Secured Debts & Unsecured Debts in Bankruptcy

If you are considering filing a Chapter 7 or Chapter 13 bankruptcy in St. Charles or St. Louis County it is important to be able to classify your debts as secured and unsecured.  These debts are treated very differently in both Chapter 7 bankruptcies and Chapter 13 bankruptcies.  If you file a Chapter 7 all [...]

By |2016-09-08T19:31:51-05:00September 8th, 2016|Law Blog|0 Comments

What To Expect At the 341 Meeting of Creditors

Shortly after you file for bankruptcy, the Court sends you a notice to appear at a meeting of creditors, also called a “341 meeting”.  This meeting will take place roughly about a month after your case is filed.  If you file your case in St. Charles County the meeting will take place in Wentzville.  If [...]

By |2016-08-10T21:06:12-05:00August 10th, 2016|Law Blog|Comments Off on What To Expect At the 341 Meeting of Creditors

What does it mean to be “Judgment Proof”?

“Judgement Proof” is not a really a legal term but a term that denotes that a person’s debt cannot be generally collected by creditors.  It means that although a judge can issue a judgment against you, there is nothing for the creditor to collect. Let us review how a creditor will usually attempt to collect [...]

By |2016-06-17T16:25:50-05:00June 17th, 2016|Law Blog|Comments Off on What does it mean to be “Judgment Proof”?

Can Bankruptcy Save My House or Car?

The answer is Yes!  We can stop foreclosures and repossessions dead in their tracks by filing a bankruptcy. Generally, when people think of filing for a bankruptcy they think of what is known as the “fresh-start bankruptcy.”  This type of bankruptcy is a Chapter 7 filing.  The other type of bankruptcy, a Chapter 13, allows [...]

By |2016-06-10T12:25:41-05:00June 10th, 2016|Law Blog|Comments Off on Can Bankruptcy Save My House or Car?

What happens if I make too much money to file a Chapter 7 Bankruptcy?

Most people we serve in the St. Charles and St. Louis area who want to file for bankruptcy want to file a Chapter 7 case and get all of their debt wiped clean. However, some people that make over a certain amount of money every year cannot file for a Chapter 7 case and instead [...]

By |2016-06-07T20:16:18-05:00June 7th, 2016|Law Blog|Comments Off on What happens if I make too much money to file a Chapter 7 Bankruptcy?

Do I Qualify for a Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy is the type of bankruptcy that most people think of when filing for bankruptcy.  It is generally known as the “fresh start bankruptcy.”  The ultimate goal of the Chapter 7 case is to allow a debtor to clean out debt and be free from their creditors. In order to qualify for [...]

By |2016-05-24T21:43:21-05:00May 24th, 2016|Law Blog|Comments Off on Do I Qualify for a Chapter 7 Bankruptcy?

What is Bankruptcy?

The Declaration of Independence states, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness.”  This portion of the Declaration shows that human beings are supposed to be free and [...]

By |2016-05-24T21:39:15-05:00May 24th, 2016|Law Blog|Comments Off on What is Bankruptcy?

Should I File Bankruptcy?

The decision to file or not to file a bankruptcy can be stressful and overwhelming.  If you are considering filing a bankruptcy you should consult with an attorney so you are able to weigh all options.  I am a bankruptcy attorney with offices in St. Charles, Missouri and St. Louis, Missouri.  I, like many attorneys, [...]

By |2016-04-05T15:15:46-05:00April 5th, 2016|Law Blog|Comments Off on Should I File Bankruptcy?

Garnishments Do Not Just Go Away On Their Own

The point of this article is to remind the public that these debts are not just going to go away. Creditors are not going to all of a sudden stop calling. The lawsuit will eventually come and with the lawsuit will come a judgment. Once a creditor receives a judgment they can garnish wages, levy [...]

By |2016-02-09T00:27:42-05:00February 9th, 2016|Law Blog|Comments Off on Garnishments Do Not Just Go Away On Their Own

I Owe My Family Money. Should I pay Them Back Now?

When you file a Chapter 7 bankruptcy, or even a Chapter 13, your attorney might ask you if you have paid any friends or family members any money in the last 12 months?  I ask this question to every single client I meet with and I ask it because I know the Chapter 7 Trustee [...]

By |2016-01-13T14:14:18-05:00January 13th, 2016|Law Blog|Comments Off on I Owe My Family Money. Should I pay Them Back Now?