Articles from St. Louis Bankruptcy Attorney Blog of the A & L, Licker Law Firm, LLC

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Secured Debts vs. Unsecured Debts in Bankruptcy

Submitted by Anonymous (not verified) on Wed, 03/27/2013 - 21:08

If you are considering filing a Chapter  7 or Chapter 13 bankruptcy 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 the unsecured debts will be discharged in the [...]

Head of Household Exemption in Bankruptcy

Submitted by Anonymous (not verified) on Fri, 02/15/2013 - 20:28

If you decide to come in and speak with an attorney regarding a bankruptcy filing it is likely that the attorney will ask you how many children you have living with you that are under 21.  These children that are living with you that you are helping take care of are your dependents and will [...]

Can I Keep My Vehicle If I File Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 02/01/2013 - 17:28

A common concern for debtors that are considering filing for bankruptcy is whether or not they are going to lose their vehicle if they file a bankruptcy.  The answer to this question depends on several factors so it would be in your best interest, if this is a concern of yours, to consult a bankruptcy [...]

Payday Loans in Bankruptcy

Submitted by Anonymous (not verified) on Thu, 12/20/2012 - 21:52

Payday loans, or paycheck advances, are high interest rate loans designed to help the borrower receive some quick cash to help any financial burdens until they receive their next paycheck.  Since these payday loans have such a high interest rate, they become very devastating to borrowers.  If borrowers are relying heavily on these loans, their [...]

Are Homeowner Fees Dischargeable?

Submitted by Anonymous (not verified) on Thu, 12/20/2012 - 21:19

A common misconception of filing a Chapter 7 bankruptcy and surrendering your house, or “walking away” from it, is that once your case is filed you no longer are responsible for taking care of that property.  That simply is not the case.  Until the bank actually comes in and forecloses on the property you remain [...]

The Tenancy By Entirety Exemption In Missouri

Submitted by Anonymous (not verified) on Fri, 12/07/2012 - 03:53

A Tenancy by the Entirety (TBE) is a form of property ownership in Missouri, and a few other states, reserved for married couples.  Missouri recognizes TBE ownership in both real and personal property.  Property owned as tenants by the entirety belongs to the marriage, which means that both husband and wife own the property as [...]

What to Expect at the Creditors’ Meeting

Submitted by Anonymous (not verified) on Thu, 11/15/2012 - 18:09

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.  The notice will contain the date, address, time and the name of the trustee that will be [...]

Will I Lose My Home If I File Bankruptcy?

Submitted by Anonymous (not verified) on Mon, 11/12/2012 - 21:25

The short answer is no…you do not have to surrender your home if you file for bankruptcy.  If you are having financial trouble and problems making your ongoing mortgage payment, I would first recommend contacting your lender and trying to modify your mortgage.  Some lenders will work with you, but if they are not willing [...]

What are some limitations of protection of bankruptcy?

Submitted by Anonymous (not verified) on Fri, 09/14/2012 - 02:23

If you are considering filing for bankruptcy you have, no doubt, considered a number of the positive effects of filing for bankruptcy. To name a few: filing for bankruptcy can reduce or eliminate unsecured debt obligations, can provide peace of mind, and can get a debtor back on track financially. However, bankruptcy is not a [...]

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