Yes, it does. In fact, that is the threshold question in determining which chapter of bankruptcy you might qualify for. The rules are very precise on this question, but as always, finding the right attorney who understands this specialized area of law is invaluable. To begin with, it should be…
Yes, you can. So long as you file a Missouri Chapter 13. In a St. Louis Chapter 7 bankruptcy, you are not able to get rid of a second (or junior) mortgage. But even if you qualify for a Missouri Chapter 7, it is still a good idea to look…
The only time a collection agency can make such a threat is if in fact the original creditor gives it permission to do so. But this is a very rare occurrence, so the chances that such a thing actually took place is slim. Either way, if the collector is threatening…
Yes, in fact there is such a chance. This option is possible when you file a Missouri Chapter 13. It give you a chance (under certain circumstances) to drop the balance of your car loan while at the same time lower your interest rate. A St. Louis Chapter 13 bankruptcy…
The answer to this question depends upon which chapter of bankruptcy you file. Because the rules are quite different between the two main chapters, it makes sense to give a complete answer for both scenarios. When you file a St. Louis Chapter 7 bankruptcy, it is necessary to disclose all…
This is a possibility, but as in all other areas of bankruptcy law, it depends on a few pertinent factors. There is nothing wrong with owning more than one car or truck, but it is the Bankruptcy Trustee’s job to look into and examine all of your assets to determine…
Yes, this option is available in certain situations. If you qualify for a Missouri Chapter 7, then even if you start off in a Missouri Chapter 13, you can convert. However, as with most things in life, there are very specific rules that must be followed, and certain qualifications that…
Then I say, ‘Congratulations!!’ This obviously means you are well on your way towards the fresh start / clean slate that a bankruptcy is supposed to provide. But there are certain things you should know about how this might affect your Missouri bankruptcy. To begin with, when you file for…
There are certain limitations, but it depends largely on what type of Missouri bankruptcy you wish to file. The two main options are a St. Louis Chapter 7 bankruptcy and a St. Louis Chapter 13 bankruptcy. These chapters have substantive differences in how debt is handled (or whether you would…
Not unless you tell them. It’s true that filing a Missouri bankruptcy is a public act (because our Sunshine Laws are set up so as to disallow the government from keeping secrets). But it’s not as if just anyone can go online and look up information on who has filed…