http://www.stlouisbankruptcycenter.com Experienced attorneys from the St. Louis Bankruptcy Center can help you get back on your feet financially. Wed, 16 May 2012 20:24:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-advice-before-bankruptcy-is-it-a-good-idea-to-pay-off-minor-credit-card-debt http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-advice-before-bankruptcy-is-it-a-good-idea-to-pay-off-minor-credit-card-debt#comments Wed, 16 May 2012 20:24:17 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=293 If you owe less than $600 you should consider paying off credit card debt if you can.  This will reduce the negative impact on your credit rating post bankruptcy.  As you file for bankruptcy you are required to list all debts, including unpaid credit card debt.  All creditors are immediately notified.  For Chapter 7 bankruptcies, [...]]]> http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-advice-before-bankruptcy-is-it-a-good-idea-to-pay-off-minor-credit-card-debt/feed 0 http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-can-i-transfer-my-assets-to-someone-else-before-bankruptcy http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-can-i-transfer-my-assets-to-someone-else-before-bankruptcy#comments Wed, 16 May 2012 20:20:25 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=289 You should never transfer your property to others’ ownership prior to bankruptcy.  While this may sound appealing, it is considered fraud.  It will lead to complications and difficulties in your bankruptcy and will ultimately not protect your assets.  The transferred assets can be legally seized by creditors or trustees from the new owner.  Thus it [...]]]> http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-can-i-transfer-my-assets-to-someone-else-before-bankruptcy/feed 0 http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-should-i-borrow-against-my-home-to-pay-off-debt http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-should-i-borrow-against-my-home-to-pay-off-debt#comments Wed, 16 May 2012 20:18:33 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=285 You should not borrow against your home property to pay off debt.  Missouri homestead exemption laws protect some or all of your home equity when filing for bankruptcy.  If you do borrow against your home, you will likely have higher payments in the future and risk losing home ownership in the future.    A better option [...]]]> http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-help-should-i-borrow-against-my-home-to-pay-off-debt/feed 0 http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-filing-tip-help-should-i-use-retirement-funds-to-pay-off-debt http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-filing-tip-help-should-i-use-retirement-funds-to-pay-off-debt#comments Wed, 16 May 2012 20:17:55 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=281 Most of the time you should not take out loans against IRAs or other types of retirement accounts to pay off your debts.  Missouri laws in St. Louis protect most or all of your retirement funds during a bankruptcy.  Therefore, you can often reorganize or eliminate debt without losing your retirement funds.  Withdrawing funds before [...]]]> http://www.stlouisbankruptcycenter.com/blog/st-louis-bankruptcy-filing-tip-help-should-i-use-retirement-funds-to-pay-off-debt/feed 0 http://www.stlouisbankruptcycenter.com/blog/what-is-chapter-11-bankruptcy-and-when-should-it-be-filed http://www.stlouisbankruptcycenter.com/blog/what-is-chapter-11-bankruptcy-and-when-should-it-be-filed#comments Mon, 14 May 2012 15:27:28 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=279 I often get asked about the difference in the several chapters of bankruptcy by my clients. Generally, my business clients ask about Chapter 11 bankruptcy. A Chapter 11 bankruptcy is designed for two specific reasons: 1) restructuring business debt and 2) restructuring consumer debt for individuals that exceed the debt limitations for Chapter 13 bankruptcy. [...]]]> http://www.stlouisbankruptcycenter.com/blog/what-is-chapter-11-bankruptcy-and-when-should-it-be-filed/feed 0 http://www.stlouisbankruptcycenter.com/blog/how-should-you-handle-your-retirement-plan-before-filing-for-st-louis-bankruptcy http://www.stlouisbankruptcycenter.com/blog/how-should-you-handle-your-retirement-plan-before-filing-for-st-louis-bankruptcy#comments Fri, 13 Apr 2012 20:54:20 +0000 SiteKeeper http://www.stlouisbankruptcycenter.com/?p=262 How should you handle your retirement plan before filing for St. Louis bankruptcy? Our clients often wonder how St. Louis bankruptcy effects their retirement. It’s easy to understand why people would ask this and wonder about the possibility of their retirement accounts being depleted. Financial planners also ask us about this in order to give [...]]]> http://www.stlouisbankruptcycenter.com/blog/how-should-you-handle-your-retirement-plan-before-filing-for-st-louis-bankruptcy/feed 0