Bankruptcy Information

Can Bankruptcy Stop an Eviction in Missouri?

Are you considering bankruptcy because you’re behind on your rent?  Few things are more stressful than knowing your financial problems could deprive you of a place to live. It’s important to understand the interaction between bankruptcy law and Missouri landlord-tenant law if you’re going to launch a strategy capable of helping you. Why are you…

Read More

Is it Possible to Discharge IRS Debt in Bankruptcy?

The gig economy has led to a great many people who are forced to pay self-employment taxes. For many, this can result in significant tax debts well out of proportion with the income they receive, or their ability to pay taxes. The IRS will often work with taxpayers to create payment plans. This can be…

Read More

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…

Read More

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.…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More