Bankruptcy Information

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. What’s…

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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? Chances are, bankruptcy is right for you if you meet any of the following criteria. #1) Using credit cards to pay for necessities. If you’re doing this, you’re not alone. Most Americans do. But it’s not a good financial sign.…

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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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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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