Alimony Payments And Bankruptcy | Spousal Support And Bankruptcy | St. Louis Bankruptcy Lawyer

Divorce can add a huge amount of financial stress to your life, and divorce is one of the leading causes of bankruptcy in America. Suddenly, two people have to pay for separate lives, savings have to be split, and property has to be sold, often at a loss. Even the process itself can be costly. Even after divorce, you may find yourself saddled with large alimony or spousal support payments that continue to drain your income.

Many of those trying to figure out if bankruptcy is the right choice for them in the wake of divorce wonder if their late alimony payments will be forgiven if they file for bankruptcy. In the same way, many ex-spouses of those declaring bankruptcy worry that their alimony payments could stop when their ex-husband or ex-wife declares bankruptcy.

Although bankruptcy can help you avoid foreclosure, financial lawsuits, repossessions, harassment, and stress, declaring bankruptcy does not forgive back alimony payments or curb payments in the future. Though there a very limited number of exceptions involving hardship, most people must continue to pay their spousal support obligations throughout the bankruptcy process. You may ask for a reconsideration from your judge concerning your alimony payments and in that way you may be able to lower your payments altogether.

During a Chapter 13 bankruptcy, back alimony payments may be part of your repayment plan. However, you will be responsible for paying the full amount owed, even if it is spread over a greater amount of time.

Chapter 7 Bankruptcy

Do you know how filing Chapter 7 bankruptcy can help improve your financial situation? You have probably heard many myths about bankruptcy, such as "you will lose everything." That is definitely not the case as long as you retain the services of an experienced bankruptcy attorney.

Chapter 13 Bankruptcy

Are you worried you will lose the home or vehicle you've worked so hard for because of foreclosure or repossession? A chapter 13 may just be the answer you are looking for to help you quickly save your home or vehicle from being taken.

Foreclosure

Millions of Americans continue to lose their homes due to foreclosure. If your family is facing foreclosure in St. Louis and risks living on the street, contact our Missouri bankruptcy law firm today. We can help!

Credit Card Debt

Struggling to pay credit card bills? Not answering the phone because you're tired of hearing from bill collectors? Need options? Contact St. Louis attorney Jim Brown to learn how filing Chapter 7 bankruptcy in Missouri may be able to help. We can stop the harassing phone calls from creditors today.

Medical Bills

Unexpected medical bills can ruin your financial future. If you’ve been suffering under the stress of medical debt, there are options for relief that can keep your family at home without losing everything. Our St. Louis bankruptcy law firm has helped numerous people get rid of debt from medical bills.

Job Loss

Have your hours been cut back because business has been slow or, even worse, have you lost your job? Don’t know how you’re going to pay your bills? Keep a roof over your head? We can help you get your life back. Contact a St. Louis job loss lawyer at Castle Law Office today to learn how filing bankruptcy can help you after loss of employment.

Repossession

If you haven’t been able to make car payments due to financial reasons beyond your control, we can stop the Repo Man and help you keep your car. Call us today for a free consultation.

Garnishment

Wage garnishment can make tough times even worse. If you are being affected by garnishments and cannot provide for your family, call us today. We can show you how to get your life back on track.

Personal Injury

Auto Accidents

A car crash can be a devastating experience for everyone involved. The injuries sustained may require a lifetime of medical treatment.

Truck Accidents

Fatigue is among the leading causes of commercial truck accidents. However, truck drivers are not the sole cause of wrecks.

Motorcycle Accidents

80% of riders involved in a Missouri motorcycle accident are either injured or killed. Those numbers are shocking.

Workplace Injuries

When you are injured in a workplace accident, one of the challenges you face is how to provide for your family.

Wrongful Death

A wrongful death suit may be filed when a person dies as the result of someone else’s negligent, reckless, or intentional act.

Pedestrian Accidents

Substantial injuries resulting from Missouri pedestrian accidents can lead to long term physical and mental effects for that victim.