Do Both Spouses Have to File Bankruptcy?

You may be surprised to learn that you and your spouse don’t have to file bankruptcy together. You can file two separate bankruptcy cases if you want to. You can file while your spouse stays out of the bankruptcy process altogether. Deciding which of these options is most advantageous means asking a few questions. Found…

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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…

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What Bankruptcy Really Does to Your Credit Report

As bankruptcy attorneys in St. Louis, we often encounter potential clients who are very nervous about declaring bankruptcy. They’ve been told for years that they’ll “never be able to get credit ever again.” But nothing could be further from the truth. You’ll be surprised to learn what really happens to your credit report after your…

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8 Signs It’s Time to File Bankruptcy

Filing for bankruptcy is a big decision. How do you know it’s right for you? Found On This Page: Chances are, bankruptcy is right for you if you meet any of the following criteria.#1) Using credit cards to pay for necessities.#2) Using credit cards to pay other debts.#3) You’re relying on payday loans.#4) You’re making…

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Can You File Chapter 7 With No Money?

If you’re filing Chapter 7 money is no doubt a huge stress for you. Being told you’re going to have to pay an attorney and filing fees can be overwhelming when you’re already in a state of financial distress.   And it’s not like you can take out even more credit to pay for the…

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Are Collection Agents Allowed to Text and Email?

The traditional image of a collection agent has them hounding you over the phone. Calling at home. Calling at work.   What you may not know is they can text you and email you, too.   Found On This Page: The FDCPA has not changed with the times.The Consumer Finance Protection Bureau is trying to…

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ABI Report May Bring Hope for St. Louis Student Borrowers

Up until recently, student loan debt was on the short list of debts you could almost never discharge through bankruptcy. It wasn’t impossible, but neither was it easy. Borrowers had to prove they’d face “undue hardship”, which was determined under the “Brunner Test.” The Brunner Test has three prongs: Whether forcing you to pay the…

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Is it a Good Idea to “Settle” Your Debt?

They really make it look or sound like they’re doing you a favor. Maybe you get a letter in the mail. “For a limited time only, we’ll give you this special offer! We’ll accept $238 on your debt of $304.79, and then we’ll consider it paid in full!” Sometimes you get the offer over the…

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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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