A St. Louis bankruptcy will stop your car creditor from trying to repossess your automobile. Once the bankruptcy petition is filed with the court, an experienced St. Louis bankruptcy attorney can contact the creditor and let them know that they must put an end to their efforts to repo the…
When you file a St. Louis bankruptcy, all creditor activity comes to a halt. This would include things like a wage garnishment, bank levy, lawsuit, collection on debts, car repossessions, and also a St. Louis foreclosure. The reason why these things come to a halt is because once the bankruptcy…
A creditor may only garnish your wages after it receives a court order saying that it can. In other words, the creditor must first do the following first before they can begin to garnish: 1) Sue you for breach of contract 2) Have you served with a summons 3) Convince…
A wage garnishment is stopped by either paying the debt in full (with interest), or by filing a St. Louis bankruptcy. Once the bankruptcy petition is filed, a St. Louis bankruptcy attorney can contact the creditor who is garnishing your paycheck and have it stopped immediately. Most St. Louis wage…
A St. Louis bankruptcy will stay on your credit report for ten years. This change was made in 2005 by the United States Congress. However, most people mistakenly believe that this in turn means that you will not be able to incur new debt until that period of time lapses.…
It may seem like a crazy statement, but the difference between a large, industrial city like Detroit, and a regular man or woman living in St. Louis, is minimal. On the surface, this sounds way off base. But in actuality, both examples are looking for the same thing: a fresh…
Because it doesn’t make any sense for someone to live the rest of their life with overwhelming debt. A person trying to make ends meet, who just had his hours reduced (or was recently laid off), who is juggling overdue bills, whose child has enormous health problems (and therefore very…
Yes, they will. Medical bills (whether they are from a hospital, specialist, or your regular family doctor) are described as “unsecured”. That means that these debts are subject to a complete discharge in a St. Louis bankruptcy. Unfortunately, there are thousands of people each year who must file for bankruptcy…
Yes, you can. When you file a St. Louis bankruptcy, you have the option of keeping or getting rid of your secured assets (like a house or a car). Most often, people wish to keep their property. But if you are in a situation in which you can no longer…
If it is the original creditor, then yes, they can do that. There are actually very little restrictions on what an original creditor can do. They can show up to your front door and demand payment from you if they chose. But if it is a collection agency, that is…