Many people who are dealing with high amounts of debt consider filing for bankruptcy. Those who do decide to file will do so under a specific bankruptcy Chapter, and the Chapter that will benefit them the most will depend on their circumstances.Those who decide to...
Strategic Solutions, Experienced Guidance
Bankruptcy
Qualifying for Chapter 7 or 13 bankruptcy
When Missouri residents realize that their expenses and debts are far outweighing their income and they no longer have the ability to make ends meet, they may find themselves considering filing for bankruptcy. Many people across the country choose this option as a way...
Understand the difference between Chapter 7 and 13 bankruptcy
Missouri residents may be surprised to hear that around a million businesses and people file for bankruptcy every year. Federal bankruptcy law allows people to file twice in a lifetime to get some relief from their debt. However, there are certain qualifications that...
Understanding the process of vehicle repossession
If you have had trouble lately with paying certain financial obligations, for example, your car loans, you will likely face the consequences of missed payments. The contract that you signed when you purchased a car on finance will probably mean that your creditor will...
Does Chapter 13 discharge your debts?
Many people in Missouri struggle with debt. Mortgages, credit card bills, medical bills and other forms of debt can pile up and gather interest quickly, overwhelming your ability to pay them off. Once you're overwhelmed by debt, it can be nearly impossible to get out...
Common strategies to fight debt
Unfortunately, it is common for people in the United States to find themselves under a mountain of debt. With the constant availability of credit cards and loans, as well as the social pressure to have an impressive car and designer brands, it can be easy to bury your...
New rules would give debt collectors more ways to contact people
One of the worst things about being in debt for many people is being hounded by creditors. Many creditors hire debt collection agents who harass debtors with frightening letters, angry phone calls and other high-pressure tactics. Now, the Trump administration is...
Does Chapter 7 require people to sell everything they own?
Chapter 7 is often known as liquidation bankruptcy because it requires the filer to sell some assets in order to satisfy some of the outstanding debt to creditors. Many people are intimidated by this liquidation aspect of Chapter 7, thinking it will leave them nearly...
Basic process for starting a Chapter 7 Bankruptcy proceeding
There are many big purchases that people in Missouri have to make during their lives. It could be purchasing a car, a house, paying for a vacation, a wedding and other things that the people like to purchase. However, sometimes unexpected things occur and people incur...
Eligibility requirements for Chapter 7 bankruptcy
Life for people in Missouri can be unpredictable. People can plan for things as much as they possibly can, but there are some things that people cannot plan for or control at all. This could be a car accident or another type of accident leaving the person with severe...