Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Our Very Own St. Louis Bankruptcy Attorney James Brown Featured in the Wall Street Journal!

Missouri and Illinois bankruptcy attorney and founder of Castle Law Office James Brown has had the honor of being included in the Wall Street Journal!

My Spouse Won’t Sign My Bankruptcy Papers. What Now? Ask Me.

Debt can cause such severe marital problems that there is often no solution but to file for Missouri or Illinois bankruptcy. But, what can you do if your spouse refuses to participate in getting protection from foreclosure, credit card debt help, and relief from the stress of debt?

Will the New Credit Card Rules Turn More People to Missouri and Illinois Bankruptcy?

The new credit laws, passed in 2009 for people that need credit card debt help, are going into effect towards the end of this month. They come with many new limits for credit card companies including allowing the consumer to close his or her account if the terms change and requiring the companies to pay off higher balance portions of your account first. So, why on Earth would these rules have more people thinking, “Should I file bankruptcy?”

While the new laws will certainly do their job in helping the average American avoid credit card debt, the credit card companies certainly won’t let the rules keep them from making profits. They will find new ways to make money—I expect those new ways will be harsher collection tactics. The amount of nasty creditor calls, wage garnishments, and other creditor actions will probably increase dramatically.

So, what does that have to do with bankruptcy? Missouri and Illinois bankruptcy can stop creditors from taking action—and help you get credit card debt help. In fact, credit card debt can usually be eliminated with Chapter 7 Bankruptcy in Missouri and Illinois. It seems that bankruptcy may be a more permanent solution.

If you are debating when to file bankruptcy, it is important for you to educate yourself on everything that bankruptcy can do for you—and how to pick the best Missouri or Illinois bankruptcy lawyer. You can start by requesting a free copy of my Missouri and Illinois bankruptcy book, “Get Out of Debt: Secrets Your Creditors Want You to Know.”