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…
The main way in which someone stops a home foreclosure is by filing a St. Louis Chapter 13 bankruptcy. Filing such a petition before the foreclosure date will stop the sale, and give you an opportunity to repay the arrearage (what you have fallen behind on) over a period of…
Yes, it is possible to keep all of your rental properties when you file a St. Louis bankruptcy. But there are several things you need to know about this before you do anything. When you file a Missouri bankruptcy, you have duty to disclose to the court all of your…
No, you cannot. Domestic Support Obligations (things such as child support or spousal support) cannot be discharged in a St. Louis bankruptcy. The reason why is pretty simple: such an obligation has been determined over years of public policy and law to be so important that it should never be…
The simple and easy answer is that you file a St. Louis Chapter 13 bankruptcy. This is the safest legal mechanism that you have at your disposal. So long as your case is filed before the foreclosure sale goes through, then you can save your home. The economy that we…
Yes they can. But only after certain procedural steps are taken. In other words, a creditor cannot simply walk into your bank and demand that the teller drain your account and hand it over to them. When you have an agreement with a creditor (whether it is a credit card,…
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…