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Chapter 7

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St Louis Bankruptcy Attorney

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 …

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St. Louis Bankruptcy Lawyer

What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy is a legal process authorized by federal law that allows some people to eliminate their debts by liquidating (selling) their non-exempt assets. After the liquidation is complete, most, if not all, remaining debts are discharged, which means that people who file are under no legal obligation to pay …

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Chapter 7 To Keep Your Home

Many people who are having financial problems have gotten behind on their monthly bills, sometimes including their mortgage payment. When people get sufficiently behind on their mortgage payment, their lender has the option of foreclosing on their home, meaning that the bank will take possession of the house and sell it order to satisfy the …

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Chapter 7 Bankruptcy

What is Debt Reaffirmation in Chapter 7 Bankruptcy? The fundamental principle behind Chapter 7 bankruptcy1 is the liquidation of a debtor’s assets in order to pay off his or her debts. As a result, one of the reasons that people are wary about taking advantage of the benefits of bankruptcy is the the worry that …

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People who are struggling financially in Missouri know that filing for Chapter 7 bankruptcy is a potential option for relief. However, many St. Louis residents hesitate to pursue bankruptcy because they do not know what to expect from the bankruptcy process. The truth is that there is no reason to fear the bankruptcy process and …

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Many Missourians are struggling to pay their bills. Families can find themselves juggling a mortgage, multiple car payments, credit card payments, student loans, and more. If a sudden medical emergency or job loss occurs, people can easily find themselves in over their heads and facing possible home foreclosures, car repossessions, creditor lawsuits, wage garnishments, and …

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Especially when someone is going through financial struggles, they want to make sure they can keep any assets they already have. Many people avoid filing for Chapter 7 bankruptcy because they fear that a bankruptcy trustee will seize all of their assets and liquidate them to pay of your debts. However, the Missouri bankruptcy laws …

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Many Americans are struggling under mountains of debt for various reasons. With the continuing fallout of the subprime mortgage crisis and the high unemployment rates, many people have found themselves facing seemingly insurmountable credit card debt with high interest rates and impossible monthly payments. In addition, many families cannot afford to pay out of pocket …

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