Most of my Chapter 7 bankruptcy clients owe more money on their cars than what the car is actually worth. This is known as being “upside down” on the vehicle. However, most of my St. Louis bankruptcy clients need to retain their vehicles despite the fact that they are upside…
The following is an approximate timeline of for a straight-forward, no-asset, Chapter 7 bankruptcy case. 1. Meet with an experienced St. Louis bankruptcy lawyer for a free consultation to discuss your situation. Be prepared to discuss your income, debts, and assets. 2. Hire a competent St. Louis chapter 7 lawyer…
There is essentially no limit on how often an individual can file for bankruptcy. The real issue is that there is a limit to how often someone can receive a bankruptcy discharge, which is the reason many people file for bankruptcy. A discharge is when the bankruptcy court wipes out…
It’s not unusual for an individual who is suffering from financial hardship to fall behind on payments to his creditors. For instance, if you miss a payment on a credit card debt, the company will most likely call you the next day asking for money or if you don’t pay…
Congratulations! You have received your bankruptcy discharge. Your debts have been wiped out and you are on your way to a fresh start. Still, your work is not over yet. I always tell my St. Louis bankruptcy clients to obtain a copy of their credit reports within two months after…
My St. Louis bankruptcy clients often file Chapter 13 bankruptcies in order to save their house from foreclosure. Other times, individuals files Chapter 13 bankruptcy because their household income is above the median income for their family size. For instance, if you are a household of one and make over…
My St. Louis bankruptcy clients often question whether it is better to file for St. Louis Chapter 7 or simply negotiate a settlement of their credit card debt. In this economy, it is not unusual to see credit card companies offer settlements on the debts you owe them. The idea…
There is a fair amount of paperwork that needs to be filled out in order to properly file a Chapter 7 or Chapter 13 bankruptcy petition. The best way to make sure that your paperwork is properly prepared and filed, is to work with an experienced St. Louis bankruptcy lawyer.…
This is a frequently asked question by many of my St. Louis bankruptcy clients, which makes sense. Filing a Chapter 7 bankruptcy is a much easier route than that of a Chapter 13 bankruptcy. The length of time is much shorter, the expense much smaller, and the discharge from debts…
As a St. Louis bankruptcy attorney, the question I am asked the most is, “How much does it cost to file bankruptcy?” When you are in dire financial straits, you don’t normally have a lot of extra cash laying around. The creditors are hounding you for a payment, you are…