Myths About Filing For Bankruptcy (Part 1)

Where do you get your information about bankruptcy? In most cases, it's not from a government agency or knowledgeable bankruptcy attorney - it's through what you might have seen on TV, inferred from books, or picked up from friends. Not surprisingly, much of the information you may have gleaned from the world about bankruptcy isn't all that accurate. Here are a few of the biggest bankruptcy myths:

· I'll never be able to buy a house or own property after bankruptcy. This is simply not true. Although it may not be wise to buy a property for a few years after declaring bankruptcy, you can rebuild your credit, save a down payment, and then find a lender - just like everyone else.

· Everyone will judge me if I declare bankruptcy. First of all, although bankruptcy is on public record, chances are that no one will find out unless you tell them or unless you are in the public eye. Second of all, especially in tough economic times, there are many people of all types and backgrounds who have found themselves in difficult financial situations - and most people will understand that you have researched your options and made the best choice for your family.

· Filing for bankruptcy is a difficult process involving a lot of red tape. Although bankruptcy has gotten more difficult over the past three years, it is certainly worth the trouble for certain people with specific financial troubles. Especially if you hire an experienced bankruptcy attorney to assist you, the process can be smooth and relatively fast. Today, you may even file for bankruptcy electronically.

· If I file for bankruptcy, my wife or husband will have to file, too. This is simply not true. Although it is often better for a couple to file for bankruptcy together, there are plenty of situations where it is optimal to have two people file separately, or to only have one person file. Your bankruptcy lawyer can help you decide which option is best for your family based on your individual circumstances.

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.