Debtors considering bankruptcy may be aware of the credit counseling requirement needed for filing.  You are required to complete a credit counseling course before you file and then a financial management course before your discharge can be granted.  This qualification became effective when the bankruptcy code was revised in 2005.  The idea is to help [...]

While many people are busy preparing their tax returns, in this post we will focus on the treatment of tax refunds in bankruptcy.

With the top 1% of earners in the United States bringing home an average of $16.4 million annually, how many mortgages or student loans could the average "one percenter" erase?

The top 1% of Americans earn an average of $16.4 million every year. How much of the average credit card debt or the national debt could this wealth eliminate?

This question has to be one of the most frequent questions I hear as a bankruptcy attorney.  Most people believe that if they file a bankruptcy they are going to lose everything, including their vehicle.  That, in most cases, is just simply not true.  In Missouri, you can protect up to $3,000 in vehicle equity [...]

You’ve got more time than you think you do.
When you come out of bankruptcy, you’ve got this burning desire to run.
Get a house, buy a car, live large. Now now now.

At the time of this writing, the filing fees for Chapter 7 bankruptcy are $306.  The filing fees for Chapter 13 bankruptcy are $281.  Each law firm differs on how much they require down as well as how much they require in terms of a total fee to file a type of bankruptcy.  In my+ Read MoreThe post How much is it to file a Chapter 7 or a Chapter 13 b

Once a Chapter 13 bankruptcy case is filed and a plan is proposed, it’s going to run for a certain number of months, typically between 36 and 60 month.  Now, there are some cases that end much earlier than 36 months and there are no cases that can exceed the 60 months.  So somewhere between+ Read MoreThe post How many payments do I have left

Uncertainty is no fun, especially when it’s your financial future. Peer into the crystal ball to set your mind at ease.