BankruptcyLawStl

Friday, December 20, 2013

St. Louis Bankruptcy Attorney Insights: Need Help with Pre-Bankruptcy Counseling?

I've been a St. Louis bankruptcy lawyer since 2003. If you're considering filing for bankruptcy, you are probably wondering what steps you need to take beforehand.

Before the filing of any type of bankruptcy case by an individual, the bankruptcy client must complete a specially designed pre-bankruptcy counseling courseand submit the certificate of completion for the course to the client's bankruptcy lawyer. The pre-bankruptcy counseling is required prior to the case filing even when the client has an emergency such as an immediate need to stop foreclosure of the client's real property.

The bankruptcy client should give the counseling agency the fax number or e-mail address for the client's bankruptcy attorney and request the counseling agency send the certificate of completion to the bankruptcy lawyer. The pre-bankruptcy counseling must be completed within 180 days prior to the filing of Debtor's case. If a client completes the counseling course and waits 181 days or more to file the case, the counseling must be repeated before the bankruptcy attorney may file the client's case.

The counseling agencies typically charges $25.00-$50.00 for the pre-bankruptcy counseling depending on the agency and sometimes depending on whether the counseling is completed via the internet or telephone. For clients who have very limited income, a fee waiver may be obtained from the counseling agency.

If you live in Missouri... like Jefferson County, Franklin County, St. Charles County, or anywhere near St. Louis and are considering filing for Chapter 7 or Chapter 13 bankruptcy, I want you to have my FREE SPECIAL REPORT at no charge. It reveals tips and strategies good people who've suffered through tough times can use to turn things around. Just visit StLouisBankruptcyAttorneyHelp.com to get your own copy sent to you right away.

As an additional bonus, I would be glad to meet with you for a no cost, no commitment consultation to help you explore your options so that you may determine which debt relief option is best for you.

See the video-http://www.youtube.com/watch?v=Pv26falvEsU

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website

Thursday, November 21, 2013

St. Louis Bankruptcy Attorney Insights: Why Does Chapter 13 Stop Foreclosure?

Since 2003, I have been a St. Louis bankruptcy attorney. In the last ten years, I've represented a myriad of bankruptcy clients, helping clients dispose of tens of millions in debts and stopping thousands of foreclosure sales. Let me discuss why Chapter 13 bankruptcy in most cases stops the foreclosure process in Missouri.

If the client has not had more than one bankruptcy cases dismissed within the previous 12 months, filing Chapter 13 bankruptcy puts in place what is known as an automatic stay. An automatic stay is an automatic injunction, which ends actions by creditors, including foreclosure sales. If a homeowner has not had a bankruptcy dismissed within the past year, the filing of a Chapter 13 bankruptcy case will put in place this automatic injunction without further legal action.

Stalling the foreclosure sale then gives the Chapter 13 client another chance to keep the client's home and affords up to 48 months to repay the past due mortgage amount in a repayment plan approved by a federal court.

If you have a foreclosure sale pending, let me talk with you about how Chapter 13 bankruptcy may stop your foreclosure and give you a second chance to keep your house.

See the video-http://youtu.be/ZMEOpvfsWoc

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website

Monday, November 18, 2013

St. Louis Bankruptcy Attorney Insights: Where to File for Chapter 13

I’ve observed that some people who are in a desperate attempt to keep current on paying

their monthly bills decide to use payday loans. The payday loan is a popular, but dangerous type of unsecured, short-term loan for those who are in need of funds and not able to obtain them from other methods.

In the past, I was stunned once I started looking at the interest charges for payday loans. Several of have been in excess of 600% annually.

Payday loan lenders usually require the deposit of a post-dated check at the time the financial loan is taken out. The loan provider may cash it if the customer doesn’t pay back the loan promptly.

Sadly, in spite of the best of intentions, payday loan borrowers might be unable to pay off the loan promptly and become subjected to criminal charges for inadequate funds when the lender tries to cash their post-dated checks.

