How Bankruptcy Impacts Cosigners in Saint Louis

If anyone you love cosigned on a loan so you could get a house, buy a car, rent an apartment or make some other purchase it’s important to know exactly how bankruptcy could impact them. And once they’re on, while it’s not impossible to get them off the loan, it can be very hard. Many…

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Why a DIY Bankruptcy is a Bad Idea

The Internet is usually a wonderful resource, but sometimes it doesn’t do people any favors. It has, for example, convinced people who are already scared and in a state of financial distress to save some money by attempting to represent themselves in bankruptcy cases (the legal term is ‘filing pro se’). And this has done…

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5 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…

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Considering 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…

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5 Signs St. Louis Bankruptcy Is Right for You

Filing for St. Louis bankruptcy is accompanied by positive changes. It opens the door to healthier financial habits and a clean slate, but there are also drawbacks. St. Louis bankruptcy will impact your credit score and make it difficult to receive financing or a loan in the months and years after discharge of Chapter 7…

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What Is Exempt Property in a St. Louis Bankruptcy?

When you file for St. Louis bankruptcy, you are quickly introduced to a new set of processes and court procedures. Your bankruptcy lawyer helps you understand the initial steps of a St. Louis bankruptcy and anticipate the upcoming requirements and eventual outcome. In tandem with the procedure of bankruptcy, you will also encounter certain legal…

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5 Questions You Need to Ask Your Bankruptcy Attorney

Are you considering bankruptcy, but not certain where to begin? The first step for many people with financial difficulty is calling a bankruptcy attorney. A bankruptcy attorney in St. Louis can help you understand the bankruptcy process and know if you are a good candidate for federal bankruptcy. But when you pick up the phone…

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Who 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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