Category : Chapter 13

Understanding The Bankruptcy Means Test

Bankruptcy, Chapter 13, Chapter 7, means test

If you are just exploring bankruptcy options, you may be overwhelmed by information and not even be able to determine if you can or should file for Chapter 7 bankruptcy or Chapter 13. To file for Chapter 7 bankruptcy, you must pass a means test. Many think that a means test will automatically force them […]

Should I File For Bankruptcy Or Divorce First?

Bankruptcy, Chapter 13, Chapter 7, divorce

Many people may be lead to filing for bankruptcy because of a divorce or impending divorce. However, they may not consider if it is more beneficial to file for bankruptcy or divorce first. By taking some steps to plan your actions, you may be able to make your bankruptcy and possibly your divorce less complicated. […]

What To Expect For Bankruptcy Filing Fees

Bankruptcy, Chapter 13, Chapter 7

Many people worry that even if they want to file for bankruptcy, there is no way they can afford to. While there are bankruptcy filing fees and other fees associated with bankruptcy, but there are ways to work with the courts to make it possible should you choose that path. There is usually a filing fee […]

Rebuilding Your Credit After Bankruptcy

Bankruptcy, Chapter 13, Chapter 7, Missouri

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 […]

Nondischargeable Debts

Bankruptcy, Chapter 13, Chapter 7, Missouri

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 […]

How Does Chapter 13 Work?

Bankruptcy, Chapter 13

Unlike some other forms of bankruptcy, a Chapter 13 bankruptcy is available to individuals and businesses alike. A Chapter 13 bankruptcy provides an individual or business debtor the ability to reorganize and restructure the obligations owed to creditors. A Chapter 13 bankruptcy differs from a Chapter 7 and a Chapter 11 proceeding. In a Chapter […]

The Dangers of Reaffirming Debt from a St. Charles Bankruptcy Attorney

Bankruptcy, Chapter 13, Chapter 7

When a person files bankruptcy, it can difficult to part with certain assets. Something like a prized car may have to be liquidated to settle a loan against the vehicle. In some cases, a bank or lender may be willing to allow a person to keep that vehicle if they sign a reaffirmation agreement. Basically, […]

What Happens When Chapter 13 Bankruptcy Concludes?

Chapter 13, St. Charles, Troy

For some debtors, Chapter 13 bankruptcy is a better option than Chapter 7. In Chapter 13, a debtor repays a portion of their debts over a period of time (typically 3-5 years) and in exchange they get to keep all their assets. For homeowners and other people with significant assets, this can be a major […]

Can I File Chapter 7 More than Once?

Chapter 13, Chapter 7, MO

Chapter 7 bankruptcy allows an individual to discharge their debts and get a fresh start on life. There are times, however, when a person runs into debt problems again and needs to file again. There is no limit on the number of times a person can file this type of bankruptcy, but there are certain […]

Can Bankruptcy Save my Home?

Chapter 13, St. Louis

Facing foreclosure is one of the most difficult experiences a person can face. When someone is threatened with the loss of their home, they will do just about anything to try to save it. Fortunately, the homeowner has options available under Chapter 13 to stop foreclosure and keep a person in the home. If you […]