The only time a collection agency can make such a threat is if in fact the original creditor gives it permission to do so. But this is a very rare occurrence, so the chances that such a thing actually took place is slim. Either way, if the collector is threatening…
Yes, in fact there is such a chance. This option is possible when you file a Missouri Chapter 13. It give you a chance (under certain circumstances) to drop the balance of your car loan while at the same time lower your interest rate. A St. Louis Chapter 13 bankruptcy…
The answer to this question depends upon which chapter of bankruptcy you file. Because the rules are quite different between the two main chapters, it makes sense to give a complete answer for both scenarios. When you file a St. Louis Chapter 7 bankruptcy, it is necessary to disclose all…
The only way that a debt collector can threaten such a thing is if they have gained prior approval from the original creditor that they bought the debt from, and they are literally ready to file suit against you in the next day or so. Other than that, no, they…
This is a possibility, but as in all other areas of bankruptcy law, it depends on a few pertinent factors. There is nothing wrong with owning more than one car or truck, but it is the Bankruptcy Trustee’s job to look into and examine all of your assets to determine…
Yes, you can. But just like the real estate that you actually live in, there are certain criteria that you should be aware of when you file a Missouri bankruptcy. Dealing with real estate in such a judicial filing can be tricky, so it is definitely in your best interest…
Yes, this option is available in certain situations. If you qualify for a Missouri Chapter 7, then even if you start off in a Missouri Chapter 13, you can convert. However, as with most things in life, there are very specific rules that must be followed, and certain qualifications that…
Then I say, ‘Congratulations!!’ This obviously means you are well on your way towards the fresh start / clean slate that a bankruptcy is supposed to provide. But there are certain things you should know about how this might affect your Missouri bankruptcy. To begin with, when you file for…
There are very specific rules as to if and/or how much of a tax refund you can keep when you file a Missouri bankruptcy. It also depends greatly on which chapter you file. But understanding how the rules work and when they apply is important if you want an opportunity…
This is question that I receive a lot. Debt collectors are fond of calling people at their job. And the reason why is simple: when the collector calls your place of employment, they know that you could get into hot water as a result; at the very least, you will…