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St. Louis' Answer To Deceptive Practices And Financial Difficulties

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Our New Website Is Being Developed

We hope you enjoy the new layout of our website.  The content for the site is still being developed.  Check back often! Have a question? Contact us! 314-827-4313
   

 

   
 

Current News

Consumer Protection Legislative Advocacy

A lot of action is happening in Washington that can impact all of our lives a great deal! Learn about the bills that are being weighed HERE, and click HERE to contact your representative & make your voice heard!
   

 

   
 

Recent Events

Free Consumer Rights Seminar - Tuesdays @ 6pm

Interested in learning about bankruptcy, budgeting to avoid a bankruptcy, your rights when creditors and collectors call?  Contact our office to RSVP - 314-827-4313
   

 
 
   
 

Information about Chapter 7 Bankruptcy

  1. What is Chapter 7 Bankruptcy?
  2. Can I keep my Home?
  3. Can I keep my Car?
  4. How long does a Chapter 7 Bankruptcy take to finish?
  5. How does Chapter 7 Bankruptcy Effect A Credit Score?
  6. What are the Fees for a Chapter 7?

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For more information about Bankruptcy click here. 

To contact our office for a consultation, click here.

What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is a Fresh Start.  Sometimes called a Liquidation Bankruptcy, Chapter 7 Bankruptcy completely wipes out unsecured debts.  Chapter 7 allows you to keep secured debts if you wish.

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Can I keep my home?

In general, Chapter 7 bankruptcy allows you to keep your home if you wish.  However, you must be current on your house payments.  If you are behind, consider Chapter 13 bankruptcy instead.  Please contact our office for specific information about your situation and how a bankruptcy would affect your home.

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Can I keep my car?

Just like a house, filing a Chapter 7 does not mean you have to turn over your car keys.  However, you might want to consider a Chapter 13 if you are behind on your payments.  Please contact our office for specific information about your situation and how a bankruptcy would affect your car.

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How long does a Chapter 7 Bankruptcy take to finish?

Once your case is filed, most cases take 4 to 6 months from beginning to end.

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How does Chapter 7 Bankruptcy Effect A Credit Score?

When you file a bankruptcy, it stays on your credit report for up to 10 years from the date the case was filed.  After you receive a bankruptcy discharge, you should pull your credit report at least once a year.  You need to make sure the debts discharged in your bankruptcy are properly listed on the credit report so your credit score is as high as possible.

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What are the Fees for a Chapter 7?

There are three separate fees for a Chapter 7 bankruptcy:

  1. Attorney Fees
  2. Court Costs
  3. Two Certificates

The Attorney fees vary by the complexity of your specific case.  Contact our office for a consultation to discuss your case and how much the fees will be.

Court Costs are set by the Court where your case is filed.  The Eastern District of Missouri's fees are here.  You should pay this fee before your case is filed.  However, if you are suffering from great financial difficulty, you can ask the Court to pay this fee in installments.

The two certificates needed to file a bankruptcy are a Credit Counseling Certificate (obtained before your case is filed) and a Financial Management Certificate (obtained after your case is filed.  For more information, click here.

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