When you are thinking about taking out payday loans because you are otherwise struggling to pay off your debt on time, you owe it to yourself to consult a bankruptcy attorney first.

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website

Saturday, October 5, 2013

St. Louis Bankruptcy Attorney: Chapter 9, Chapter 12 & More

There are multiple types of bankruptcy such as Chapter 9, Chapter 11, Chapter 12, and Chapter 15.

How are they different? Chapter 9 bankruptcy is a type of bankruptcy for towns and cities. That's what it is designed for. Chapter 11 bankruptcy is a complex form of bankruptcy which is seldom filed by individuals. It is generally filed by corporations or limited liability companies, which reorganizeand continue business operations under the Bankruptcy Court's supervision. The U. S. Supreme Court has ruled that Chapter 11 bankruptcy may also be filed by individuals including spouses filing jointly. However Chapter 11 is rarely the best bankruptcy choice for a non-business.

Chapter 12 bankruptcy is a form of bankruptcy only available to family farmers and commercial fishermen. In this type of bankruptcy, the filer continues the business operations under the Bankruptcy Court's supervision, and receives a discharge of certain debts after completion of a Chapter 12 repayment plan. Chapter 15 bankruptcy is a type of bankruptcy for corporations which have debts in foreign countries as well as the United States.

For additional resources see:

http://www.stlouisbankruptcyattorneyhelp.com - Website

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Thursday, January 31, 2013

St. Louis Bankruptcy Attorney Reviews: Creditor Myths

I never stop being astonished at the falsehoods about bankruptcy and its outcomes which I hear from people who don’t actually know much about it. It shouldn’t come as a surprise that your creditors, whose interests are the opposite of yours, might try to discourage you from filing bankruptcy.

As long as they are accurate in their assertions about bankruptcy, I’m all for them articulating their viewpoints. Sometimes, however, I have heard of creditors as well as their agents lying about bankruptcy and its consequences in an obvious attempt to keep individuals who owe them

money in financial debt.

Folks frequently feel that if they file bankruptcy they will be unable to obtain any credit for 10 years.

This is absolutely incorrect.

I've had many clients who have been able to obtain loans on new automobiles immediately after a Chapter 7 bankruptcy discharge. I have had a lot of customers who were able to acquire vehicle loans while in Chapter 13 bankruptcy also.

Clients frequently tell me they are deluged with charge card offers even prior to acquiring a Chapter 7 discharge. Even acquiring a new mortgage loan may be possible two years after finishing Chapter 7

bankruptcy and one year after filing a Chapter 13 bankruptcy.

I frequently hear journalists carelessly throwing around the word “bankrupt” just as if it means that an individual is virtually without assets. This is often not true.

I’ve had many clients obtain debt relief under Chapter 7 bankruptcy and Chapter 13 bankruptcy who held houses worth well over a quarter million dollars.

The truth is that a client who files Chapter 7 bankruptcy is able to retain their house if the client keeps current on the mortgage repayment and doesn't have more than $15,000.00 in equity in the home. The same principle relates to being able to keep a car, except the allowable maximum equity is $3,000 for any vehicle in Chapter 7 bankruptcy or $6,000 if the bankruptcy is filed jointly by spouses and both spouses’ names are on the car title.

My advice to individuals who are experiencing financial obligations they can’t afford to repay on time is to look into the truth about bankruptcy instead of listening to the creditor hype and press hype about it.

For additional resources see:

http://www.stlouisbankruptcyattorneyhelp.com - website

Monday, January 28, 2013

St. Louis Bankruptcy Attorney Insights: Payday Loans

I’ve observed that some people who are in a desperate attempt to keep current on paying

In the past, I was stunned once I started looking at the interest charges for payday loans. Several of have been in excess of 600% annually.

Payday loan lenders usually require the deposit of a post-dated check at the time the financial loan is taken out. The loan provider may cash it if the customer doesn’t pay back the loan promptly.

When you are thinking about taking out payday loans because you are otherwise struggling to pay off your debt on time, you owe it to yourself to consult a bankruptcy attorney first.

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website