Filing for bankruptcy is a serious decision, and if you are considering it, you might wonder if it’ll discharge your student loan debt. In Missouri, as in the rest of the United States, student loans are notoriously difficult to discharge through bankruptcy. However,...
Bankruptcy
What documents should you gather before filing for bankruptcy?
Filing for bankruptcy requires careful preparation. One of the first steps in making it happen is gathering all the required documents. Having all relevant information in one place makes it easier to grasp the total financial picture and helps ensure the process runs...
When to consider filing for personal bankruptcy
Facing financial difficulties can be overwhelming and stressful. It is not always clear when to seek help or make significant decisions about financial recovery, such as filing for personal bankruptcy. This action is a tool that helps individuals unable to meet their...
How do Chapter 7 and Chapter 13 bankruptcies differ?
Chapter 7 and Chapter 13 bankruptcies are two common types of bankruptcy filings that people may consider when facing financial difficulties. Both chapters offer debt relief options. However, they differ in several key ways. Understanding the distinctions between...
Can you file for Chapter 7 if you already have judgments?
If you face financial difficulties and have accumulated judgments against you, you might wonder if filing for Chapter 7 bankruptcy is still an option for you. You should understand what Chapter 7 bankruptcy entails and how judgments can affect your eligibility....
Does bankruptcy discharge medical debt?
Facing mounting medical debt can feel overwhelming, prompting many individuals to consider filing for bankruptcy. While bankruptcy is a legal process that seeks to provide relief from financial burdens, it is important to understand how it interacts with medical debt....
Can I keep my car if I file for Chapter 7 bankruptcy?
Filing for Chapter 7 bankruptcy can grant you a much-needed reprieve when you have no other option left for repaying your debts. Chapter 7 bankruptcy entails liquidating all of your non-exempt assets, though, so you might wonder whether or not you will get to keep...
Reasons a trustee might deny your chapter 7 bankruptcy
Chapter 7 bankruptcy is a legal process that allows individuals to discharge specific debts and begin anew financially. However, the court-appointed trustee supervising the bankruptcy proceedings in Missouri will determine whether or not to approve the discharge of...
What you should know about bankruptcy and student loans
In the past, you may have heard that bankruptcy proceedings do not allow for discharging federal student loans and even private loans. However, laws have changed, and you can now discharge these debts. This is what you should know about student loan discharge during...
Will filing for bankruptcy lower my credit score?
Filing for bankruptcy can grant you some much-needed reprieve when debts and payment obligations become too overwhelming for you to handle. There are different types of bankruptcy, but each serves to provide time during which you can get back on your feet without...
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