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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

When you file a St Louis Chapter 7, all unsecured debts (such as credit cards, medical bills, payday loans, old gym memberships, etc.) are discharged (i.e. knocked out forever). If you were to file a St Louis Chapter 13, it is possible that some of your unsecured debts will be discharged as well (but some of these debts may be paid back through the Ch13 repayment plan). However, there are indeed some debts that cannot be knocked out. A description of those debts is provided below:

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

There is only one way that a creditor can place a levy upon your checking account: by getting a judgement against you in court. This judgment must first be achieved before the creditor may take any such aggressive actions against you. Of course, the creditor will not tell you about all the steps involved before they put the levy upon your account!! They will just make it sound as if they can levy whenever they feel like it. Below is a more thorough description of how it works:

When you fall behind on your debts, the creditor will call and call (and harass you over the phone, and send you many threatening sounding letters). If no payments are made, the creditor can do one of two things at that point: 1) sell the debt to a collection agency; 2) or sue you for breach of contract.

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ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

A lot of people mistakenly believe that a St Louis Chapter 13 bankruptcy is the wrong route to take. This is because most people are familiar with the Chapter 7 option (in which unsecured debt is knocked out, and you are done about four months after your start), but also because the benefits of a Chapter 13 are not well known. Below is a brief description of some of those lesser known benefits:

To begin with, a Ch13 is described as a repayment plan over the course of three to five years during which certain debts are paid back. It is a chance to get caught up on assets you would like to keep, and it gives you an opportunity to take a deep breath. But what are some specific benefits?

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7 BANKRUPTCY

No, they cannot threaten you. With anything, at any time. But just because they are not supposed to make any sort of threats doesn’t mean that they will in fact obey the law. The United States Congress recognized long ago that the collection industry is filled with companies that practice very aggressive (and sometimes harsh) tactics in their attempts to collect on a past due debt. Below is a brief description about how that law protects you:

The Fair Debt Collection Practices Act (FDCPA) is a federal statute that tightly regulates what a collector may do when it tries to collect on a debt (whether it is a phone call, a letter, an email, a voicemail, whatever). These restrictions put a tight reign on the industry because the collection industry has proven over time to be a sector of the economy that uses methods that most Americans deem irresponsible (hence the passage of the FDCPA in the 1970s).

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7 BANKRUPTCY

I get this question a lot right around tax season (from January to April, and sometimes thereafter). The concern, of course, is that if you file a St Louis bankruptcy, you will end up losing the refund. But it does not have to turn out that way!! So long as things are handled correctly, you stand a very good chance of keeping your tax refund! Below is a fuller explanation:

When you file a bankruptcy, it is required that list out everything you own (so that court has a full picture of your assets). And when the court says everything, they mean everything!! This would include furniture, cars, bank accounts, clothes, potential lawsuits, and certainly tax refunds.

The reason why is pretty simple: the Bankruptcy Trustee (the individual who will review all the documents you file with the court) wants the list so that he/she can determine if you have any assets that can be liquidated.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

If you are sued by a creditor, and that creditor receives a judgement in its favor, it may execute on that judgement by garnishing up to 25% of your net earnings. But again, the only way that a garnishment may take place is if the creditor first receives a judgment. A fuller description is provided below:

When you stop paying on a debt (like a credit cards), then the eventually the creditor will sue you in state court for breach of contract (in other words, the creditor will be arguing that you entered into a contract to receive money by way of a line of creditor, but you failed to make timely payments on the debt). The first step in the process is getting you served. This can be a process server (a private individual or company that specializes in such things), or a deputy sheriff of the county in which you live.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Yes, you can. The reason why is because most business-related debts are personal guaranteed by an individual. If an individual personally guarantees a business debt, it is nothing more than an unsecured creditor / debtor relationship (and therefore subject to a full discharge by the Bankruptcy Court). A fuller description is provided below:

When you own a business, it is very often necessary that you take out lines of credit (either in the form of a loan or a credit card) so that you can operate at full capacity. Banks and lending institutions are usually willing to extend these lines, but for greater insurance, the lender will very frequently require that you personally guarantee the debt.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Not nearly as long as you might think. In most cases, your credit score will improve by about one hundred (100) points within the first year after filing a St Louis bankruptcy. And then you can expect your score to make its way back up to where you want it within about two years after filing.

When you file for bankruptcy in the state of Missouri, it is described as a “fresh start / clean slate”. In other words, the whole idea behind such a filing is so that you can get back up on your feet, dust yourself off, and move forward in life. Bankruptcy will give you a chance to rebuild not only your life, but also your chances at rebuilding your financial standing.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

No, there are some debts that are described as “non-dischargeable”. These debts would include the following: back child support, back spousal support, most student loans, most tax debts, and any debts that you may have incurred fraudulently. But these are not hard and fast rules. Because the field of bankruptcy law, there are almost always loopholes. A brief description is provided below:

If you owe support payments (either in the form of child support of spousal support to your former husband or wife), then the general rule is that such debts cannot be knocked out by the Bankruptcy Court. This is a fundamental policy that the state of Missouri has determined. If you owe debts that take on the nature of support (as ordered by a state court), and you believe that you do not (or should not) have to make those payments, then the best option would be to discuss the matter with a family law specialist.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

The chances of you having to appear in front of a judge after filing a St Louis bankruptcy are about zero. There is one (and only one) courthouse appearance that you’ll have to make. But it is not in front of a judge; it is in front of the Bankruptcy Trustee. Below is a more thorough explanation of how the entire process works:

The filing of a bankruptcy is done at the federal level. Broadly speaking, there are two levels of courts through which American citizens can seek relief and/or justice – state and federal. Most state court actions involve things of a more local nature (divorce, child support, child custody, contract disputes, etc.). But the federal courts are reserved for those matters that involve actions that take place across state lines (such as a credit card company in Delaware that offers services to you here in Missouri).

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