After you’ve filed for bankruptcy and finished the process, you can start to look toward the future. You need to take steps to rebuilding your credit. Although it may be difficult, it is not impossible. It may be like getting your first job in some ways. Although you had no experience, you finally did get […]
The most wonderful time of the year can quickly turn into the most expensive time of the year. For many families, there is more of everything. More presents, travel, parties, food and festivities. Holiday spending can get out of hand quickly. If you are already struggling with mounting debt it is imperative to tackle December
Although many debts are dischargeable when a person files bankruptcy, the U.S. Bankruptcy Code lists many debts that remain nondischargeable debts. These debts either come from improper behavior of some type or are nondischargeable because of the nature of the debt. In very rare cases, these debts may be dischargeable. However in most cases, a
An agreement between a creditor and a debtor agreeing to be liable and continue to pay money owed even after a bankruptcy proceeding has concluded is known as reaffirmation. Usually, you do not want to reaffirm an old debt, especially in bankruptcy. Despite this, creditors encourage reaffirmation before and during a bankruptcy because they know
If you are considering bankruptcy, you should learn as much as you can before beginning the process in order to make an informed decision. A key reason many seek out bankruptcy, is to discharge any outstanding debts they may carry. When you file a chapter 7 petition, the goal is to discharge most of the
Over the years some companies thrive, while others that may have once thrived, fail. Some failing companies declare bankruptcy as a means to close up their company. Don’t be too quick to think this doesn’t affect you, as their customer. It is important to be an informed consumer and understand what happens to your customer data in such
Some people think that they are doing a good job with their credit card by only paying the minimum each month. While it’s true that this will keep a person current each month, it also means that a debtor will pay the maximum amount of interest possible. If they are able, a debtor should pay
One question many people have regarding Chapter 7 bankruptcy is about reaffirming debt. When a person has an asset that they would otherwise lose, they may be tempted to reaffirm the debt in order to keep this particular asset. In general, this is a decision that should be very carefully considered. There is no single
When a person files Chapter 13 bankruptcy, the trustee will examine their debts for what is known as “priority debt.” These are debts which, by law, cannot be reduced in bankruptcy. They include:
Priority Debt Explained by a St. Louis Chapter 13 Bankruptcy Attorney Read More »
Our credit scores are often something we don’t think about until it is time to make a major purchase. This is especially true for someone who is deep in debt and knows their credit score is not as good as it could be. Unfortunately, if there is an error or incorrect information that is bringing
The Importance of Annually Checking your Credit Report Read More »
As we enter March and people finalize their taxes, some may worry about the tax bill they owe. It can be extremely daunting to owe Uncle Sam a large tax bill, knowing that this bill could result in substantial fines and even potentially jail time if unpaid. They may turn to a bankruptcy attorney, hoping
One of the biggest debt problems in our country involves student loans. Recently, the total amount of student loans passed $1 trillion. While the economy is improving, the unemployment rate is still extremely high for young people. This has caused many recent college graduates to ask a St. Louis Bankruptcy Lawyer about discharging these loans
How do I Discharge Student Loans with a St. Louis Bankruptcy Lawyer? Read More »
We are a debt relief agency. We help people file for bankruptcy relief under
the Bankruptcy Code.
