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Should You Pay Any Debts During Your St. Louis Bankruptcy?
One of the biggest advantages of filing for bankruptcy is gaining the protection of the automatic stay. During the automatic stay, your creditors can’t take any actions against you, not even so much as a collection call. And you probably won’t pay most of them directly ever again. If you file Chapter 13 they’ll receive…
Read More5 Bankruptcy Myths You Should Stop Believing Right Now
Every year, millions of Americans file for bankruptcy protection. Despite the fact that it’s fairly common, dozens of myths still exist about this legal financial solution. In part, we can thank credit card companies for that. They have a vested interest in keeping people out of bankruptcy and so just love to spread disinformation about…
Read MoreConsidering Chapter 13 Bankruptcy? There Are Some Requirements
Does Chapter 13 bankruptcy seem like the right solution to your financial situation? You aren’t alone. There are many reasons why this particular bankruptcy process appeals to people in St. Louis and around the United States. Chapter 13 bankruptcy could help you keep your home and prevent foreclosure. As well, Chapter 13 bankruptcy doesn’t involve…
Read MoreWho Qualifies to File for Chapter 7 Bankruptcy?
In a given year, roughly 60% of all bankruptcy filings in U.S. federal courts are for Chapter 7 bankruptcy. In 2016, that meant that of the 770,000 bankruptcy petitions made in the U.S., over 475,000 fell under Chapter 7 of the U.S. Bankruptcy Code. Despite the popularity of Chapter 7 bankruptcy in Missouri and across…
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