St. Louis Bankruptcy Attorney

    • Bankruptcy During Tax Time—Can You Keep Your Refund?

      Bankruptcy During Tax Time—Can You Keep Your Refund? For many taxpayers, an annual refund is an important part of financial planning for the entire year. This can make it difficult to plan for bankruptcy. Tax refunds can be an asset subject to the liquidation powers of the bankruptcy court. However: with careful planning, a tax refund can be protected from the bankruptcy court, ... 12 readers -
  • Will I Lose Everything I Own in a Chapter 7 Bankruptcy?

    …, including: Medical bills Credit card debt Personal loans Certain tax debts Auto loans Unpaid utility bills Past due rent Call the Law Offices of Kenneth P. Carp Today to Speak with a St. Louis Bankruptcy Attorney If you are having trouble meeting your financial obligations and find yourself on a hamster wheel of debt, consult… 15 readers -
  • Chapter 7 Bankruptcy: Eligibility and Procedure

    … abusing the bankruptcy system. In addition to the income test, Chapter 7 bankruptcy is not available to individuals who have received a bankruptcy discharge in the last six to eight years. What Happens to My Property? Filing for bankruptcy does not mean that you will be left homeless, penniless, and living on the street. This is a common… 14 readers -
  • What Happens to My Student Loans During Bankruptcy?

    … Student debt is crippling borrowers as well as the United States economy as a whole. Recently published statistics show that Americans owe more than $1 trillion dollars in student debt. As a result, many Americans with student debt are delaying or foregoing purchasing homes, moving, and even marriage. The increased attendance at colleges… 11 readers -
  • Will Bankruptcy Ruin My Credit?

    …. How Long Does Bankruptcy Stay on a Credit Report? A Chapter 7 Bankruptcy stays on the public record for ten years. All other bankruptcy references are only in the public record for seven years. A common misperception is that a FICO score will remain low for as long as the bankruptcy is in the public record and reported to the credit bureaus… 16 readers -
  • What Will Happen to My House and Car If I File for Bankruptcy?

    … There are many things to consider when you are deciding whether to file bankruptcy. One of the most important is what will become of your house and car when you file. In a Chapter 7 bankruptcy, the debtor asks the court to discharge debts because he or she does not have the income to pay these debts. If the debtor has a significant number… 13 readers -
  • Bankruptcy Options for Small Businesses

    … as they close their doors. Chapter 7 Bankruptcy for Businesses The most common type of bankruptcy for small businesses is Chapter 7. Chapter 7 will liquidate any remaining assets of your business to pay your creditors as much as possible. After your business is liquidated, your remaining debts can be discharged, and you can close up shop. In some… 10 readers -
  • When Is Chapter 13 Bankruptcy Right for Me?

    … will generally not help with such secured debts. Contact a St. Louis and St. Charles Bankruptcy Attorney for More Information Today At the Law Offices of Kenneth P. Carp, our St. Louis bankruptcy lawyer will carefully review your situation and determine which type of bankruptcy is right for you. Call us today at (636) 947-3600 for assistance. 1http… 18 readers -
  • Will I Lose All of My Assets if I File for Chapter 7 Bankruptcy?

    … Many people who look into Chapter 7 bankruptcy as a way to eliminate their debts are immediately concerned that they will lose all of their assets if they file. This concern is understandable, due to the fact that filing for Chapter 7 involves the liquidation of all of a person’s nonexempt assets in order to pay off creditors. As a result… 27 readers -
  • 3 Things to Consider Before Filing for Bankruptcy

    …. Some examples of debts that can be eliminated in bankruptcy include the following: Medical expenses Credit card debt Utility payments Personal loans Business debts Most civil judgments Collection accounts Call a St. Louis Bankruptcy Attorney Today to Discuss Your Options If you are having trouble meeting your financial… 16 readers -
  • FAQ Regarding Chapter 7 Bankruptcy in St. Louis

    … of bankruptcy is right for you Advise you about which of your debts can be discharged Help you complete and file the required paperwork Explain the bankruptcy process to you in detail Call a St. Louis Bankruptcy Lawyer Today to Find Out Whether Bankruptcy is Right for You Financial problems can often be resolved through legal means that do… 15 readers -