Missouri bankruptcy is dependent upon several…
Yes, of course. When you file a Missouri or Illinois bankruptcy, having a large type of monthly expense is perfectly acceptable. However, if the expense is quite a bit larger than what would normally be spent by a household of comparable size, the United States Trustee may ask for documentation…