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St Louis Bankruptcy: What Should I Do If My Debts Are Spiraling Out Of Control?


Then you should really consider the option of a St Louis bankruptcy. This is a quick, easy, and clean way of getting your financial life back in order. It is a fresh start / clean slate. A chance to get back up on your feet, and start life fresh.

When you are dealing with high levels of debt (especially unsecured debt, like credit cards, medical bills, and payday loans), then life can get hectic!! Your stress level goes through the roof, your relationships suffer, and you can end up feeling like the world is collapsing in around you.

And just when you things couldn’t get any worse, some of your delinquent debts could get passed on to a collection agency. Those entities will call you repeatedly, harass you relentlessly, and will use rude and intimidating tactics to get money out of you. Indeed, the methods employed by collection agencies are so out of whack that the United States Congress passed the Fair Debt Collections Practices Act (FDCPA) in the 1970s so that the collection industry would be tightly regulated by the federal government.


Or you could also be facing a situation in which a creditor has sued you for breach of contract, and now you have to deal with a court hearing. Of course, chances are high that the creditor will receive a judgment in its favor. And once they have a judgement in hand, they execute upon it by garnishing your wages, levying your bank accounts, or placing a lien against your property (like a piece of real estate that you own).

So as you can clearly see, debts can spiral out of control in a hurry. And very frequently, people will try stop-gap measures such as taking out a number of payday loans in order to stem the overwhelming tide of debt. But this is a classic “robbing Peter to pay Paul” scenario. And what’s worse is the fact that the interest rates charged by such organizations are through the roof!!

If you are dealing with sort of thing, then come see us for a bankruptcy consultation. The initial consultation free of charge, and therefore no commitment. But at the very least, you can get a sense of your rights and options!

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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