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Redeeming a Vehicle in a Chapter 7 Bankruptcy
One benefit of a chapter 7 bankruptcy is the option to redeem a vehicle. In order to keep your vehicle after a chapter 7 bankruptcy, you must continue to make your normal car payment. Many people who file a chapter 7 bankruptcy owe much more than the value of their vehicle and continuing to make…
Reasons Most People File Bankruptcy in St Louis
The top 5 reasons many are forced into bankruptcy When do people filing bankruptcy in St Louis? Each situation is different. While there are many reasons, there are 5 main causes that lead people to file bankruptcy. Knowing these can help you avoid some and prepare for others. Medical Expenses: Been to the doctor lately?…
Tax Debt and Bankruptcy – How Does it Work?
Learn how bankruptcy affects taxes As a practicing St. Louis Bankruptcy attorney, I often get questions about taxes. Tax debts can be discharged through bankruptcy, but there are restrictions on the types of tax debt that will be discharged. First, only income tax debt may be discharged in a bankruptcy. There are 3 basic classifications…
What Does it Cost to File St Louis Bankruptcy?
4 main things to consider as you think about the cost of bankruptcy Many of our potential clients ask us, “What does it cost to file bankruptcy?” While this may vary based on a variety of factors, here are the 4 main things you should know about bankruptcy cost. Bankruptcy is an investment: Bankruptcy is…
Unemployment Updates for St. Louis, Missouri, and the U.S.
Recent statistics on unemployment rates St Louis continues to struggle in terms of unemployment and economic growth. While there are signs of improvement, there is still a long way to go towards economic recovery. The St Louis unemployment rate fell to 8.8%, which is above the national and state average. While it is far better…
Are Student Loans Dischargeable with St Louis Bankruptcy?
A common question in consultations with my clients is whether they can discharge their private and federal student loans by filing St Louis bankruptcy. Unlike most debt, the answer is not yes or no, but maybe. Dischargeability of student loan debt is determined on a case by case basis and there are several factors the…
How to Choose a Good St Louis Bankruptcy Attorney
6 important characteristics to consider in an St Louis bankruptcy attorney There are more attorneys in America than in any other nation. St Louis is certainly no different. How do you choose a St Louis bankruptcy attorney that will most effectively help you with your situation? These 6 factors will help you evaluate and…
What is the Process of Filing St Louis Bankruptcy?
The 7 Main Steps of Filing St Louis Bankruptcy If you are considering filing St Louis bankruptcy, we hope that you realize that the process is much simpler than you might think. Here are the 7 main steps that you should expect as you file St Louis bankruptcy: Have a consultation with an attorney: Your attorney is…
St Louis Bankruptcy and Taxes: Can the Court Seize My Tax Refund?
With the year coming to a close, most Missourians that are considering bankruptcy are concerned about how a St. Louis bankruptcy filing would affect their potential tax refund. Tax refunds are an asset of your estate and therefore the court can act upon the refund depending on what type of refund you receive and what…