All items from St. Louis Bankruptcy Attorney Blog of the A & L, Licker Law Firm, LLC

If you file a Chapter 7 and you have a secured debt, often times a car note or a mortgage, you will be asked by the creditor to reaffirm that debt. What does that mean?  When a Chapter 7 debtor reaffirms a debt they agree to continue paying that obligation even after their bankruptcy case […]

Posted 37 weeks 5 days ago

The decision to file or not to file a bankruptcy can be stressful and overwhelming.  Many attorneys offer free consultations to get to know the prospective client’s situation to better be able to counsel them in making a proper, informative decision.  If you and your attorney decide that a bankruptcy is beneficial to you and […]

Posted 37 weeks 5 days ago

I Owe My Family Money.  Should I Pay Them Back Now?  When you file a Chapter 7 bankruptcy, or even a Chapter 13, your attorney might ask you if you have paid any friends or family members any money in the last 12 months?  I ask this question to every single client I meet with […]

Posted 1 year 4 weeks ago

Should I file a Corporate Chapter 7 Bankruptcy?  If you own a business and that business is struggling, bankruptcy might be a consideration for your business.   This article will address filing a Chapter 7 for your business, which essentially means dissolving the business.  If you file a Chapter 7 bankruptcy for your LLC or S-Corporation, […]

Posted 1 year 4 weeks ago

            It is getting towards the time of the year when people start thinking about how much money they might receive for their tax refunds early next year.  If a potential debtor is thinking about this, then a Chapter 7 or Chapter 13 Trustee will also likely be thinking about it.  […]

Posted 1 year 6 weeks ago

           If you have spoken to anyone before about bankruptcy, they probably told you that they received a “discharge” of their debts.  I have noticed when I am meeting with clients for the first time and I let them know they are eligible for a discharge, often I get a look […]

Posted 1 year 6 weeks ago

A dependent is defined as “someone who relies on another for support; one not able to exist or sustain oneself without the power or aid of someone else.”  This definition matters quite a bit if you are considering filing for bankruptcy.  Times have been rather tough for some Americans as the economy has hit a […]

Posted 1 year 14 weeks ago

This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client who originally started their bankruptcy as a Chapter 13 to convert that case to a Chapter […]

Posted 1 year 16 weeks ago

It is my job to know whether a Chapter 7 or a Chapter 13 is the better option for my clients.  The questions that I ask at the initial consultation asked to make this determination.  Most clients want to file a Chapter 7, but that is not always the best option for them.  Each case […]

Posted 1 year 17 weeks ago

Schools cannot refuse to release your transcript or diploma just because your bankruptcy case discharged a debt for tuition.  This ruling came down recently from the Seventh Circuit Court of Appeals, which covers Illinois, Wisconsin and Indiana.  It is true that student loans cannot be discharged in bankruptcy, except in special circumstances, such has financial […]

Posted 1 year 19 weeks ago