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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

It depends on a couple of factors: 1) did the divorce court judge order that you had to pay the debt? 2) which chapter of St Louis bankruptcy are going to file? A brief description of how these factors play out is provided below:

Let’s assume for this example that the debt in question is a credit card that you and your ex-spouse jointly owned. If the divorce court judge ordered as part of the divorce decree that you pay the joint debt, then the bankruptcy court will not discharge that particular debt in a St Louis Chapter 7 bankruptcy. The main reason for this rule is because the bankruptcy court would consider to joint credit card to be in the nature of “support” and therefore non-dischargeable.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Yes, a St Louis bankruptcy will get rid of such debts. Medical and hospital bills are unsecured debts (much like credit cards and payday loans). And they are therefore dischargeable in a St Louis Chapter 7 bankruptcy (and very frequently in a St Louis Chapter 13).

The cost of medical care in this country has stabilized a bit since the introduction of the Affordable Care Act (commonly referred to as “Obamacare”), which means that the upward trajectory of medical bills for people has at least not gone up as quickly as it has in the past.

But nevertheless, medical debt is still a huge concern for many millions of Americans. So much so that just one procedure can essentially put you in the poor house. And that’s even when you have decent health insurance!!

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

Yes, they can be paid back with a St Louis Chapter 13 repayment plan. Tax debts are considered to have priority status with the Bankruptcy Court, so those kinds of debts are paid to the taxing authority ahead of many other creditors. But in addition to this, there are occasions when some of your tax debts can actually be discharged. A brief description is given below:

A Chapter 13 is described as a repayment plan over the course of three (3) to five (5) years during which certain debts are paid back (such as mortgage arrearage, car notes, back child support, tax debts, and sometimes a portion of your unsecured debts). As mentioned above, tax debts are given priority status (and therefore carry a presumption of non-dischargeability). But sometimes tax debts can be knocked out.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

In a St Louis bankruptcy, it is vitally important to make sure that secured and unsecured debts are handled properly. The main difference between the two is that a secured debt has some sort of asset attached to it as collateral (such as a mortgage attached to a house, or a car note attached to an automobile), and an unsecured debt does not. Below is a more thorough discussion:

Filing for bankruptcy involves a process of dealing with your debts. For instance, in a St Louis Chapter 7, all unsecured debts are discharged (i.e. knocked out forever). Examples of unsecured debts would include credit cards, medical bills, payday loans, old gym memberships, etc. This is the most significant attribute of a Chapter 7.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

The only way a creditor can garnish your wages (or levy your bank account, or put a lien against your property) is by getting a judgement against you in a court of law. That’s the only way they can do it. I realize that creditors will make it seem as if they can just garnish your wages at will. But that’s not the case at all. Below is a brief description of how the process works:

Let’s say you have a credit card that you’ve fallen behind on. And let’s say the creditor is calling you non-stop demanding that you make payment on the debt. They can tell you things like “We will garnish you wages if you don’t pay!!”, but the fact of the matter is that they have to go through a fairly lengthy process before that can ever be accomplished.

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Over the years, I’ve had a lot of people ask some questions about how a St Louis bankruptcy works. Most of the questions are straightforward and on point. But I’ve also received questions from individuals that show there is a lot of confusion about how the bankruptcy process works. Below is a small list that I have complied:

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Nope, not at all. In fact, quite the opposite. Getting rid of your unsecured debts (like credit cards, medical bills, payday loans, etc.) by way of a St Louis bankruptcy will strengthen your credit score over a relatively short period of time. A brief description of the reason for this follows:

Let’s say you’ve got a ton of debt (10K or more of credit cards, 5K or more of medical bills, 2-3K in payday loans). And your monthly minimum payments on all of these is somewhere in the neighborhood of about $700. A lot of people in this situation will take out new credit cards just so that can make a payment on the old ones (a literally “robbing Peter to pay Paul” scenario).

And the reason why most people find themselves in this jam is not because they were careless with their money. It’s not because they spent too frivolously, and made really bad choices. And it sure as heck isn’t because they’ve been going on multiple vacations each year on a credit card.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

No, you usually do not lose the tools of your trade when you file a St Louis bankruptcy. Most of the time, those items are completely protected (by way of federal exemptions). So your hammers, screws, saws, and other basic items can be kept safe. A more thorough explanation is given below:

To begin with, when you file for bankruptcy the court requires that you list out all of your assets. When most people think of an asset, they imagine big-ticket items like real estate or an automobile. But the court and/or Bankruptcy Trustee is also interested in learning about your bank accounts, cash on hand, household goods, clothes, jewelry, and (if applicable) the tools you own to do your job.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

No, you do not. Even if you are married, you can still file a St Louis bankruptcy by yourself (i.e. individually). However, the bankruptcy code requires that all household income be disclosed to the court. So if your spouse earns or receives any income, then you will have a duty to make that clear (through your attorney) to the Bankruptcy Trustee.

When you file for bankruptcy in the state of Missouri, the court will ask you to show the Trustee all of your household income. Whether it is the wages you earn from your job, profit from a business, child support, or any other source of income (like governmental assistance in the form of unemployment benefits, Veteran’s benefits, SSI, of food stamps). In addition, it will be necessary to disclose all income that your spouse earns/receives (even if he/she is not filing jointly with you).

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

Most people believe that a St Louis Chapter 13 bankruptcy is undesirable (or that it will not extend to them any benefits). But there are many situations in which a Ch13 makes more sense than a Chapter 7. Below is a brief description of what those situations are (and how a St Louis bankruptcy lawyer can help you:

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