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St Louis Bankruptcy: 4 Reasons Why Bankruptcy Might Be The Right Option


I’ve been a St Louis bankruptcy lawyer for quite some time now, and I have yet to meet anyone who is eager or excited to file for bankruptcy. The people I meet dread the idea of having to do such a thing. They feel embarrassed, humiliated, and very often depressed about their set of circumstances. But no matter how bad things get financially, they would still prefer to try and pay their debts.

This is a sentiment that I can understand. And I always tell my clients that bankruptcy should be their last resort (not their first choice). Why? Because the public policy behind a bankruptcy is to give you a fresh start / clean slate when you are burdened by mountains of debt (that you cannot crawl out from underneath). So here are some things that might be going on in your life that might make you consider bankruptcy:

  1. Your wages are being garnished by up to 25% of the net of each paycheck. Losing a full quarter of your earnings each month can put a tight squeeze on an already pressure cooker situation in your household finances. A bankruptcy will put a halt to that.
  2. Your unsecured debts (like credit cards, medical bills, and payday loans) require that you pay monthly minimums that exceed your disposable income. If you have to choose between eating and paying towards a credit card, things have gotten difficult. Bankruptcy will knock out all of those debts once and for all.
  3. Collection agencies are calling your phone off the hook, are threatening to sue you, are demanding unreasonable payments, and are beginning to contact you friends, relatives, and place of work. Many of the tactics used by third party collector are unlawful. A St Louis bankruptcy will put an end to their methods forever.
  4. Your house is about to be foreclosed upon, your car is getting ready to be repossessed, and one of your creditors has just sued you for breach of contract. As the saying goes, when it rains it pours. All of these things can weigh heavily upon you, and make for a difficult life.

But you don’t have to put up with any of this!! You can get your life back into order! All it takes is a phone call (or filling out our online form). Call today!!


The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

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