There are certain limitations, but it depends largely on what type of Missouri bankruptcy you wish to file. The two main options are a St. Louis Chapter 7 bankruptcy and a St. Louis Chapter 13 bankruptcy. These chapters have substantive differences in how debt is handled (or whether you would…
Not unless you tell them. It’s true that filing a Missouri bankruptcy is a public act (because our Sunshine Laws are set up so as to disallow the government from keeping secrets). But it’s not as if just anyone can go online and look up information on who has filed…
Immediately. When you file for a Missouri bankruptcy, one of the nice things that you should be made aware of is the fact that you can begin to rebuild your credit rating and/or score immediately after the case is filed. Depending on how aggressive you are in doing so, regaining…
No, they may not. There are very specific rules governing what a debt collector can and can’t do when trying to collect on a debt. They are limited in the types of things that can be done, and if the collection agency violates those rules, there are damages that may…
No, it most certainly cannot. But that doesn’t mean that it won’t try and use those tactics when trying to collect. Very often, the debt collector will say (either verbally, or in written communication) that it a representative of the US government, and acting under the authority of the Constitution.…
Not if you want to keep it. Filing for a Missouri bankruptcy does not automatically mean that you will lose any of your assets (including your home). But there are certain pitfalls to be aware of, and a whole host of rules that you want to keep in mind. When…
Yes, this is a possibility. There are certain debts that are described as ‘non-dischargeable,’ and therefore cannot be eliminated in the traditional way in which other debts are knocked out. But whether or not these debts are dischargeable depends on very specific rules. The list of typical debts that are…
Yes, you most certainly can. Although it is necessary to disclose all personal property (whether it is furniture, appliances, clothing, pots, or pans), there is a very slim chance that the Trustee would actually want any of these belongings. This is because of the governmental exemptions that can be used…
Yes, filing for a Missouri bankruptcy more than once is possible, subject to a few specific rules. And although the thought of doing so may seem like a horrible idea, sometimes it is quite necessary (depending on the circumstances). The main thing to keep in mind is that a bankruptcy…
The answer to this question depends upon a number of different factors. Sometimes it has to do with things that are outside your control (such as statutory rules), and sometimes it has to do with what is in your best interest. Either way, there are pros and cons for each…