An experienced Bankruptcy attorney will tell you it’s a good idea to keep one credit card even after filing bankruptcy, you may ask why? This is because a cash-only existence doesn’t always provide for emergencies. I usually recommend my clients get one credit card to use responsibly after they receive their discharge.

That means for regular, necessary expenses and emergencies only (as I have often explained to… Continue reading

So how do you make the most of it once you’ve file for bankruptcy? You may not realize it, but chances are your credit score has improved.

It may be hard to believe given the nature of bankruptcy, but most of our clients actually see their credit score improve after filing bankruptcy. This is just further proof that bankruptcy doesn’t hurt your credit. It’s important that you don’t

Essentially, you can file for Chapter 13 bankruptcy basically every four years, while you are able to file for Chapter 7 bankruptcy generally every eight years. Having said that, it is important to understand that while bankruptcy is an important and occasionally vital tool, it is a tool that should be used sparingly and sensibly.

Of course, the reason that it is legal to file for bankruptcy more

If I file for Missouri bankruptcy what will happen to my tax refund? If there are any Missouri bankruptcy attorneys reading this they will no doubt chuckle. That’s because the answer, as is so often the case with Missouri bankruptcy, is that it depends. Things such as when you receive your tax refund and what type of bankruptcy you’re filing have to be taken into account. I know a lot… Continue reading

Bankruptcy attorneys anxiously waited for Justice Elena Kagan to write her first opinion in the Supreme Court last week. They weren’t nervous because she provided clairty to the 2005 amendments to bankruptcy laws, but rather because she sided with a creditor.

“This case is about proper interpretation of the bankruptcy code,” Kagan wrote. The Court ruled against Jason Ransom, of Nevada, who argued that he should be… Continue reading

Most people own a credit card for “emergencies,” (REAL emergencies, not the It’s-Christmas-and-I-forgot-to-pick-up-a-present-for-my-dog variety). If you are responsible enough to only use this credit card for emergencies, good for you. As a bankruptcy attorney I love nothing more than getting to see my clients take advantage of the new beginning bankruptcy has given them. Seeing people behave responsibly with their money is always great. But if you

The women of the Real Housewives TV franchise may seem like they have it all, but two of the stars of these hit shows have recently filed for bankruptcy. Teresa Giudice of the Real Housewives of New Jersey and Sonja Morgan of the Real Housewives of New York City have filed for Chapter 7 and 11 Bankruptcy respectively.

Over the years there have been numerous celebrities

New laws make it harder for those under 21 to get credit cards. How can you help your children build credit? Continue reading

Everybody knows debt is stressful, but do you know the health consequences of that stress? Debt stress syndrome is a serious disorder. Find more information on ways to get out of debt like a Missouri Chapter 7 or Chapter 13 bankruptcy. Continue reading

Three reasons why a St. Louis bankruptcy attorney might be a better option than some others. Continue reading